Private Wealth Advisors LLC Purchases 103 Shares of Microsoft Co. (NASDAQ:MSFT)

Private Wealth Advisors LLC grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 17.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 701 shares of the software giant’s stock after buying an additional 103 shares during the quarter. Private Wealth Advisors LLC’s holdings in Microsoft were worth $295,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MSFT. Christopher J. Hasenberg Inc increased its holdings in Microsoft by 169.2% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after purchasing an additional 44 shares during the period. Quarry LP bought a new position in shares of Microsoft during the 2nd quarter worth $45,000. Innealta Capital LLC purchased a new position in shares of Microsoft during the second quarter valued at $75,000. Carolina Wealth Advisors LLC raised its holdings in shares of Microsoft by 10.1% in the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after acquiring an additional 31 shares in the last quarter. Finally, MayTech Global Investments LLC purchased a new stake in Microsoft in the second quarter worth about $200,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Trading Up 1.0 %

Microsoft stock opened at $429.03 on Friday. Microsoft Co. has a 52 week low of $385.58 and a 52 week high of $468.35. The stock has a 50-day moving average price of $429.19 and a 200 day moving average price of $426.57. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $3.19 trillion, a price-to-earnings ratio of 35.40, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating the consensus estimate of $3.10 by $0.20. The business had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.99 EPS. Sell-side analysts anticipate that Microsoft Co. will post 12.92 EPS for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio is currently 27.39%.

Insider Buying and Selling at Microsoft

In other news, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the sale, the executive vice president now owns 103,366 shares of the company’s stock, valued at $43,792,039.56. This trade represents a 6.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the transaction, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. This trade represents a 17.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,200 shares of company stock worth $17,383,892. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on MSFT shares. Cantor Fitzgerald began coverage on shares of Microsoft in a research report on Friday. They set an “overweight” rating and a $509.00 target price on the stock. KeyCorp lifted their price objective on shares of Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a report on Tuesday, November 5th. StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, TD Cowen decreased their price objective on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $511.53.

Microsoft Company Profile

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.