Microsoft Co. (NASDAQ:MSFT) is Artemis Wealth Advisors LLC’s 10th Largest Position

Artemis Wealth Advisors LLC lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 1,961.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,556 shares of the software giant’s stock after acquiring an additional 4,335 shares during the quarter. Microsoft accounts for about 0.3% of Artemis Wealth Advisors LLC’s holdings, making the stock its 10th largest position. Artemis Wealth Advisors LLC’s holdings in Microsoft were worth $1,061,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MSFT. Monumental Financial Group Inc. purchased a new stake in Microsoft in the first quarter worth $28,000. Newfound Research LLC increased its position in Microsoft by 25.4% in the second quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock worth $76,000 after buying an additional 60 shares during the last quarter. Darrow Company Inc. purchased a new stake in Microsoft in the second quarter worth $82,000. Morgan Dempsey Capital Management LLC bought a new position in shares of Microsoft in the third quarter worth $82,000. Finally, Avondale Wealth Management boosted its holdings in shares of Microsoft by 58.6% in the third quarter. Avondale Wealth Management now owns 406 shares of the software giant’s stock worth $95,000 after acquiring an additional 150 shares during the period. 69.15% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Up 0.5 %

MSFT opened at $240.35 on Wednesday. The company has a market cap of $1.79 trillion, a P/E ratio of 25.90, a P/E/G ratio of 2.35 and a beta of 0.94. The business’s 50-day moving average price is $241.83 and its 200-day moving average price is $250.46. The company has a current ratio of 1.84, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $315.95.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.06. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The company had revenue of $50.12 billion for the quarter, compared to the consensus estimate of $49.70 billion. During the same quarter in the previous year, the business earned $2.27 EPS. Microsoft’s revenue was up 10.6% compared to the same quarter last year. On average, equities analysts expect that Microsoft Co. will post 9.52 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 9th. Investors of record on Wednesday, February 15th will be issued a dividend of $0.68 per share. The ex-dividend date is Wednesday, February 15th. This represents a $2.72 dividend on an annualized basis and a yield of 1.13%. Microsoft’s dividend payout ratio is presently 29.31%.

Analysts Set New Price Targets

A number of research firms have recently commented on MSFT. Piper Sandler cut their price target on Microsoft from $265.00 to $247.00 and set an “overweight” rating for the company in a report on Monday, January 9th. Evercore ISI cut their price target on Microsoft from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. UBS Group set a $250.00 price target on Microsoft in a report on Thursday, January 12th. Cowen cut their price target on Microsoft from $310.00 to $285.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Finally, Mizuho dropped their price objective on Microsoft from $320.00 to $305.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and thirty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $289.15.

Insider Activity at Microsoft

In related news, EVP Judson Althoff sold 24,144 shares of the business’s stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $254.27, for a total transaction of $6,139,094.88. Following the transaction, the executive vice president now owns 150,047 shares in the company, valued at approximately $38,152,450.69. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.03% of the stock is owned by company insiders.

About Microsoft

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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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