Microsoft Co. (NASDAQ:MSFT) Holdings Increased by Phoenix Wealth Advisors

Phoenix Wealth Advisors boosted its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,994 shares of the software giant’s stock after purchasing an additional 675 shares during the quarter. Microsoft comprises 2.6% of Phoenix Wealth Advisors’ investment portfolio, making the stock its 4th biggest position. Phoenix Wealth Advisors’ holdings in Microsoft were worth $4,315,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Wealth Group LLC purchased a new stake in shares of Microsoft during the 4th quarter valued at $289,000. RPG Investment Advisory LLC raised its position in shares of Microsoft by 0.6% during the 4th quarter. RPG Investment Advisory LLC now owns 67,388 shares of the software giant’s stock valued at $16,161,000 after buying an additional 371 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of Microsoft by 3.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 976,543 shares of the software giant’s stock valued at $234,195,000 after buying an additional 31,106 shares in the last quarter. South Street Advisors LLC raised its position in shares of Microsoft by 1.3% during the 4th quarter. South Street Advisors LLC now owns 67,926 shares of the software giant’s stock valued at $16,290,000 after buying an additional 866 shares in the last quarter. Finally, CORDA Investment Management LLC. raised its position in shares of Microsoft by 3.6% during the 4th quarter. CORDA Investment Management LLC. now owns 18,772 shares of the software giant’s stock valued at $4,502,000 after buying an additional 655 shares in the last quarter. 69.15% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Microsoft news, CEO Satya Nadella sold 4,767 shares of Microsoft stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total value of $1,186,410.96. Following the completion of the transaction, the chief executive officer now directly owns 788,625 shares of the company’s stock, valued at $196,272,990. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Microsoft news, EVP Judson Althoff sold 30,000 shares of the business’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $306.09, for a total transaction of $9,182,700.00. Following the completion of the sale, the executive vice president now directly owns 117,456 shares in the company, valued at approximately $35,952,107.04. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Satya Nadella sold 4,767 shares of the firm’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total value of $1,186,410.96. Following the completion of the transaction, the chief executive officer now owns 788,625 shares in the company, valued at $196,272,990. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,848 shares of company stock valued at $16,635,227. Insiders own 0.03% of the company’s stock.

Microsoft Trading Up 0.9 %

NASDAQ:MSFT opened at $321.18 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.91 and a quick ratio of 1.88. The firm has a market capitalization of $2.39 trillion, a P/E ratio of 34.80, a PEG ratio of 2.83 and a beta of 0.93. Microsoft Co. has a one year low of $213.43 and a one year high of $322.59. The company’s 50-day simple moving average is $292.21 and its 200 day simple moving average is $262.43.

Microsoft (NASDAQ:MSFT – Get Rating) last issued its earnings results on Tuesday, April 25th. The software giant reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.23. The business had revenue of $52.86 billion during the quarter, compared to analysts’ expectations of $51.01 billion. Microsoft had a net margin of 33.25% and a return on equity of 38.98%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.22 earnings per share. As a group, analysts forecast that Microsoft Co. will post 9.66 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 8th. Shareholders of record on Thursday, May 18th will be issued a $0.68 dividend. The ex-dividend date is Wednesday, May 17th. This represents a $2.72 annualized dividend and a yield of 0.85%. Microsoft’s dividend payout ratio (DPR) is presently 29.47%.

Analyst Upgrades and Downgrades

MSFT has been the topic of several research reports. 888 restated a “maintains” rating on shares of Microsoft in a research report on Wednesday, April 26th. Macquarie upgraded shares of Microsoft from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $260.00 to $325.00 in a research report on Wednesday, April 26th. Evercore ISI lifted their target price on shares of Microsoft from $295.00 to $337.00 in a research report on Wednesday, April 26th. Raymond James lifted their target price on shares of Microsoft from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. Finally, Citigroup lifted their target price on shares of Microsoft from $332.00 to $340.00 in a research report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $323.28.

Microsoft Company Profile

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.