Omega Financial Group LLC Trims Stock Position in Microsoft Co. (NASDAQ:MSFT)

Omega Financial Group LLC lessened its stake in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 3.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,455 shares of the software giant’s stock after selling 100 shares during the quarter. Omega Financial Group LLC’s holdings in Microsoft were worth $923,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Monumental Financial Group Inc. purchased a new stake in shares of Microsoft during the 1st quarter worth approximately $28,000. Atlantic Private Wealth LLC raised its position in Microsoft by 534.5% in the 2nd quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock valued at $63,000 after purchasing an additional 155 shares during the last quarter. Infrastructure Capital Advisors LLC purchased a new stake in Microsoft in the 2nd quarter valued at $601,000. Hibernia Wealth Partners LLC purchased a new stake in Microsoft in the 3rd quarter valued at $69,000. Finally, Iron Horse Wealth Management LLC raised its position in Microsoft by 89.0% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after purchasing an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling

In related news, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the sale, the executive vice president now directly owns 159,764 shares in the company, valued at approximately $64,538,265.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the sale, the executive vice president now directly owns 159,764 shares in the company, valued at approximately $64,538,265.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Bradford L. Smith sold 3,303 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $406.12, for a total value of $1,341,414.36. Following the transaction, the insider now owns 570,826 shares of the company’s stock, valued at $231,823,855.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,070,258 shares of company stock worth $30,690,456. 0.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on MSFT. Jefferies Financial Group reiterated a “buy” rating and issued a $465.00 price target on shares of Microsoft in a research report on Wednesday, March 6th. KeyCorp started coverage on shares of Microsoft in a research report on Thursday, March 21st. They set an “overweight” rating and a $490.00 price objective for the company. BMO Capital Markets upped their price objective on shares of Microsoft from $420.00 to $455.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Raymond James upped their price objective on shares of Microsoft from $400.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Finally, DA Davidson restated a “buy” rating and set a $500.00 price objective on shares of Microsoft in a research note on Friday, March 15th. Four equities research analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $423.34.

View Our Latest Stock Report on MSFT

Microsoft Stock Down 0.3 %

Shares of Microsoft stock opened at $421.65 on Wednesday. The firm has a market cap of $3.13 trillion, a price-to-earnings ratio of 38.12, a P/E/G ratio of 2.28 and a beta of 0.89. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 1.20. Microsoft Co. has a 52-week low of $272.05 and a 52-week high of $430.82. The stock has a 50-day simple moving average of $409.02 and a 200-day simple moving average of $373.03.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.76 by $0.17. The business had revenue of $62.02 billion during the quarter, compared to analyst estimates of $61.14 billion. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The firm’s revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.32 EPS. On average, equities research analysts expect that Microsoft Co. will post 11.63 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be issued a $0.75 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 annualized dividend and a yield of 0.71%. Microsoft’s dividend payout ratio (DPR) is currently 27.12%.

Microsoft Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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