Opal Wealth Advisors LLC Has $4.09 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Opal Wealth Advisors LLC cut its stake in Microsoft Co. (NASDAQ:MSFT) by 9.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,874 shares of the software giant’s stock after selling 1,087 shares during the period. Microsoft makes up 1.6% of Opal Wealth Advisors LLC’s holdings, making the stock its 14th largest position. Opal Wealth Advisors LLC’s holdings in Microsoft were worth $4,089,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. IRON Financial LLC boosted its stake in Microsoft by 1.4% in the 4th quarter. IRON Financial LLC now owns 8,165 shares of the software giant’s stock worth $3,071,000 after purchasing an additional 109 shares during the period. AdvisorNet Financial Inc boosted its stake in Microsoft by 1.5% in the 4th quarter. AdvisorNet Financial Inc now owns 64,150 shares of the software giant’s stock worth $24,123,000 after purchasing an additional 935 shares during the period. Lineweaver Wealth Advisors LLC boosted its stake in Microsoft by 5.0% in the 4th quarter. Lineweaver Wealth Advisors LLC now owns 19,302 shares of the software giant’s stock worth $7,263,000 after purchasing an additional 926 shares during the period. Congress Park Capital LLC lifted its position in Microsoft by 6.2% during the 4th quarter. Congress Park Capital LLC now owns 23,669 shares of the software giant’s stock worth $8,900,000 after buying an additional 1,373 shares in the last quarter. Finally, MBA Advisors LLC lifted its position in Microsoft by 2.6% during the 4th quarter. MBA Advisors LLC now owns 9,603 shares of the software giant’s stock worth $3,611,000 after buying an additional 246 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Performance

Shares of NASDAQ:MSFT opened at $411.84 on Thursday. The company’s 50 day moving average price is $415.48 and its two-hundred day moving average price is $384.15. Microsoft Co. has a 12-month low of $275.37 and a 12-month high of $430.82. The firm has a market cap of $3.06 trillion, a PE ratio of 37.24, a PEG ratio of 2.20 and a beta of 0.89. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.76 by $0.17. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The firm had revenue of $62.02 billion for the quarter, compared to analyst estimates of $61.14 billion. During the same quarter in the prior year, the business posted $2.32 EPS. The business’s revenue was up 17.6% compared to the same quarter last year. Equities research analysts predict that Microsoft Co. will post 11.61 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be given a dividend of $0.75 per share. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.73%. Microsoft’s dividend payout ratio is 27.12%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on MSFT shares. Wells Fargo & Company boosted their price target on shares of Microsoft from $460.00 to $480.00 and gave the stock an “overweight” rating in a research report on Wednesday. UBS Group reissued a “buy” rating and set a $480.00 price target on shares of Microsoft in a research report on Wednesday, April 10th. BNP Paribas raised shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price target on the stock in a research report on Thursday, January 18th. Jefferies Financial Group boosted their price target on shares of Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Finally, Wedbush reissued an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research report on Wednesday, April 10th. Four investment analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the stock. Based on data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $431.03.

Insider Buying and Selling

In related news, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the sale, the executive vice president now owns 159,764 shares in the company, valued at approximately $64,538,265.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the sale, the executive vice president now owns 159,764 shares in the company, valued at approximately $64,538,265.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bradford L. Smith sold 3,303 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the sale, the insider now owns 570,826 shares in the company, valued at approximately $231,823,855.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,070,258 shares of company stock worth $30,690,456. Corporate insiders own 0.03% of the company’s stock.

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.