Astoria Portfolio Advisors LLC. Has $3.58 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Astoria Portfolio Advisors LLC. lifted its holdings in Microsoft Co. (NASDAQ:MSFTFree Report) by 7.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,654 shares of the software giant’s stock after purchasing an additional 617 shares during the period. Microsoft accounts for about 1.4% of Astoria Portfolio Advisors LLC.’s investment portfolio, making the stock its 17th biggest holding. Astoria Portfolio Advisors LLC.’s holdings in Microsoft were worth $3,580,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. TRUE Private Wealth Advisors boosted its holdings in shares of Microsoft by 1.2% during the 3rd quarter. TRUE Private Wealth Advisors now owns 50,031 shares of the software giant’s stock worth $15,797,000 after buying an additional 597 shares during the period. FMR LLC boosted its holdings in Microsoft by 2.7% during the third quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock valued at $68,162,263,000 after acquiring an additional 5,762,902 shares during the period. Prospector Partners LLC grew its position in shares of Microsoft by 0.5% in the third quarter. Prospector Partners LLC now owns 21,092 shares of the software giant’s stock valued at $6,660,000 after purchasing an additional 100 shares during the last quarter. Allen Investment Management LLC increased its stake in shares of Microsoft by 3.5% in the third quarter. Allen Investment Management LLC now owns 1,774,314 shares of the software giant’s stock worth $560,240,000 after purchasing an additional 60,151 shares during the period. Finally, Clearstead Advisors LLC lifted its position in shares of Microsoft by 1.7% during the 3rd quarter. Clearstead Advisors LLC now owns 153,257 shares of the software giant’s stock worth $48,391,000 after purchasing an additional 2,593 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on MSFT. The Goldman Sachs Group lifted their price target on Microsoft from $450.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Truist Financial reiterated a “buy” rating and set a $600.00 target price on shares of Microsoft in a research note on Monday, June 17th. Sanford C. Bernstein raised their price target on shares of Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. New Street Research began coverage on shares of Microsoft in a research report on Monday, June 10th. They set a “buy” rating and a $570.00 price objective for the company. Finally, Stifel Nicolaus reissued a “buy” rating and set a $455.00 target price on shares of Microsoft in a research report on Monday, April 22nd. Three research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the stock. According to MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and an average target price of $467.12.

Get Our Latest Report on Microsoft

Microsoft Stock Up 1.5 %

Shares of NASDAQ MSFT opened at $467.56 on Monday. Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $468.35. The firm’s 50-day simple moving average is $429.75 and its 200 day simple moving average is $413.34. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. The company has a market cap of $3.48 trillion, a price-to-earnings ratio of 40.48, a price-to-earnings-growth ratio of 2.20 and a beta of 0.89.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. The company had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. Microsoft’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.45 earnings per share. On average, research analysts expect that Microsoft Co. will post 11.77 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

Insider Activity at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the transaction, the chief marketing officer now directly owns 47,011 shares in the company, valued at approximately $19,534,480.83. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the sale, the executive vice president now owns 104,949 shares in the company, valued at $44,674,690.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Takeshi Numoto sold 244 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the transaction, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The disclosure for this sale can be found here. Insiders have sold a total of 25,566 shares of company stock worth $10,877,535 over the last 90 days. Insiders own 0.03% of the company’s stock.

About Microsoft

(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.

See Also

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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