Opal Wealth Advisors LLC Cuts Stock Position in Microsoft Co. (NASDAQ:MSFT)

Opal Wealth Advisors LLC reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 7.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,402 shares of the software giant’s stock after selling 777 shares during the quarter. Microsoft comprises about 1.3% of Opal Wealth Advisors LLC’s investment portfolio, making the stock its 13th biggest position. Opal Wealth Advisors LLC’s holdings in Microsoft were worth $4,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bayesian Capital Management LP grew its holdings in shares of Microsoft by 60.1% in the fourth quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock worth $18,238,000 after purchasing an additional 18,200 shares during the last quarter. Warren Street Wealth Advisors LLC increased its position in shares of Microsoft by 16.5% during the fourth quarter. Warren Street Wealth Advisors LLC now owns 6,767 shares of the software giant’s stock worth $2,545,000 after acquiring an additional 956 shares during the period. Czech National Bank raised its stake in shares of Microsoft by 0.4% during the first quarter. Czech National Bank now owns 1,307,487 shares of the software giant’s stock valued at $550,086,000 after acquiring an additional 5,253 shares in the last quarter. True Link Financial Advisors LLC boosted its holdings in shares of Microsoft by 296.7% in the first quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock valued at $1,274,000 after purchasing an additional 2,264 shares during the period. Finally, United Advisor Group LLC bought a new position in Microsoft in the fourth quarter worth approximately $9,538,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Trading Down 1.8 %

Shares of NASDAQ:MSFT opened at $409.44 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.16. Microsoft Co. has a 52-week low of $309.45 and a 52-week high of $468.35. The stock has a market cap of $3.04 trillion, a price-to-earnings ratio of 35.45, a PEG ratio of 2.11 and a beta of 0.90. The business has a 50-day moving average price of $430.25 and a 200-day moving average price of $423.01.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, beating the consensus estimate of $2.90 by $0.05. The business had revenue of $64.73 billion during the quarter, compared to analysts’ expectations of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.69 EPS. Equities analysts predict that Microsoft Co. will post 13.04 EPS for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 annualized dividend and a yield of 0.73%. Microsoft’s dividend payout ratio is presently 25.97%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Oppenheimer upped their target price on Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. UBS Group lowered their price objective on shares of Microsoft from $520.00 to $510.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Morgan Stanley cut their target price on shares of Microsoft from $520.00 to $506.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Piper Sandler reaffirmed an “overweight” rating and issued a $485.00 price target on shares of Microsoft in a research report on Wednesday, July 31st. Finally, Mizuho upped their target price on Microsoft from $450.00 to $480.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Two analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $494.72.

Insider Activity at Microsoft

In related news, CEO Satya Nadella sold 14,398 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the completion of the transaction, the chief executive officer now owns 786,933 shares in the company, valued at approximately $328,473,703.53. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.03% of the stock is owned by company insiders.

Microsoft 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.