Omega Financial Group LLC Sells 116 Shares of Microsoft Co. (NASDAQ:MSFT)

Omega Financial Group LLC lowered its position in shares of Microsoft Co. (NASDAQ:MSFT) by 12.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 837 shares of the software giant’s stock after selling 116 shares during the period. Omega Financial Group LLC’s holdings in Microsoft were worth $353,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. BCK Partners Inc. raised its holdings in shares of Microsoft by 1.8% during the third quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock valued at $582,000 after acquiring an additional 24 shares during the last quarter. Conscious Wealth Investments LLC increased its position in shares of Microsoft by 0.4% during the second quarter. Conscious Wealth Investments LLC now owns 6,986 shares of the software giant’s stock worth $3,108,000 after purchasing an additional 25 shares in the last quarter. Global Wealth Strategies & Associates raised its stake in Microsoft by 0.8% in the 3rd quarter. Global Wealth Strategies & Associates now owns 2,997 shares of the software giant’s stock valued at $1,290,000 after purchasing an additional 25 shares during the last quarter. Christopher J. Hasenberg Inc lifted its holdings in Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after purchasing an additional 25 shares in the last quarter. Finally, Sequent Asset Management LLC boosted its stake in Microsoft by 1.3% during the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock worth $853,000 after purchasing an additional 25 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Insider Transactions at Microsoft

In related news, CMO Takeshi Numoto sold 2,000 shares of Microsoft stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $437.32, for a total value of $874,640.00. Following the completion of the transaction, the chief marketing officer now owns 51,852 shares in the company, valued at $22,675,916.64. The trade was a 3.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 7,000 shares of company stock valued at $3,070,340. 0.03% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on MSFT shares. BMO Capital Markets reduced their target price on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. TD Cowen decreased their target price on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. JPMorgan Chase & Co. dropped their price target on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $509.00 price objective on shares of Microsoft in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus price target of $510.96.

Microsoft Trading Up 0.5 %

Shares of MSFT stock opened at $399.73 on Thursday. Microsoft Co. has a fifty-two week low of $385.58 and a fifty-two week high of $468.35. The company has a 50 day moving average price of $422.36 and a 200 day moving average price of $423.01. The stock has a market capitalization of $2.97 trillion, a P/E ratio of 32.18, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period in the prior year, the business earned $2.93 earnings per share. Equities research analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Thursday, February 20th. Microsoft’s payout ratio is presently 26.73%.

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.