Microsoft Co. (NASDAQ:MSFT) Holdings Cut by Orleans Capital Management Corp LA

Orleans Capital Management Corp LA decreased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,260 shares of the software giant’s stock after selling 210 shares during the period. Microsoft comprises about 4.7% of Orleans Capital Management Corp LA’s investment portfolio, making the stock its 3rd biggest holding. Orleans Capital Management Corp LA’s holdings in Microsoft were worth $8,336,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MSFT. WFA Asset Management Corp raised its position in shares of Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after buying an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. raised its holdings in shares of Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after purchasing an additional 38 shares in the last quarter. Discipline Wealth Solutions LLC raised its holdings in shares of Microsoft by 410.4% during the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock valued at $1,144,000 after acquiring an additional 2,138 shares during the period. United Bank raised its holdings in shares of Microsoft by 4.1% during the third quarter. United Bank now owns 18,378 shares of the software giant’s stock valued at $7,908,000 after acquiring an additional 730 shares during the period. Finally, Goldstream Capital Management Ltd raised its holdings in shares of Microsoft by 10.3% during the third quarter. Goldstream Capital Management Ltd now owns 57,358 shares of the software giant’s stock valued at $24,681,000 after acquiring an additional 5,349 shares during the period. Institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

MSFT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Microsoft from $465.00 to $475.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. TD Securities upped their price objective on shares of Microsoft from $475.00 to $490.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Needham & Company LLC reissued a “buy” rating on shares of Microsoft in a report on Thursday, May 1st. Piper Sandler reissued an “overweight” rating on shares of Microsoft in a report on Wednesday, May 21st. Finally, Mizuho increased their price objective on shares of Microsoft from $475.00 to $500.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $513.59.

Insiders Place Their Bets

In related news, EVP Takeshi Numoto sold 3,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total value of $1,389,000.00. Following the completion of the transaction, the executive vice president now directly owns 43,930 shares of the company’s stock, valued at $20,339,590. This represents a 6.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Amy Coleman sold 13,243 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the transaction, the executive vice president now directly owns 43,100 shares of the company’s stock, valued at $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock worth $60,224,683 over the last quarter. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Up 0.5%

Microsoft stock opened at $472.75 on Tuesday. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $473.43. The stock has a 50 day moving average of $419.01 and a two-hundred day moving average of $417.09. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $3.51 trillion, a price-to-earnings ratio of 38.06, a PEG ratio of 2.21 and a beta of 1.03.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.24. The company had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. Microsoft’s revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.94 earnings per share. As a group, research analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.

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.