WCG Wealth Advisors LLC Has $31.46 Million Stock Holdings in Microsoft Corporation (NASDAQ:MSFT)

WCG Wealth Advisors LLC raised its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 74,631 shares of the software giant’s stock after acquiring an additional 1,060 shares during the quarter. Microsoft makes up 2.1% of WCG Wealth Advisors LLC’s portfolio, making the stock its 6th largest holding. WCG Wealth Advisors LLC’s holdings in Microsoft were worth $31,457,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacific Point Advisors LLC acquired a new stake in Microsoft in the fourth quarter worth about $5,374,000. Wick Capital Partners LLC grew its position in shares of Microsoft by 6.7% in the 4th quarter. Wick Capital Partners LLC now owns 3,071 shares of the software giant’s stock valued at $1,294,000 after purchasing an additional 194 shares during the period. McMill Wealth Management bought a new stake in Microsoft in the 4th quarter valued at approximately $1,078,000. Vega Investment Solutions bought a new stake in Microsoft in the 4th quarter valued at approximately $16,162,000. Finally, Strait & Sound Wealth Management LLC raised its stake in shares of Microsoft by 0.8% during the 4th quarter. Strait & Sound Wealth Management LLC now owns 32,658 shares of the software giant’s stock worth $13,765,000 after purchasing an additional 264 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Insider Transactions at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the completion of the transaction, the insider now owns 471,036 shares of the company’s stock, valued at $204,038,664.12. This represents a 1.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Takeshi Numoto sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $460.01, for a total value of $460,010.00. Following the transaction, the executive vice president now directly owns 47,058 shares of the company’s stock, valued at $21,647,150.58. The trade was a 2.08% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Stock Performance

Shares of MSFT opened at $480.24 on Thursday. The firm has a market cap of $3.57 trillion, a PE ratio of 37.11, a PEG ratio of 2.43 and a beta of 1.03. The stock’s fifty day moving average price is $434.09 and its two-hundred day moving average price is $419.74. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $481.00.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The company had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same period in the previous year, the company posted $2.94 EPS. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, equities research analysts forecast that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft’s payout ratio is 25.66%.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of analyst reports. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a research note on Thursday, May 1st. Morgan Stanley restated an “overweight” rating on shares of Microsoft in a research report on Wednesday, June 4th. Benchmark reissued a “buy” rating on shares of Microsoft in a research note on Thursday, May 1st. UBS Group cut their price target on Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, Mizuho raised their price objective on Microsoft from $475.00 to $500.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $515.68.

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.