Alpha Omega Wealth Management LLC Has $20.42 Million Position in Microsoft Corporation (NASDAQ:MSFT)

Alpha Omega Wealth Management LLC lifted its stake in Microsoft Corporation (NASDAQ:MSFT) by 2.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,387 shares of the software giant’s stock after purchasing an additional 1,054 shares during the period. Microsoft accounts for approximately 3.9% of Alpha Omega Wealth Management LLC’s holdings, making the stock its 2nd largest holding. Alpha Omega Wealth Management LLC’s holdings in Microsoft were worth $20,416,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Ball & Co Wealth Management Inc. acquired a new stake in Microsoft in the 4th quarter valued at $31,000. Fiduciary Advisors Inc. acquired a new stake in Microsoft during the fourth quarter worth approximately $38,000. LSV Asset Management acquired a new stake in Microsoft during the 4th quarter worth approximately $44,000. IFS Advisors LLC grew its stake in shares of Microsoft by 50.0% in the first quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock valued at $57,000 after acquiring an additional 50 shares in the last quarter. Finally, Fairway Wealth LLC acquired a new position in Microsoft in the 4th quarter valued at $62,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Performance

NASDAQ:MSFT opened at $503.32 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. The business’s 50-day moving average price is $470.64 and its two-hundred day moving average price is $425.76. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $506.78. The stock has a market cap of $3.74 trillion, a P/E ratio of 38.90, a PEG ratio of 2.28 and a beta of 1.04.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share 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 during the quarter, compared to analyst estimates of $68.54 billion. During the same quarter in the previous year, the company posted $2.94 EPS. Microsoft’s revenue for the quarter was up 13.3% on a year-over-year basis. As a group, equities analysts predict that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.66%. Microsoft’s dividend payout ratio is presently 25.66%.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of research analyst reports. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a research report on Thursday, May 1st. UBS Group reiterated a “positive” rating on shares of Microsoft in a research report on Monday, June 30th. Stifel Nicolaus increased their price target on Microsoft from $475.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Wells Fargo & Company lifted their price objective on Microsoft from $565.00 to $585.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 25th. Finally, Jefferies Financial Group increased their price objective on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $534.14.

Insider Activity at Microsoft

In other news, EVP Kathleen T. Hogan sold 21,500 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the sale, the executive vice president owned 134,888 shares in the company, valued at $61,208,127.76. This represents a 13.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Bradford L. Smith sold 75,000 shares of the business’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $436.05, for a total value of $32,703,750.00. Following the completion of the transaction, the insider directly owned 476,999 shares of the company’s stock, valued at approximately $207,995,413.95. This trade represents a 13.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock worth $60,224,683 over the last 90 days. 0.03% of the stock is owned by insiders.

About Microsoft

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.