Opal Wealth Advisors LLC Has $3.43 Million Position in Microsoft Corporation (NASDAQ:MSFT)

Opal Wealth Advisors LLC lessened its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 7.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 9,131 shares of the software giant’s stock after selling 786 shares during the period. Microsoft accounts for about 1.1% of Opal Wealth Advisors LLC’s portfolio, making the stock its 13th largest position. Opal Wealth Advisors LLC’s holdings in Microsoft were worth $3,428,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Ball & Co Wealth Management Inc. acquired a new position in shares of Microsoft during the 4th quarter worth $31,000. Fiduciary Advisors Inc. acquired a new position in shares of Microsoft in the 4th quarter valued at about $38,000. LSV Asset Management acquired a new position in Microsoft during the 4th quarter worth approximately $44,000. IFS Advisors LLC raised 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 worth $57,000 after purchasing an additional 50 shares during the last quarter. Finally, Fairway Wealth LLC bought a new position in shares of Microsoft in the fourth quarter valued at approximately $62,000. Institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MSFT shares. UBS Group reiterated a “positive” rating on shares of Microsoft in a research report on Monday, June 30th. Evercore ISI set a $515.00 price objective on Microsoft and gave the company an “outperform” rating in a research report on Wednesday, May 21st. Jefferies Financial Group boosted their target price on shares of Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. BMO Capital Markets upped their target price on shares of Microsoft from $485.00 to $550.00 and gave the stock an “outperform” rating in a report on Thursday, July 10th. Finally, KeyCorp restated a “sector weight” rating on shares of Microsoft in a research report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average target price of $538.04.

Microsoft Stock Performance

MSFT stock opened at $511.70 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. The stock has a market cap of $3.80 trillion, a P/E ratio of 39.54, a P/E/G ratio of 2.30 and a beta of 1.04. The firm has a 50 day simple moving average of $476.35 and a 200 day simple moving average of $427.88. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $513.37.

Microsoft (NASDAQ:MSFT) last issued its quarterly 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. The firm had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The business’s revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.94 EPS. Research analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft’s payout ratio is 25.66%.

Insider Buying and Selling at Microsoft

In related news, EVP Amy Coleman sold 13,243 shares of the business’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the transaction, the executive vice president directly owned 43,100 shares in the company, valued at approximately $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of the company’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the completion of the transaction, the executive vice president owned 98,010 shares in the company, valued at $44,906,221.80. This trade represents a 14.03% decrease in their ownership of the stock. 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 ninety days. 0.03% of the stock is owned by corporate 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.