Oak Hill Wealth Advisors LLC Has $9.35 Million Position in Microsoft Corporation (NASDAQ:MSFT)

Oak Hill Wealth Advisors LLC lessened its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 2.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,898 shares of the software giant’s stock after selling 707 shares during the quarter. Microsoft makes up approximately 2.2% of Oak Hill Wealth Advisors LLC’s portfolio, making the stock its 13th largest holding. Oak Hill Wealth Advisors LLC’s holdings in Microsoft were worth $9,346,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ball & Co Wealth Management Inc. bought a new position in Microsoft during the fourth quarter valued at approximately $31,000. Newton One Investments LLC raised its position in Microsoft by 66.7% during the first quarter. Newton One Investments LLC now owns 75 shares of the software giant’s stock valued at $28,000 after acquiring an additional 30 shares in the last quarter. LSV Asset Management bought a new position in Microsoft during the fourth quarter valued at approximately $44,000. Fairway Wealth LLC bought a new position in Microsoft during the fourth quarter valued at approximately $62,000. Finally, IFS Advisors LLC raised its position in Microsoft by 50.0% during 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. Institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the topic of several recent research reports. DA Davidson raised their price objective on shares of Microsoft from $600.00 to $650.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Evercore ISI lifted their price target on shares of Microsoft from $515.00 to $545.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Piper Sandler lifted their price target on shares of Microsoft from $600.00 to $650.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Jefferies Financial Group lifted their price target on shares of Microsoft from $600.00 to $675.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Finally, Needham & Company LLC reissued a “buy” rating on shares of Microsoft in a research report on Thursday, May 1st. Two analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $609.86.

Microsoft Price Performance

Shares of Microsoft stock opened at $524.94 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.35 and a current ratio of 1.35. The firm’s 50-day simple moving average is $494.34 and its 200-day simple moving average is $437.01. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $555.45. The firm has a market cap of $3.90 trillion, a P/E ratio of 38.49, a price-to-earnings-growth ratio of 2.31 and a beta of 1.06.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share for the quarter, topping the consensus estimate of $3.35 by $0.30. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The business had revenue of $76.44 billion for the quarter, compared to analyst estimates of $73.79 billion. During the same quarter in the prior year, the firm earned $2.95 EPS. The firm’s quarterly revenue was up 18.1% compared to the same quarter last year. As a group, research analysts expect that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.6%. Microsoft’s dividend payout ratio is presently 24.34%.

Insider Activity

In other news, EVP Kathleen T. Hogan sold 21,500 shares of the company’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total value of $9,756,055.00. Following the sale, the executive vice president owned 134,888 shares of the company’s stock, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Judson Althoff sold 16,000 shares of the company’s stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the completion of the sale, the executive vice president directly owned 98,010 shares in the company, valued at approximately $44,906,221.80. The trade was a 14.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,743 shares of company stock worth $24,921,913 in the last quarter. 0.03% of the stock is owned by company 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.