Physician Wealth Advisors Inc. Sells 98 Shares of Microsoft Corporation (NASDAQ:MSFT)

Physician Wealth Advisors Inc. lessened its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,249 shares of the software giant’s stock after selling 98 shares during the quarter. Microsoft makes up 1.1% of Physician Wealth Advisors Inc.’s holdings, making the stock its 24th biggest holding. Physician Wealth Advisors Inc.’s holdings in Microsoft were worth $6,100,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MSFT. Brady Martz Wealth Solutions LLC boosted its position in Microsoft by 1.4% during the first quarter. Brady Martz Wealth Solutions LLC now owns 6,650 shares of the software giant’s stock valued at $2,496,000 after acquiring an additional 95 shares during the last quarter. Mcdaniel Terry & Co. boosted its position in Microsoft by 6.1% during the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock valued at $133,023,000 after acquiring an additional 18,052 shares during the last quarter. Strategic Financial Services Inc. boosted its position in Microsoft by 7.8% during the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant’s stock valued at $7,345,000 after acquiring an additional 1,268 shares during the last quarter. Elevate Wealth Advisory Inc. boosted its position in Microsoft by 147.9% during the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant’s stock valued at $737,000 after acquiring an additional 1,043 shares during the last quarter. Finally, Intellus Advisors LLC acquired a new position in shares of Microsoft during the fourth quarter valued at about $16,075,000. Institutional investors own 71.13% of the company’s stock.

Insiders Place Their Bets

In other Microsoft news, EVP Takeshi Numoto sold 4,850 shares of the firm’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $527.32, for a total value of $2,557,502.00. Following the sale, the executive vice president owned 39,111 shares of the company’s stock, valued at $20,624,012.52. This trade represents a 11.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction dated 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 directly owned 134,888 shares in the company, valued at $61,208,127.76. The trade was a 13.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,350 shares of company stock valued at $21,493,447 in the last quarter. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Piper Sandler upped their price objective on shares of Microsoft from $600.00 to $650.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Jefferies Financial Group upped their price objective on shares of Microsoft from $600.00 to $675.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Wells Fargo & Company reiterated an “overweight” rating and set a $650.00 price objective (up previously from $600.00) on shares of Microsoft in a report on Thursday, July 31st. Wedbush upped their price objective on shares of Microsoft from $600.00 to $625.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Finally, Sanford C. Bernstein upped their price objective on shares of Microsoft from $540.00 to $637.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Two 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, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $609.86.

Microsoft Stock Performance

NASDAQ MSFT opened at $520.17 on Friday. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $555.45. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market capitalization of $3.87 trillion, a PE ratio of 38.14, a P/E/G ratio of 2.28 and a beta of 1.06. The company’s 50 day simple moving average is $502.60 and its two-hundred day simple moving average is $441.01.

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

Microsoft Announces Dividend

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

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.