Microsoft Corporation $MSFT Holdings Decreased by Adams Wealth Management

Adams Wealth Management reduced its holdings in Microsoft Corporation (NASDAQ:MSFT) by 17.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,022 shares of the software giant’s stock after selling 3,479 shares during the period. Microsoft comprises about 1.5% of Adams Wealth Management’s holdings, making the stock its 16th largest holding. Adams Wealth Management’s holdings in Microsoft were worth $7,970,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Longfellow Investment Management Co. LLC grew its stake in shares of Microsoft by 51.3% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant’s stock valued at $29,000 after buying an additional 20 shares in the last quarter. Bulwark Capital Corp acquired a new position in shares of Microsoft during the 2nd quarter worth $32,000. Westend Capital Management LLC raised its holdings in shares of Microsoft by 386.7% during the 2nd quarter. Westend Capital Management LLC now owns 73 shares of the software giant’s stock valued at $36,000 after purchasing an additional 58 shares in the last quarter. LSV Asset Management acquired a new stake in shares of Microsoft in the 4th quarter valued at $44,000. Finally, University of Illinois Foundation bought a new stake in Microsoft in the second quarter worth $50,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the subject of a number of analyst reports. Rothschild Redb cut shares of Microsoft from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Oppenheimer reissued an “outperform” rating on shares of Microsoft in a research report on Thursday, October 30th. Cantor Fitzgerald set a $639.00 price target on shares of Microsoft in a report on Thursday, October 30th. Rothschild & Co Redburn reiterated a “neutral” rating and issued a $500.00 price objective (down from $560.00) on shares of Microsoft in a research note on Tuesday, November 18th. Finally, Sanford C. Bernstein increased their target price on Microsoft from $637.00 to $645.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $631.03.

Microsoft Trading Up 0.3%

Shares of NASDAQ MSFT opened at $476.39 on Wednesday. The company has a 50-day moving average of $502.02 and a two-hundred day moving average of $502.89. The company has a market cap of $3.54 trillion, a PE ratio of 33.88, a P/E/G ratio of 1.78 and a beta of 1.07. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $555.45. The company has a current ratio of 1.40, a quick ratio of 1.39 and a debt-to-equity ratio of 0.10.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, October 29th. The software giant reported $4.13 EPS for the quarter, topping analysts’ consensus estimates of $3.65 by $0.48. The firm had revenue of $77.67 billion during the quarter, compared to analyst estimates of $75.49 billion. Microsoft had a net margin of 35.71% and a return on equity of 32.45%. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.30 EPS. As a group, equities analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, February 19th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, February 19th. Microsoft’s dividend payout ratio (DPR) is currently 25.89%.

Insider Activity at Microsoft

In other Microsoft news, EVP Takeshi Numoto sold 2,850 shares of Microsoft stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $478.72, for a total transaction of $1,364,352.00. Following the completion of the transaction, the executive vice president directly owned 55,782 shares of the company’s stock, valued at $26,703,959.04. The trade was a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bradford L. Smith sold 38,500 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $518.64, for a total value of $19,967,640.00. Following the completion of the transaction, the insider directly owned 461,597 shares in the company, valued at $239,402,668.08. The trade was a 7.70% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 54,100 shares of company stock valued at $27,598,872. 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.