Oxbow Advisors LLC Sells 3,058 Shares of Microsoft Co. (NASDAQ:MSFT)

Oxbow Advisors LLC reduced its position in Microsoft Co. (NASDAQ:MSFT) by 3.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,848 shares of the software giant’s stock after selling 3,058 shares during the period. Microsoft comprises about 3.3% of Oxbow Advisors LLC’s portfolio, making the stock its 6th biggest holding. Oxbow Advisors LLC’s holdings in Microsoft were worth $33,068,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc lifted its position in shares of Microsoft by 169.2% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after buying an additional 44 shares in the last quarter. Quarry LP purchased a new position in Microsoft during the second quarter valued at $45,000. Innealta Capital LLC purchased a new position in Microsoft during the second quarter valued at $75,000. Carolina Wealth Advisors LLC grew its position in shares of Microsoft by 10.1% in the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after purchasing an additional 31 shares during the period. Finally, MayTech Global Investments LLC purchased a new stake in shares of Microsoft during the second quarter worth about $200,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Microsoft

In other news, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the transaction, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the sale, the chief marketing officer now owns 57,511 shares of the company’s stock, valued at approximately $23,850,961.92. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock valued at $17,383,892 in the last 90 days. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

NASDAQ:MSFT opened at $418.95 on Monday. The stock has a market capitalization of $3.11 trillion, a P/E ratio of 34.57, a PEG ratio of 2.37 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. Microsoft Co. has a fifty-two week low of $380.38 and a fifty-two week high of $468.35. The company has a 50 day moving average price of $428.83 and a 200 day moving average price of $427.23.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. During the same period in the prior year, the firm earned $2.99 earnings per share. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. Equities research analysts forecast that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft announced that its Board of Directors has approved a stock buyback program on Monday, September 16th that authorizes the company to buyback $60.00 billion in outstanding shares. This buyback authorization authorizes the software giant to purchase up to 1.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.79%. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several research analyst reports. Morgan Stanley lifted their price objective on Microsoft from $506.00 to $548.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Citigroup lowered their price target on Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. BMO Capital Markets reduced their price objective on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. DA Davidson cut shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price on the stock. in a research note on Monday, September 23rd. Finally, The Goldman Sachs Group reduced their target price on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $511.62.

Microsoft Company 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.