Microsoft Co. (NASDAQ:MSFT) is Atlas Wealth LLC’s 7th Largest Position

Atlas Wealth LLC cut its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.2% during the 3rd quarter, Holdings Channel reports. The firm owned 28,959 shares of the software giant’s stock after selling 56 shares during the quarter. Microsoft makes up approximately 5.4% of Atlas Wealth LLC’s holdings, making the stock its 7th largest holding. Atlas Wealth LLC’s holdings in Microsoft were worth $12,461,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Christopher J. Hasenberg Inc increased its position in Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after buying an additional 25 shares during the last quarter. Quarry LP purchased a new stake in Microsoft in the 2nd quarter worth about $45,000. MidAtlantic Capital Management Inc. bought a new stake in Microsoft in the 3rd quarter valued at about $62,000. Carolina Wealth Advisors LLC lifted its holdings in Microsoft by 10.1% during 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 last quarter. Finally, MayTech Global Investments LLC bought a new position in Microsoft during the second quarter worth about $200,000. 71.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on MSFT shares. Sanford C. Bernstein lowered their price target on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Wedbush reissued an “outperform” rating and set a $550.00 target price on shares of Microsoft in a report on Tuesday, November 19th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Microsoft in a report on Friday, October 18th. StockNews.com upgraded Microsoft from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Finally, Stifel Nicolaus raised their target price on Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Three analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $510.96.

Microsoft Trading Up 0.2 %

Shares of MSFT stock opened at $413.29 on Thursday. The business has a 50-day moving average price of $432.06 and a two-hundred day moving average price of $424.01. Microsoft Co. has a 12-month low of $385.58 and a 12-month high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm has a market cap of $3.07 trillion, a P/E ratio of 33.28, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period in the prior year, the business posted $2.93 earnings per share. Equities analysts anticipate that Microsoft Co. will post 13.03 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio is currently 26.73%.

Insider Buying and Selling

In related news, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the transaction, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Takeshi Numoto sold 1,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total transaction of $414,720.00. Following the sale, the chief marketing officer now owns 57,511 shares of the company’s stock, valued at $23,850,961.92. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,200 shares of company stock worth $17,383,892 in the last 90 days. 0.03% of the stock is owned by company insiders.

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.