Microsoft Co. (NASDAQ:MSFT) Stock Holdings Decreased by Adams Asset Advisors LLC

Adams Asset Advisors LLC reduced its position in Microsoft Co. (NASDAQ:MSFT) by 0.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,102 shares of the software giant’s stock after selling 75 shares during the period. Adams Asset Advisors LLC’s holdings in Microsoft were worth $6,354,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MSFT. Morris Financial Concepts Inc. lifted its holdings in shares of Microsoft by 0.9% during the fourth quarter. Morris Financial Concepts Inc. now owns 2,663 shares of the software giant’s stock valued at $1,001,000 after purchasing an additional 25 shares in the last quarter. Innova Wealth Partners lifted its holdings in shares of Microsoft by 0.6% during the fourth quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock valued at $1,594,000 after purchasing an additional 25 shares in the last quarter. Arkansas Financial Group Inc. lifted its holdings in Microsoft by 1.5% in the fourth quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock valued at $646,000 after acquiring an additional 25 shares during the period. Sicart Associates LLC lifted its holdings in Microsoft by 2.9% in the fourth quarter. Sicart Associates LLC now owns 926 shares of the software giant’s stock valued at $348,000 after acquiring an additional 26 shares during the period. Finally, Capital Wealth Management LLC lifted its holdings in Microsoft by 1.7% in the fourth quarter. Capital Wealth Management LLC now owns 1,592 shares of the software giant’s stock valued at $599,000 after acquiring an additional 26 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $415.53, for a total transaction of $101,389.32. Following the sale, the chief marketing officer now owns 47,011 shares in the company, valued at $19,534,480.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Microsoft news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the sale, the executive vice president now owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Takeshi Numoto sold 244 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the sale, the chief marketing officer now directly owns 47,011 shares in the company, valued at approximately $19,534,480.83. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,566 shares of company stock worth $10,877,535. Corporate insiders own 0.03% of the company’s stock.

Microsoft Trading Up 0.9 %

NASDAQ:MSFT opened at $449.78 on Friday. The firm has a market cap of $3.34 trillion, a PE ratio of 38.94, a price-to-earnings-growth ratio of 2.35 and a beta of 0.89. The stock has a fifty day moving average price of $419.96 and a 200 day moving average price of $407.17. Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $450.94. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17.

Microsoft (NASDAQ:MSFT) last released its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The firm had revenue of $61.86 billion during the quarter, compared to analyst estimates of $60.86 billion. During the same period last year, the business posted $2.45 earnings per share. Microsoft’s revenue was up 17.0% compared to the same quarter last year. Sell-side analysts anticipate that Microsoft Co. will post 11.77 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, September 12th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Thursday, August 15th. Microsoft’s dividend payout ratio (DPR) is currently 25.97%.

Analyst Ratings Changes

MSFT has been the topic of a number of recent research reports. Piper Sandler reissued an “overweight” rating and issued a $465.00 target price (up previously from $455.00) on shares of Microsoft in a report on Friday, April 26th. The Goldman Sachs Group increased their target price on Microsoft from $450.00 to $515.00 and gave the company a “buy” rating in a report on Friday, April 26th. New Street Research began coverage on Microsoft in a research report on Monday, June 10th. They issued a “buy” rating and a $570.00 price target for the company. DA Davidson restated a “buy” rating and issued a $500.00 price target on shares of Microsoft in a research report on Friday, March 15th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research report on Friday, May 24th. Three research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $467.12.

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.