Microsoft Co. (NASDAQ:MSFT) Stock Position Trimmed by Oxinas Partners Wealth Management LLC

Oxinas Partners Wealth Management LLC cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 10,175 shares of the software giant’s stock after selling 182 shares during the quarter. Microsoft accounts for approximately 3.0% of Oxinas Partners Wealth Management LLC’s investment portfolio, making the stock its 7th biggest holding. Oxinas Partners Wealth Management LLC’s holdings in Microsoft were worth $4,548,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MSFT. Swedbank AB purchased a new position in Microsoft in the first quarter valued at approximately $5,587,119,000. Vanguard Group Inc. lifted its position in shares of Microsoft by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant’s stock valued at $281,035,506,000 after buying an additional 3,078,099 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Microsoft by 77.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,281,925 shares of the software giant’s stock worth $2,642,931,000 after acquiring an additional 2,744,900 shares during the period. Global Assets Advisory LLC purchased a new stake in Microsoft in the 1st quarter worth about $989,814,000. Finally, M&G Plc bought a new stake in Microsoft in the 1st quarter valued at about $846,072,000. 71.13% of the stock is currently owned by institutional investors.

Microsoft Trading Up 0.1 %

MSFT stock opened at $416.72 on Friday. Microsoft Co. has a one year low of $324.39 and a one year high of $468.35. The company has a market capitalization of $3.10 trillion, a PE ratio of 36.08, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The company’s 50 day moving average price is $419.42 and its two-hundred day moving average price is $424.54. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.05. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The business had revenue of $64.73 billion during the quarter, compared to the consensus estimate of $64.38 billion. During the same period in the previous year, the firm posted $2.69 earnings per share. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, analysts predict that Microsoft Co. will post 13.02 earnings per share for the current fiscal year.

Microsoft declared that its Board of Directors has initiated a share buyback plan 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 shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a $0.83 dividend. This is a boost from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Thursday, November 21st. Microsoft’s payout ratio is 28.74%.

Insider Buying and Selling at Microsoft

In other news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total value of $1,027,600.00. Following the transaction, the chief marketing officer now owns 50,000 shares in the company, valued at approximately $20,552,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the completion of the sale, the chief marketing officer now directly owns 50,000 shares in the company, valued at approximately $20,552,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Satya Nadella sold 78,353 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total value of $32,017,386.39. Following the transaction, the chief executive officer now owns 864,327 shares in the company, valued at approximately $353,189,942.01. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 190,629 shares of company stock worth $77,916,485. 0.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on MSFT. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research report on Wednesday, July 31st. Oppenheimer downgraded shares of Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Citigroup dropped their target price on Microsoft from $520.00 to $500.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Morgan Stanley reiterated an “overweight” rating and issued a $506.00 price target on shares of Microsoft in a research report on Tuesday, September 17th. Finally, Wells Fargo & Company increased their price objective on Microsoft from $500.00 to $515.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $495.68.

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.