Telos Capital Management Inc. Has $13.69 Million Position in Microsoft Co. (NASDAQ:MSFT)

Telos Capital Management Inc. lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,825 shares of the software giant’s stock after selling 218 shares during the period. Microsoft comprises about 1.4% of Telos Capital Management Inc.’s investment portfolio, making the stock its 16th biggest holding. Telos Capital Management Inc.’s holdings in Microsoft were worth $13,694,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Precision Wealth Strategies LLC raised its holdings in shares of Microsoft by 21.6% during the 3rd quarter. Precision Wealth Strategies LLC now owns 5,318 shares of the software giant’s stock valued at $2,288,000 after purchasing an additional 943 shares in the last quarter. Townsend Asset Management Corp NC ADV raised its holdings in shares of Microsoft by 0.3% during the 3rd quarter. Townsend Asset Management Corp NC ADV now owns 20,796 shares of the software giant’s stock valued at $8,948,000 after purchasing an additional 66 shares in the last quarter. Waterway Wealth Management LLC raised its holdings in Microsoft by 6.2% in the 3rd quarter. Waterway Wealth Management LLC now owns 4,587 shares of the software giant’s stock worth $1,974,000 after acquiring an additional 267 shares during the period. Raleigh Capital Management Inc. raised its holdings in Microsoft by 6.9% in the 3rd quarter. Raleigh Capital Management Inc. now owns 12,457 shares of the software giant’s stock worth $5,360,000 after acquiring an additional 800 shares during the period. Finally, Horst & Graben Wealth Management LLC raised its holdings in Microsoft by 1.7% in the 3rd quarter. Horst & Graben Wealth Management LLC now owns 6,123 shares of the software giant’s stock worth $2,635,000 after acquiring an additional 102 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $447.41, for a total value of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. The trade was a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of the business’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 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 over the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several recent analyst reports. TD Cowen dropped their target price on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. JPMorgan Chase & Co. dropped their target price on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a report on Tuesday, November 5th. Wells Fargo & Company reiterated a “buy” rating on shares of Microsoft in a report on Friday, October 18th. Finally, StockNews.com upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $505.43.

Microsoft Price Performance

NASDAQ:MSFT opened at $447.27 on Monday. The firm has a market cap of $3.33 trillion, a PE ratio of 36.90, a price-to-earnings-growth ratio of 2.38 and a beta of 0.90. Microsoft Co. has a 12 month low of $364.13 and a 12 month high of $468.35. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The company’s 50-day moving average price is $424.16 and its two-hundred day moving average price is $427.61.

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

Microsoft declared that its Board of Directors has authorized a share buyback program on Monday, September 16th that authorizes the company to repurchase $60.00 billion in shares. This repurchase authorization authorizes the software giant to repurchase up to 1.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a $0.83 dividend. 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 0.74%. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

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.