Twin Peaks Wealth Advisors LLC Has $5.44 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Twin Peaks Wealth Advisors LLC lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,637 shares of the software giant’s stock after selling 229 shares during the quarter. Microsoft accounts for 2.5% of Twin Peaks Wealth Advisors LLC’s investment portfolio, making the stock its 10th largest position. Twin Peaks Wealth Advisors LLC’s holdings in Microsoft were worth $5,438,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. WFA Asset Management Corp increased its stake in shares of Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after purchasing an additional 216 shares in the last quarter. Norman Fields Gottscho Capital Management LLC boosted its holdings in shares of Microsoft by 16.2% in the second quarter. Norman Fields Gottscho Capital Management LLC now owns 4,059 shares of the software giant’s stock worth $1,893,000 after acquiring an additional 565 shares during the period. ACT Wealth Management LLC grew its position in shares of Microsoft by 4.7% in the second quarter. ACT Wealth Management LLC now owns 3,622 shares of the software giant’s stock valued at $1,619,000 after purchasing an additional 164 shares in the last quarter. Warther Private Wealth LLC grew its position in shares of Microsoft by 4.9% in the second quarter. Warther Private Wealth LLC now owns 35,272 shares of the software giant’s stock valued at $15,765,000 after purchasing an additional 1,634 shares in the last quarter. Finally, Bourgeon Capital Management LLC lifted its holdings in Microsoft by 1.2% during the 2nd quarter. Bourgeon Capital Management LLC now owns 52,516 shares of the software giant’s stock worth $23,472,000 after purchasing an additional 628 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Performance

Shares of MSFT opened at $430.53 on Monday. Microsoft Co. has a one year low of $366.50 and a one year high of $468.35. The business has a fifty day moving average of $428.90 and a 200 day moving average of $428.85. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. The firm has a market capitalization of $3.20 trillion, a P/E ratio of 35.52, a PEG ratio of 2.37 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. During the same quarter last year, the company posted $2.99 EPS. The company’s revenue was up 16.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s payout ratio is 27.39%.

Microsoft announced that its board has authorized a stock buyback plan on Monday, September 16th that authorizes the company to buyback $60.00 billion in shares. This buyback authorization authorizes the software giant to buy up to 1.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MSFT shares. Oppenheimer cut Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Loop Capital increased their price objective on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Morgan Stanley lifted their price target on Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Piper Sandler reiterated an “overweight” rating and issued a $470.00 target price on shares of Microsoft in a research report on Thursday, October 31st. Finally, Mizuho upped their price objective on shares of Microsoft from $480.00 to $510.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $509.90.

Insider Transactions at Microsoft

In other news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $417.00, for a total value of $10,425,000.00. Following the sale, the executive vice president now directly owns 117,294 shares in the company, valued at $48,911,598. The trade was a 17.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total value of $414,720.00. Following the completion of the sale, the chief marketing officer now directly owns 57,511 shares of the company’s stock, valued at $23,850,961.92. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock valued at $17,383,892 over the last three months. Corporate insiders own 0.03% of the company’s stock.

About Microsoft

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.