Microsoft Co. (NASDAQ:MSFT) is Miller Wealth Advisors LLC’s 5th Largest Position

Miller Wealth Advisors LLC trimmed its position in Microsoft Co. (NASDAQ:MSFT) by 1.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,791 shares of the software giant’s stock after selling 681 shares during the period. Microsoft makes up about 10.7% of Miller Wealth Advisors LLC’s holdings, making the stock its 5th biggest position. Miller Wealth Advisors LLC’s holdings in Microsoft were worth $19,499,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Armor Investment Advisors LLC grew its holdings in Microsoft by 6.9% during the third quarter. Armor Investment Advisors LLC now owns 4,884 shares of the software giant’s stock worth $2,102,000 after acquiring an additional 316 shares during the period. Harvest Portfolios Group Inc. boosted its position in shares of Microsoft by 34.4% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 124,415 shares of the software giant’s stock worth $53,536,000 after purchasing an additional 31,878 shares in the last quarter. Benchmark Financial Wealth Advisors LLC boosted its position in shares of Microsoft by 8.1% during the 3rd quarter. Benchmark Financial Wealth Advisors LLC now owns 11,604 shares of the software giant’s stock worth $4,993,000 after purchasing an additional 874 shares in the last quarter. Radnor Capital Management LLC acquired a new position in shares of Microsoft during the 3rd quarter worth $12,882,000. Finally, Leslie Global Wealth LLC increased its holdings in shares of Microsoft by 13.8% in the 3rd quarter. Leslie Global Wealth LLC now owns 2,791 shares of the software giant’s stock valued at $1,201,000 after purchasing an additional 338 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction that occurred on 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 sale, the executive vice president now owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the completion of the transaction, the chief marketing officer now directly owns 57,511 shares of the company’s stock, valued at approximately $23,850,961.92. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,200 shares of company stock valued at $17,383,892 over the last three months. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the topic of several research analyst reports. DA Davidson lowered Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price target on the stock. in a research note on Monday, September 23rd. Stifel Nicolaus boosted their target price on Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Oppenheimer cut Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. StockNews.com upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Monday. Finally, TD Cowen lowered their price objective on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $511.62.

Microsoft Stock Down 1.3 %

MSFT stock opened at $422.37 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The firm has a 50 day simple moving average of $428.45 and a 200-day simple moving average of $427.79. The company has a market capitalization of $3.14 trillion, a P/E ratio of 34.85, a PEG ratio of 2.37 and a beta of 0.90. Microsoft Co. has a twelve month low of $369.01 and a twelve month high of $468.35.

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

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

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.79%. Microsoft’s dividend payout ratio is currently 27.39%.

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.