One Wealth Management Investment & Advisory Services LLC Trims Holdings in Microsoft Co. (NASDAQ:MSFT)

One Wealth Management Investment & Advisory Services LLC cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 43.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 11,329 shares of the software giant’s stock after selling 8,830 shares during the period. Microsoft comprises approximately 8.5% of One Wealth Management Investment & Advisory Services LLC’s portfolio, making the stock its 4th largest holding. One Wealth Management Investment & Advisory Services LLC’s holdings in Microsoft were worth $4,875,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Christopher J. Hasenberg Inc grew its position in Microsoft by 169.2% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after acquiring an additional 44 shares during the last quarter. Quarry LP purchased a new stake in shares of Microsoft during the second quarter valued at approximately $45,000. Innealta Capital LLC bought a new position in shares of Microsoft in the second quarter worth approximately $75,000. Carolina Wealth Advisors LLC increased its stake in shares of Microsoft by 10.1% in the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after buying an additional 31 shares during the period. Finally, MayTech Global Investments LLC bought a new stake in Microsoft during the 2nd quarter valued at $200,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following 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 trade represents a 6.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Takeshi Numoto sold 1,000 shares of the company’s stock in a transaction dated 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 sale, the chief marketing officer now 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. Over the last three months, insiders have sold 41,200 shares of company stock valued at $17,383,892. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of recent analyst reports. Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a report on Friday, October 18th. The Goldman Sachs Group reduced their price target on Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. DA Davidson cut Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective for the company. in a report on Monday, September 23rd. Cantor Fitzgerald started coverage on Microsoft in a research note on Friday. They set an “overweight” rating and a $509.00 target price on the stock. Finally, Loop Capital raised their price target on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Three research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $512.93.

Microsoft Stock Up 1.0 %

NASDAQ:MSFT opened at $429.03 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The firm has a market cap of $3.19 trillion, a P/E ratio of 35.40, a P/E/G ratio of 2.22 and a beta of 0.90. Microsoft Co. has a fifty-two week low of $385.58 and a fifty-two week high of $468.35. The firm has a 50-day simple moving average of $429.32 and a two-hundred day simple moving average of $426.58.

Microsoft (NASDAQ:MSFT) last posted 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 return on equity of 34.56% and a net margin of 35.61%. The firm had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. During the same quarter in the previous year, the business earned $2.99 earnings per share. The company’s revenue was up 16.0% on a year-over-year basis. Analysts predict that Microsoft Co. will post 12.92 earnings per share for the current fiscal 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 issued a $0.83 dividend. 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 dividend payout ratio is 27.39%.

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.