Angeles Investment Advisors LLC Trims Stake in Microsoft Co. (NASDAQ:MSFT)

Angeles Investment Advisors LLC decreased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 5.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 14,077 shares of the software giant’s stock after selling 820 shares during the quarter. Microsoft comprises 0.3% of Angeles Investment Advisors LLC’s holdings, making the stock its 23rd biggest position. Angeles Investment Advisors LLC’s holdings in Microsoft were worth $6,057,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Christopher J. Hasenberg Inc lifted its stake in shares of Microsoft by 169.2% in 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 period. Quarry LP acquired a new stake in Microsoft in the second quarter valued at about $45,000. Innealta Capital LLC purchased a new stake in Microsoft in the 2nd quarter valued at approximately $75,000. Carolina Wealth Advisors LLC increased its position in Microsoft by 10.1% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after purchasing an additional 31 shares during the period. Finally, MayTech Global Investments LLC acquired a new stake in shares of Microsoft in the 2nd quarter valued at approximately $200,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MSFT shares. BMO Capital Markets cut their price target on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. The Goldman Sachs Group reduced their price target on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Oppenheimer cut Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Sanford C. Bernstein decreased their target price on Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, DA Davidson cut Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price target for the company. in a research report on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $512.93.

Insider Activity

In related news, 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 sale, the chief marketing officer now directly owns 57,511 shares in the company, valued at approximately $23,850,961.92. This represents a 1.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $417.00, for a total value of $10,425,000.00. Following the transaction, the executive vice president now owns 117,294 shares in the company, valued at approximately $48,911,598. This represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,200 shares of company stock valued at $17,383,892. Company insiders own 0.03% of the company’s stock.

Microsoft Trading Up 1.0 %

Shares of MSFT opened at $429.03 on Friday. The stock’s fifty day simple moving average is $429.32 and its 200 day simple moving average is $426.58. Microsoft Co. has a twelve month low of $385.58 and a twelve month high of $468.35. 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 market capitalization of $3.19 trillion, a P/E ratio of 35.40, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. The company had revenue of $65.59 billion for the quarter, compared to the consensus estimate of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the business posted $2.99 EPS. On average, equities research analysts forecast that Microsoft Co. will post 12.92 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s payout ratio is currently 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.