Kingsview Wealth Management LLC Grows Stock Position in Microsoft Co. (NASDAQ:MSFT)

Kingsview Wealth Management LLC grew its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 210,505 shares of the software giant’s stock after purchasing an additional 1,871 shares during the period. Microsoft comprises about 1.9% of Kingsview Wealth Management LLC’s holdings, making the stock its 7th largest holding. Kingsview Wealth Management LLC’s holdings in Microsoft were worth $90,580,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Christopher J. Hasenberg Inc increased its holdings in shares of Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after buying an additional 25 shares during the period. Quarry LP bought a new stake in Microsoft in the 2nd quarter worth $45,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Microsoft in the third quarter valued at about $62,000. Innealta Capital LLC bought a new position in Microsoft during the 2nd quarter valued at approximately $75,000. Finally, Carolina Wealth Advisors LLC boosted its holdings in Microsoft by 10.1% in the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after acquiring an additional 31 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CMO Takeshi Numoto sold 1,000 shares of the business’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 transaction, the chief marketing officer now directly owns 57,511 shares in the company, valued at $23,850,961.92. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 103,366 shares in the company, 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 41,200 shares of company stock worth $17,383,892 in the last three months. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on MSFT shares. Truist Financial restated a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a report on Monday, October 28th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a report on Tuesday, November 5th. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Piper Sandler reiterated an “overweight” rating and issued a $520.00 price objective on shares of Microsoft in a report on Monday. Finally, 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. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus target price of $512.66.

Microsoft Stock Down 1.1 %

MSFT opened at $442.33 on Thursday. The firm’s 50 day simple moving average is $432.01 and its two-hundred day simple moving average is $425.03. The company has a market capitalization of $3.29 trillion, a PE ratio of 36.50, a PEG ratio of 2.40 and a beta of 0.90. Microsoft Co. has a 1-year low of $385.58 and a 1-year 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.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. During the same quarter in the prior year, the firm earned $2.93 EPS. As a group, equities analysts forecast that Microsoft Co. will post 12.9 EPS for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.75%. Microsoft’s dividend payout ratio (DPR) is presently 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.