Alpha Omega Wealth Management LLC Sells 587 Shares of Microsoft Co. (NASDAQ:MSFT)

Posted by MarketBeat News on Aug 6th, 2022

Alpha Omega Wealth Management LLC decreased its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.9% during the 1st quarter, HoldingsChannel reports. The fund owned 67,653 shares of the software giant’s stock after selling 587 shares during the quarter. Microsoft comprises approximately 3.3% of Alpha Omega Wealth Management LLC’s portfolio, making the stock its 3rd biggest holding. Alpha Omega Wealth Management LLC’s holdings in Microsoft were worth $20,858,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of MSFT. Shore Point Advisors LLC acquired a new position in Microsoft in the fourth quarter valued at about $40,000. Tobam lifted its position in Microsoft by 15,400.0% in the first quarter. Tobam now owns 155 shares of the software giant’s stock valued at $48,000 after buying an additional 154 shares during the last quarter. Artemis Wealth Advisors LLC acquired a new position in Microsoft in the first quarter valued at about $68,000. Castle Financial & Retirement Planning Associates Inc. acquired a new position in Microsoft in the fourth quarter valued at about $80,000. Finally, Evolution Advisers Inc. acquired a new position in Microsoft in the fourth quarter valued at about $84,000. Institutional investors and hedge funds own 69.99% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT opened at $282.91 on Friday. The stock has a 50 day moving average price of $262.96 and a 200 day moving average price of $280.24. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $2.11 trillion, a price-to-earnings ratio of 29.35, a price-to-earnings-growth ratio of 2.38 and a beta of 0.93. Microsoft Co. has a 52-week low of $241.51 and a 52-week high of $349.67.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.06). Microsoft had a net margin of 36.69% and a return on equity of 43.31%. During the same period last year, the company earned $2.17 earnings per share. Research analysts predict that Microsoft Co. will post 10.14 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s dividend payout ratio is presently 25.73%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Fundamental Research reaffirmed a “hold” rating and issued a $280.50 target price on shares of Microsoft in a research report on Wednesday. Jefferies Financial Group decreased their target price on shares of Microsoft from $325.00 to $320.00 in a research report on Monday, June 13th. Redburn Partners began coverage on shares of Microsoft in a research report on Wednesday, June 29th. They issued a “buy” rating and a $370.00 target price on the stock. KeyCorp cut their price target on shares of Microsoft from $373.00 to $330.00 and set an “overweight” rating on the stock in a research note on Thursday, July 7th. Finally, The Goldman Sachs Group set a $365.00 price target on shares of Microsoft in a research note on Wednesday, April 27th. One analyst has rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average target price of $335.72.

Microsoft Company Profile

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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.