FOCUS Wealth Advisors LLC Has $1.68 Million Position in Microsoft Co. (NASDAQ:MSFT)

FOCUS Wealth Advisors LLC boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,527 shares of the software giant’s stock after acquiring an additional 103 shares during the quarter. Microsoft makes up approximately 1.1% of FOCUS Wealth Advisors LLC’s portfolio, making the stock its 20th largest holding. FOCUS Wealth Advisors LLC’s holdings in Microsoft were worth $1,676,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. MJP Associates Inc. ADV lifted its stake in shares of Microsoft by 2.9% in the second quarter. MJP Associates Inc. ADV now owns 11,586 shares of the software giant’s stock worth $2,976,000 after buying an additional 331 shares during the last quarter. Hurlow Wealth Management Group Inc. lifted its stake in shares of Microsoft by 1.5% in the second quarter. Hurlow Wealth Management Group Inc. now owns 26,078 shares of the software giant’s stock worth $6,698,000 after buying an additional 376 shares during the last quarter. West Coast Financial LLC lifted its stake in shares of Microsoft by 1.1% in the second quarter. West Coast Financial LLC now owns 55,332 shares of the software giant’s stock worth $14,211,000 after buying an additional 578 shares during the last quarter. Windward Capital Management Co. CA lifted its stake in shares of Microsoft by 0.6% in the second quarter. Windward Capital Management Co. CA now owns 30,227 shares of the software giant’s stock worth $7,763,000 after buying an additional 192 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in shares of Microsoft by 6.3% in the second quarter. State of Alaska Department of Revenue now owns 1,300,663 shares of the software giant’s stock worth $334,048,000 after buying an additional 77,455 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

Insider Buying and Selling

In related news, CMO Christopher C. Capossela sold 5,000 shares of the company’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $266.25, for a total value of $1,331,250.00. Following the completion of the transaction, the chief marketing officer now directly owns 109,837 shares of the company’s stock, valued at approximately $29,244,101.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.05% of the company’s stock.

Microsoft Stock Down 1.4 %

Shares of NASDAQ:MSFT opened at $238.95 on Thursday. The company has a 50 day moving average price of $267.91 and a two-hundred day moving average price of $272.92. The company has a market capitalization of $1.78 trillion, a PE ratio of 24.79, a PEG ratio of 2.06 and a beta of 0.94. Microsoft Co. has a 52 week low of $238.90 and a 52 week high of $349.67. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78.

Microsoft (NASDAQ:MSFTGet 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 the consensus estimate of $2.28 by ($0.05). The firm had revenue of $51.87 billion during the quarter, compared to analyst estimates of $52.31 billion. Microsoft had a net margin of 36.69% and a return on equity of 43.31%. During the same period last year, the firm earned $2.17 EPS. Analysts forecast that Microsoft Co. will post 10.15 earnings per share for the current year.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be paid a $0.68 dividend. The ex-dividend date is Wednesday, November 16th. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 dividend on an annualized basis and a yield of 1.14%. Microsoft’s dividend payout ratio is presently 25.73%.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of analyst reports. Piper Sandler reduced their price objective on shares of Microsoft from $352.00 to $312.00 and set an “overweight” rating for the company in a research note on Friday, July 8th. Wedbush cut their target price on shares of Microsoft from $340.00 to $320.00 and set an “outperform” rating for the company in a research note on Wednesday, July 27th. KeyCorp cut their target price on shares of Microsoft from $373.00 to $330.00 and set an “overweight” rating for the company in a research note on Thursday, July 7th. BMO Capital Markets upped their target price on shares of Microsoft from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, July 27th. Finally, UBS Group set a $330.00 target price on shares of Microsoft in a research note on Thursday, September 15th. Two equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $334.31.

About Microsoft

(Get Rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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