Stratos Wealth Advisors LLC Reduces Holdings in Microsoft Co. (NASDAQ:MSFT)

Stratos Wealth Advisors LLC trimmed its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 10.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,630 shares of the software giant’s stock after selling 4,994 shares during the quarter. Microsoft accounts for approximately 1.1% of Stratos Wealth Advisors LLC’s investment portfolio, making the stock its 12th largest position. Stratos Wealth Advisors LLC’s holdings in Microsoft were worth $10,395,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Microsoft by 0.9% during the first quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock worth $191,644,927,000 after purchasing an additional 5,648,095 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Microsoft by 0.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock worth $50,302,677,000 after purchasing an additional 556,020 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Microsoft by 1.5% during the second quarter. Legal & General Group Plc now owns 54,799,110 shares of the software giant’s stock worth $14,074,064,000 after purchasing an additional 784,656 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Microsoft by 2.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 40,130,443 shares of the software giant’s stock worth $10,306,701,000 after purchasing an additional 939,396 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Microsoft by 2.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 39,863,273 shares of the software giant’s stock worth $12,290,246,000 after purchasing an additional 766,487 shares during the last quarter. 69.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Microsoft

In related news, EVP Judson Althoff sold 24,144 shares of the company’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $254.27, for a total value of $6,139,094.88. Following the sale, the executive vice president now owns 150,047 shares in the company, valued at $38,152,450.69. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.03% of the stock is owned by insiders.

Analysts Set New Price Targets

MSFT has been the subject of several research analyst reports. Stifel Nicolaus decreased their target price on Microsoft from $300.00 to $290.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. Piper Sandler decreased their price objective on Microsoft from $265.00 to $247.00 and set an “overweight” rating for the company in a report on Monday, January 9th. Morgan Stanley decreased their price objective on Microsoft from $325.00 to $307.00 and set an “overweight” rating for the company in a report on Wednesday, October 26th. The Goldman Sachs Group set a $315.00 price objective on Microsoft in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Microsoft from $315.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and thirty have given a buy rating to the company. According to MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and a consensus price target of $289.15.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $235.81 on Thursday. The business’s 50 day moving average price is $241.83 and its 200 day moving average price is $250.46. The firm has a market cap of $1.76 trillion, a P/E ratio of 25.41, a P/E/G ratio of 2.35 and a beta of 0.94. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $315.95. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26.

Microsoft (NASDAQ:MSFTGet Rating) last issued its earnings results on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.06. The firm had revenue of $50.12 billion for the quarter, compared to analyst estimates of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. Microsoft’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.27 earnings per share. On average, sell-side analysts expect that Microsoft Co. will post 9.52 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 9th. Investors of record on Wednesday, February 15th will be given a $0.68 dividend. The ex-dividend date is Wednesday, February 15th. This represents a $2.72 dividend on an annualized basis and a yield of 1.15%. Microsoft’s dividend payout ratio is currently 29.31%.

Microsoft Profile

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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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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