Microsoft Co. (NASDAQ:MSFT) Holdings Boosted by AWM Capital LLC

AWM Capital LLC boosted its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 97.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 3,081 shares of the software giant’s stock after buying an additional 1,517 shares during the quarter. AWM Capital LLC’s holdings in Microsoft were worth $745,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Walled Lake Planning & Wealth Management LLC increased its position in shares of Microsoft by 0.5% during the second quarter. Walled Lake Planning & Wealth Management LLC now owns 7,369 shares of the software giant’s stock worth $1,893,000 after purchasing an additional 38 shares in the last quarter. Financial Advisors Network Inc. lifted its stake in shares of Microsoft by 1.1% in the 2nd quarter. Financial Advisors Network Inc. now owns 3,482 shares of the software giant’s stock valued at $894,000 after purchasing an additional 39 shares during the last quarter. Donoghue Forlines LLC lifted its stake in shares of Microsoft by 1.6% in the 2nd quarter. Donoghue Forlines LLC now owns 2,598 shares of the software giant’s stock valued at $667,000 after purchasing an additional 40 shares during the last quarter. Rovin Capital UT ADV lifted its stake in Microsoft by 1.1% during the 3rd quarter. Rovin Capital UT ADV now owns 3,747 shares of the software giant’s stock worth $873,000 after acquiring an additional 40 shares in the last quarter. Finally, Fountainhead AM LLC lifted its stake in Microsoft by 1.0% during the 2nd quarter. Fountainhead AM LLC now owns 4,196 shares of the software giant’s stock worth $1,078,000 after acquiring an additional 41 shares in the last quarter. 69.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CMO Christopher C. Capossela sold 1,000 shares of Microsoft stock in a transaction on Monday, February 13th. The stock was sold at an average price of $272.32, for a total value of $272,320.00. Following the completion of the sale, the chief marketing officer now owns 116,362 shares of the company’s stock, valued at $31,687,699.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Satya Nadella sold 4,767 shares of Microsoft stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total value of $1,186,410.96. Following the completion of the sale, the chief executive officer now owns 788,625 shares of the company’s stock, valued at $196,272,990. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Christopher C. Capossela sold 1,000 shares of Microsoft stock in a transaction on Monday, February 13th. The shares were sold at an average price of $272.32, for a total value of $272,320.00. Following the completion of the transaction, the chief marketing officer now owns 116,362 shares in the company, valued at approximately $31,687,699.84. The disclosure for this sale can be found here. Insiders sold a total of 6,767 shares of company stock valued at $1,728,111 over the last quarter. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MSFT shares. Piper Sandler increased their target price on Microsoft from $247.00 to $290.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 8th. Citigroup upped their price target on Microsoft from $280.00 to $282.00 and gave the stock a “buy” rating in a report on Wednesday, January 25th. Rosenblatt Securities cut their price target on Microsoft from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Thursday, January 26th. Raymond James dropped their price objective on Microsoft from $280.00 to $270.00 and set an “outperform” rating on the stock in a report on Wednesday, January 25th. Finally, Oppenheimer increased their price objective on Microsoft from $265.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday, February 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average target price of $285.58.

Microsoft Stock Performance

Microsoft stock opened at $276.20 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.89 and a current ratio of 1.93. The stock has a fifty day moving average of $251.22 and a two-hundred day moving average of $245.45. The company has a market capitalization of $2.06 trillion, a price-to-earnings ratio of 30.69, a PEG ratio of 2.33 and a beta of 0.92. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $315.95.

Microsoft (NASDAQ:MSFT – Get Rating) last released its quarterly earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.05. The company had revenue of $52.75 billion during the quarter, compared to the consensus estimate of $53.17 billion. Microsoft had a return on equity of 39.87% and a net margin of 33.05%. Microsoft’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.48 earnings per share. On average, analysts anticipate that Microsoft Co. will post 9.34 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Shareholders of record on Thursday, May 18th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Wednesday, May 17th. Microsoft’s payout ratio is 30.22%.

Microsoft Profile

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.