Opal Wealth Advisors LLC Has $2.05 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Opal Wealth Advisors LLC grew its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 8,545 shares of the software giant’s stock after acquiring an additional 105 shares during the quarter. Microsoft comprises about 1.1% of Opal Wealth Advisors LLC’s investment portfolio, making the stock its 11th biggest position. Opal Wealth Advisors LLC’s holdings in Microsoft were worth $2,049,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Microsoft by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock worth $147,714,197,000 after buying an additional 6,129,708 shares in the last quarter. State Street Corp grew its position in Microsoft by 0.7% in the third quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock valued at $68,824,173,000 after acquiring an additional 1,951,554 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Microsoft by 0.3% in 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 acquiring an additional 556,020 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Microsoft by 0.4% in the 3rd quarter. Alliancebernstein L.P. now owns 49,440,386 shares of the software giant’s stock valued at $11,514,665,000 after purchasing an additional 208,765 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Microsoft by 0.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 40,345,546 shares of the software giant’s stock valued at $9,396,477,000 after purchasing an additional 215,103 shares during the last quarter. Institutional investors own 69.15% of the company’s stock.

Insider Transactions at Microsoft

In related news, CEO Satya Nadella sold 4,767 shares of Microsoft stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the transaction, 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 legal filing with the SEC, which can be accessed through this link. In other Microsoft news, EVP Judson Althoff sold 30,000 shares of Microsoft stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $306.09, for a total transaction of $9,182,700.00. Following the transaction, the executive vice president now owns 117,456 shares of the company’s stock, valued at approximately $35,952,107.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Satya Nadella sold 4,767 shares of the company’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total value of $1,186,410.96. Following the completion of the transaction, the chief executive officer now directly owns 788,625 shares of the company’s stock, valued at $196,272,990. The disclosure for this sale can be found here. Insiders sold a total of 49,848 shares of company stock valued at $15,050,877 over the last ninety days. 0.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MSFT. Sanford C. Bernstein raised their target price on shares of Microsoft from $280.00 to $322.00 in a research report on Monday, April 24th. Stifel Nicolaus boosted their price objective on Microsoft from $310.00 to $320.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Evercore ISI increased their target price on Microsoft from $295.00 to $337.00 in a research report on Wednesday, April 26th. BNP Paribas cut Microsoft from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $310.00 to $300.00 in a report on Monday, April 24th. Finally, Bank of America lifted their target price on shares of Microsoft from $320.00 to $340.00 in a research report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirty-two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.28.

Microsoft Price Performance

Shares of MSFT opened at $314.00 on Thursday. The business’s fifty day moving average is $288.14 and its 200 day moving average is $260.15. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $314.43. The company has a quick ratio of 1.88, a current ratio of 1.91 and a debt-to-equity ratio of 0.22. The stock has a market cap of $2.33 trillion, a P/E ratio of 34.02, a P/E/G ratio of 2.74 and a beta of 0.93.

Microsoft (NASDAQ:MSFT – Get Rating) last released its quarterly earnings data on Tuesday, April 25th. The software giant reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. The firm had revenue of $52.86 billion for the quarter, compared to analyst estimates of $51.01 billion. Microsoft had a net margin of 33.25% and a return on equity of 38.98%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $2.22 earnings per share. Sell-side analysts anticipate that Microsoft Co. will post 9.66 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Shareholders of record on Thursday, May 18th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Wednesday, May 17th. Microsoft’s dividend payout ratio is currently 29.47%.

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.