Microsoft Co. (NASDAQ:MSFT) is Channel Wealth LLC’s 3rd Largest Position

Channel Wealth LLC lifted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 18.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,163 shares of the software giant’s stock after acquiring an additional 4,002 shares during the quarter. Microsoft accounts for about 3.6% of Channel Wealth LLC’s holdings, making the stock its 3rd biggest position. Channel Wealth LLC’s holdings in Microsoft were worth $11,028,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. BCK Partners Inc. grew its stake in shares of Microsoft by 1.8% during the third quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock valued at $582,000 after acquiring an additional 24 shares in the last quarter. Conscious Wealth Investments LLC boosted its holdings in Microsoft by 0.4% in the second quarter. Conscious Wealth Investments LLC now owns 6,986 shares of the software giant’s stock valued at $3,108,000 after purchasing an additional 25 shares during the last quarter. Global Wealth Strategies & Associates grew its stake in Microsoft by 0.8% during the 3rd quarter. Global Wealth Strategies & Associates now owns 2,997 shares of the software giant’s stock valued at $1,290,000 after purchasing an additional 25 shares in the last quarter. Christopher J. Hasenberg Inc increased its holdings in Microsoft by 35.7% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after purchasing an additional 25 shares during the last quarter. Finally, Sequent Asset Management LLC raised its position in shares of Microsoft by 1.3% in the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock valued at $853,000 after purchasing an additional 25 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Performance

MSFT opened at $392.53 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $421.47 and its 200-day moving average is $422.79. The stock has a market cap of $2.92 trillion, a PE ratio of 31.60, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. Microsoft Co. has a twelve month low of $385.58 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the prior year, the company posted $2.93 EPS. On average, analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s payout ratio is currently 26.73%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. DA Davidson reissued a “neutral” rating and set a $425.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Mizuho decreased their price objective on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. JPMorgan Chase & Co. cut their target price on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. StockNews.com raised shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $510.96.

Insiders Place Their Bets

In related news, CMO Takeshi Numoto sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $437.32, for a total transaction of $874,640.00. Following the transaction, the chief marketing officer now owns 51,852 shares in the company, valued at $22,675,916.64. This trade represents a 3.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders have sold 7,000 shares of company stock worth $3,070,340. 0.03% of the stock is owned by corporate insiders.

Microsoft Company Profile

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.