Elevated Capital Advisors LLC Grows Stock Position in Microsoft Co. (NASDAQ:MSFT)

Elevated Capital Advisors LLC boosted its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 23.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,710 shares of the software giant's stock after acquiring an additional 3,783 shares during the quarter. Microsoft accounts for 2.3% of Elevated Capital Advisors LLC's portfolio, making the stock its 6th largest position. Elevated Capital Advisors LLC's holdings in Microsoft were worth $8,308,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BCK Partners Inc. increased its stake in Microsoft by 1.8% in 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 during the last quarter. Conscious Wealth Investments LLC boosted its holdings in shares of Microsoft by 0.4% in the 2nd quarter. Conscious Wealth Investments LLC now owns 6,986 shares of the software giant's stock worth $3,108,000 after purchasing an additional 25 shares in the last quarter. Global Wealth Strategies & Associates increased its position in shares of 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 during the last quarter. Christopher J. Hasenberg Inc raised its holdings in shares of Microsoft by 35.7% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant's stock valued at $39,000 after buying an additional 25 shares in the last quarter. Finally, Sequent Asset Management LLC raised its holdings in shares of Microsoft by 1.3% during the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant's stock valued at $853,000 after buying an additional 25 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on MSFT shares. UBS Group reduced their price target on shares of Microsoft from $525.00 to $510.00 and set a "buy" rating on the stock in a research report on Thursday, January 30th. TD Cowen reduced their target price on shares of Microsoft from $495.00 to $475.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. Truist Financial reissued a "buy" rating and issued a $600.00 price target on shares of Microsoft in a research note on Monday, October 28th. Sanford C. Bernstein reduced their price objective on Microsoft from $501.00 to $500.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Finally, Wedbush reissued an "outperform" rating and issued a $550.00 target price on shares of Microsoft in a research note on Tuesday, November 19th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $510.96.

Microsoft Stock Down 1.9 %

Shares of MSFT stock traded down $7.88 during mid-day trading on Friday, reaching $408.25. 27,440,364 shares of the company's stock traded hands, compared to its average volume of 22,515,041. The company's 50-day moving average price is $425.98 and its 200-day moving average price is $422.79. The company has a market cap of $3.03 trillion, a P/E ratio of 32.87, a P/E/G ratio of 2.20 and a beta of 0.90. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 12 month low of $385.58 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter last year, the company earned $2.93 EPS. On average, equities analysts expect that Microsoft Co. will post 13.07 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Thursday, February 20th. Microsoft's dividend payout ratio is presently 26.73%.

Insider Buying and Selling

In other Microsoft news, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $423.48, for a total value of $423,480.00. Following the completion of the transaction, the chief marketing officer now directly owns 56,511 shares of the company's stock, valued at approximately $23,931,278.28. The trade was a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 8,000 shares of company stock worth $3,493,820 in the last quarter. Corporate insiders own 0.03% of the company's stock.

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.