Microsoft Co. (NASDAQ:MSFT) is TruWealth Advisors LLC’s 9th Largest Position

TruWealth Advisors LLC raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 92,158 shares of the software giant’s stock after purchasing an additional 1,514 shares during the period. Microsoft makes up about 2.3% of TruWealth Advisors LLC’s investment portfolio, making the stock its 9th largest holding. TruWealth Advisors LLC’s holdings in Microsoft were worth $21,464,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MSFT. Monumental Financial Group Inc. bought a new stake in Microsoft in the 1st quarter worth about $28,000. Newfound Research LLC boosted its holdings in shares of Microsoft by 25.4% during the 2nd quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock valued at $76,000 after acquiring an additional 60 shares during the last quarter. Darrow Company Inc. bought a new stake in shares of Microsoft in the second quarter worth approximately $82,000. Morgan Dempsey Capital Management LLC purchased a new position in shares of Microsoft during the third quarter valued at approximately $82,000. Finally, Avondale Wealth Management lifted its position in Microsoft by 58.6% during the third quarter. Avondale Wealth Management now owns 406 shares of the software giant’s stock valued at $95,000 after purchasing an additional 150 shares during the period. Institutional investors own 69.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MSFT. Rosenblatt Securities decreased their target price on shares of Microsoft from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, October 27th. Citigroup lowered their target price on Microsoft from $282.00 to $280.00 and set a “buy” rating on the stock in a report on Thursday. Guggenheim cut Microsoft from a “neutral” rating to a “sell” rating and set a $212.00 target price on the stock. in a research report on Tuesday. Moffett Nathanson started coverage on shares of Microsoft in a research report on Thursday, September 22nd. They set a “hold” rating and a $285.00 price target for the company. Finally, The Goldman Sachs Group set a $315.00 price objective on shares of Microsoft in a report on Tuesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-nine have issued a buy rating to the stock. Based on data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and a consensus target price of $288.33.

Insider Activity

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In related news, EVP Judson Althoff sold 24,144 shares of the company’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $254.27, for a total transaction of $6,139,094.88. Following the transaction, the executive vice president now directly owns 150,047 shares in the company, valued at approximately $38,152,450.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.03% of the company’s stock.

Microsoft Stock Down 1.6 %

Shares of NASDAQ MSFT opened at $231.93 on Friday. The stock has a market capitalization of $1.73 trillion, a price-to-earnings ratio of 24.99, a P/E/G ratio of 2.35 and a beta of 0.94. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $315.95. The company has a current ratio of 1.84, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The firm’s 50-day moving average price is $241.84 and its 200-day moving average price is $250.23.

Microsoft (NASDAQ:MSFT – Get Rating) last issued its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.06. The business had revenue of $50.12 billion for the quarter, compared to the consensus estimate of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.27 earnings per share. On average, equities research analysts anticipate that Microsoft Co. will post 9.52 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 9th. Shareholders of record on Wednesday, February 15th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Wednesday, February 15th. Microsoft’s dividend payout ratio (DPR) is 29.31%.

About Microsoft

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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.