Microsoft Co. (NASDAQ:MSFT) is Cetera Advisors LLC’s fourth largest holding

VaselineAugust 26, 2024

0 4 minutes read

Cetera Advisors LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 83.7% in the first quarter, Holdings Channel reports. The firm owned 623,084 shares of the software giant’s stock after buying an additional 283,930 shares during the quarter. Microsoft comprises approximately 2.1% of Cetera Advisors LLC’s holdings, making the stock its 4th largest position. Cetera Advisors LLC’s holdings in Microsoft were worth $262,144,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MSFT. Financial Security Advisor Inc. raised its holdings in shares of Microsoft by 1.7% in the fourth quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock worth $10,255,000 after acquiring an additional 452 shares during the last quarter. Rappaport Reiches Capital Management LLC boosted its holdings in shares of Microsoft by 14.9% during the 4th quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock worth $3,089,000 after purchasing an additional 1,067 shares. of shares in the respective period. Bayesian Capital Management LP boosted its stake in shares of Microsoft by 60.1% during the fourth quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock worth $18,238,000 after acquiring an additional 18,200 shares during the period. Warren Street Wealth Advisors LLC boosted its holdings in shares of Microsoft by 16.5% in the 4th quarter. Warren Street Wealth Advisors LLC now owns 6,767 shares of the software giant’s stock valued at $2,545,000 after purchasing an additional 956 shares during the last quarter. Finally, Czech National Bank raised its stake in shares of Microsoft by 0.4% in the first quarter. Czech National Bank now owns 1,307,487 shares of the software giant’s stock valued at $550,086,000 after purchasing an additional 5,253 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s shares.

Insider buying and selling at Microsoft

In other news, CMO Takeshi Numoto sold 244 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the sale, the chief marketing officer now directly owns 47,011 shares in the company, valued at approximately $19,534,480.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. 0.03% of shares are currently held by insiders.

Microsoft pricing performance

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Shares of NASDAQ MSFT opened at $416.79 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.23, and a debt-to-equity ratio of 0.16. The company has a market cap of $3.10 trillion, a price-to-earnings ratio of 36.09, a price-to-earnings-growth ratio of 2.11 and a beta of 0.90. Microsoft Co. has a twelve month low of $309.45 and a twelve month high of $468.35. The company has a 50-day simple moving average of $435.06 and a 200-day simple moving average of $422.70.

Microsoft (NASDAQ:MSFT – Get Free Report ) last posted its earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.05. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The firm had revenue of $64.73 billion during the quarter, compared to analyst estimates of $64.38 billion. In the same quarter last year, the company earned $2.69 per share. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, equities research analysts expect Microsoft Co. to post 13.04 earnings per share for the current year.

Microsoft announces dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be given a $0.75 dividend. The ex-dividend date is Thursday, August 15. This represents a dividend of $3.00 on an annualized basis and a yield of 0.72%. Microsoft’s dividend payout ratio is currently 25.97%.

Analysts on Wall Street are forecasting an increase

A number of research analysts recently weighed in on MSFT shares. Morgan Stanley cut their price target on Microsoft from $520.00 to $506.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Tigress Financial upped their target price on Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, June 13th. Raymond James restated an “outperform” rating and issued a $480.00 target price (up from $450.00) on shares of Microsoft in a report on Friday, April 26th. Macquarie boosted their price objective on shares of Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Finally, UBS Group cut their price target on shares of Microsoft from $520.00 to $510.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. The stock has an average rating of “Moderate Buy” and an average price target of $494.72, according to MarketBeat .

See the latest stock report on MSFT

About Microsoft

(Free report)

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 on-premises licensing, and other office services.