Stony Point Wealth Management Inc. Has $2.95 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Stony Point Wealth Management Inc. reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 3.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 12,512 shares of the software giant’s stock after selling 419 shares during the period. Microsoft makes up approximately 2.1% of Stony Point Wealth Management Inc.’s holdings, making the stock its 13th biggest holding. Stony Point Wealth Management Inc.’s holdings in Microsoft were worth $2,950,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. CWA Asset Management Group LLC grew its stake in shares of Microsoft by 11.0% in the fourth quarter. CWA Asset Management Group LLC now owns 140,861 shares of the software giant’s stock valued at $31,330,000 after buying an additional 13,911 shares in the last quarter. Everence Capital Management Inc. bought a new position in shares of Microsoft in the first quarter valued at $40,844,000. Thoroughbred Financial Services LLC grew its stake in shares of Microsoft by 6.8% in the fourth quarter. Thoroughbred Financial Services LLC now owns 52,132 shares of the software giant’s stock valued at $11,595,000 after buying an additional 3,315 shares in the last quarter. Pennsylvania Capital Management Inc. ADV grew its stake in shares of Microsoft by 7.5% in the fourth quarter. Pennsylvania Capital Management Inc. ADV now owns 95,986 shares of the software giant’s stock valued at $20,766,000 after buying an additional 6,735 shares in the last quarter. Finally, Stratos Wealth Partners LTD. boosted its position in Microsoft by 0.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 258,755 shares of the software giant’s stock worth $57,553,000 after purchasing an additional 1,077 shares during the period. Hedge funds and other institutional investors own 69.01% of the company’s stock.

A number of equities analysts have commented on MSFT shares. Bank of America lifted their price objective on shares of Microsoft from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, April 27th. Credit Suisse Group lifted their price objective on shares of Microsoft from $265.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 4th. Piper Sandler reissued an “overweight” rating and set a $300.00 target price on shares of Microsoft in a report on Tuesday, February 2nd. Mizuho lifted their target price on Microsoft from $270.00 to $285.00 and gave the stock a “buy” rating in a report on Tuesday, May 4th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $290.00 target price on shares of Microsoft in a report on Wednesday, April 28th. Two equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $287.24.

In other Microsoft news, Director Emma N. Walmsley acquired 4,300 shares of the business’s stock in a transaction dated Wednesday, March 10th. The shares were purchased at an average cost of $236.80 per share, for a total transaction of $1,018,240.00. Following the transaction, the director now owns 5,026 shares in the company, valued at $1,190,156.80. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Christopher C. Capossela sold 1,500 shares of Microsoft stock in a transaction that occurred on Wednesday, May 12th. The stock was sold at an average price of $240.00, for a total value of $360,000.00. Following the completion of the sale, the chief marketing officer now owns 87,703 shares in the company, valued at $21,048,720. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,586 shares of company stock worth $3,899,849. Insiders own 0.05% of the company’s stock.

MSFT stock opened at $248.15 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.49 and a current ratio of 2.53. The company has a market capitalization of $1.87 trillion, a price-to-earnings ratio of 40.09, a PEG ratio of 2.44 and a beta of 0.83. Microsoft Co. has a fifty-two week low of $176.60 and a fifty-two week high of $263.19. The stock has a fifty day moving average of $250.55 and a 200-day moving average of $230.80.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Tuesday, April 27th. The software giant reported $1.95 EPS for the quarter, topping the consensus estimate of $1.76 by $0.19. Microsoft had a return on equity of 40.74% and a net margin of 32.28%. The business had revenue of $41.71 billion during the quarter, compared to the consensus estimate of $40.83 billion. During the same quarter last year, the company earned $1.40 EPS. The firm’s revenue was up 19.1% compared to the same quarter last year. Equities analysts predict that Microsoft Co. will post 6.73 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 10th. Shareholders of record on Thursday, May 20th will be issued a $0.56 dividend. The ex-dividend date is Wednesday, May 19th. This represents a $2.24 annualized dividend and a dividend yield of 0.90%. Microsoft’s payout ratio is currently 38.89%.

About Microsoft

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for small and medium businesses, large organizations, and divisions of enterprises.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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