Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Northeast Financial Group Inc.

Northeast Financial Group Inc. increased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 4.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,239 shares of the software giant’s stock after purchasing an additional 125 shares during the quarter. Northeast Financial Group Inc.’s holdings in Microsoft were worth $1,363,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of MSFT. Strategic Financial Concepts LLC grew its holdings in Microsoft by 3.4% during the 3rd quarter. Strategic Financial Concepts LLC now owns 5,184 shares of the software giant’s stock valued at $1,637,000 after buying an additional 172 shares during the last quarter. Hirtle Callaghan & Co LLC boosted its stake in shares of Microsoft by 0.5% during the third quarter. Hirtle Callaghan & Co LLC now owns 33,215 shares of the software giant’s stock valued at $10,488,000 after acquiring an additional 152 shares during the last quarter. Kestra Private Wealth Services LLC increased its position in Microsoft by 11.2% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 257,791 shares of the software giant’s stock worth $81,398,000 after purchasing an additional 25,893 shares in the last quarter. Keystone Financial Services raised its stake in Microsoft by 6.5% in the 3rd quarter. Keystone Financial Services now owns 2,339 shares of the software giant’s stock valued at $739,000 after purchasing an additional 142 shares during the last quarter. Finally, Valmark Advisers Inc. lifted its holdings in Microsoft by 4.9% in the 3rd quarter. Valmark Advisers Inc. now owns 55,344 shares of the software giant’s stock valued at $17,475,000 after purchasing an additional 2,569 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Stock Performance

NASDAQ:MSFT opened at $460.77 on Thursday. Microsoft Co. has a 1-year low of $309.45 and a 1-year high of $461.02. The stock has a market cap of $3.42 trillion, a P/E ratio of 39.89, a PEG ratio of 2.36 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. The firm has a 50-day moving average of $426.26 and a two-hundred day moving average of $411.42.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. The firm had revenue of $61.86 billion during the quarter, compared to analyst estimates of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. Microsoft’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.45 EPS. On average, research analysts expect that Microsoft Co. will post 11.77 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.75 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.65%. Microsoft’s dividend payout ratio (DPR) is 25.97%.

Insiders Place Their Bets

In related news, CMO Takeshi Numoto sold 322 shares of Microsoft stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $416.60, for a total value of $134,145.20. Following the completion of the transaction, the chief marketing officer now directly owns 47,255 shares in the company, valued at $19,686,433. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Microsoft news, CMO Takeshi Numoto sold 322 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $416.60, for a total transaction of $134,145.20. Following the transaction, the chief marketing officer now owns 47,255 shares of the company’s stock, valued at approximately $19,686,433. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the transaction, the executive vice president now owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. Insiders sold a total of 25,566 shares of company stock valued at $10,877,535 in the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on MSFT shares. DA Davidson reissued a “buy” rating and issued a $500.00 price objective on shares of Microsoft in a research report on Friday, March 15th. Macquarie boosted their price target on Microsoft from $460.00 to $475.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Sanford C. Bernstein raised their price objective on Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Wells Fargo & Company increased their target price on Microsoft from $480.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Finally, Raymond James restated an “outperform” rating and issued a $480.00 price target (up previously from $450.00) on shares of Microsoft in a report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $467.12.

About Microsoft

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.