Microsoft Co. (NASDAQ:MSFT) Shares Bought by TSA Wealth Managment LLC

TSA Wealth Managment LLC lifted its holdings in Microsoft Co. (NASDAQ:MSFT) by 16.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 1,843 shares of the software giant’s stock after buying an additional 263 shares during the quarter. TSA Wealth Managment LLC’s holdings in Microsoft were worth $824,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in MSFT. Vanguard Group Inc. boosted its stake in shares of Microsoft by 0.5% in the first quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant’s stock valued at $281,035,506,000 after purchasing an additional 3,078,099 shares during the period. Norges Bank purchased a new position in shares of Microsoft in the fourth quarter valued at $35,920,047,000. Capital International Investors boosted its stake in shares of Microsoft by 1.0% in the first quarter. Capital International Investors now owns 83,571,070 shares of the software giant’s stock valued at $35,160,020,000 after purchasing an additional 842,884 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Microsoft by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 25,381,692 shares of the software giant’s stock valued at $9,544,532,000 after purchasing an additional 403,409 shares during the period. Finally, Swedbank AB boosted its stake in shares of Microsoft by 2.7% in the second quarter. Swedbank AB now owns 13,640,068 shares of the software giant’s stock valued at $6,096,428,000 after purchasing an additional 360,171 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Activity at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $402.59, for a total value of $16,103,600.00. Following the completion of the sale, the insider now directly owns 544,847 shares in the company, valued at $219,349,953.73. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Bradford L. Smith sold 40,000 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $402.59, for a total value of $16,103,600.00. Following the sale, the insider now owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kathleen T. Hogan sold 17,378 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $411.85, for a total value of $7,157,129.30. Following the completion of the sale, the executive vice president now owns 150,161 shares of the company’s stock, valued at approximately $61,843,807.85. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 190,629 shares of company stock worth $77,916,485 over the last quarter. 0.03% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MSFT shares. Bank of America upped their target price on shares of Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research note on Wednesday, July 31st. Truist Financial reiterated a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research note on Monday, June 17th. Argus increased their price objective on shares of Microsoft from $475.00 to $526.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Finally, Wedbush reiterated an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $493.94.

Microsoft Stock Down 0.1 %

MSFT opened at $416.06 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27. Microsoft Co. has a 12 month low of $314.90 and a 12 month high of $468.35. The stock’s 50 day moving average price is $418.32 and its 200 day moving average price is $425.01. The stock has a market cap of $3.09 trillion, a P/E ratio of 36.02, a P/E/G ratio of 2.30 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.90 by $0.05. The company had revenue of $64.73 billion for the quarter, compared to analyst estimates of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period last year, the company earned $2.69 earnings per share. As a group, research analysts predict that Microsoft Co. will post 13.04 earnings per share for the current year.

Microsoft announced that its board has approved a stock repurchase plan on Monday, September 16th that allows the company to buyback $60.00 billion in shares. This buyback authorization allows the software giant to purchase up to 1.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Microsoft Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a $0.83 dividend. The ex-dividend date is Thursday, November 21st. This is a boost from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a dividend yield of 0.80%. Microsoft’s dividend payout ratio (DPR) is 28.74%.

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.