Zimmermann Investment Management & Planning LLC Has $3.88 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Zimmermann Investment Management & Planning LLC grew its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.0% during the second quarter, Holdings Channel.com reports. The firm owned 8,681 shares of the software giant’s stock after acquiring an additional 85 shares during the quarter. Microsoft accounts for about 1.3% of Zimmermann Investment Management & Planning LLC’s portfolio, making the stock its 27th biggest position. Zimmermann Investment Management & Planning LLC’s holdings in Microsoft were worth $3,880,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in MSFT. Norges Bank bought a new position in shares of Microsoft in the fourth quarter valued at $35,920,047,000. Firetrail Investments PTY Ltd. bought a new position in shares of Microsoft in the fourth quarter valued at $11,851,000. Brady Family Wealth LLC grew its stake in shares of Microsoft by 1.4% in the fourth quarter. Brady Family Wealth LLC now owns 45,141 shares of the software giant’s stock valued at $16,975,000 after buying an additional 637 shares in the last quarter. CBIZ Investment Advisory Services LLC grew its stake in shares of Microsoft by 20.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 3,213 shares of the software giant’s stock valued at $1,208,000 after buying an additional 546 shares in the last quarter. Finally, PineStone Asset Management Inc. boosted its position in Microsoft by 11.1% during the fourth quarter. PineStone Asset Management Inc. now owns 2,389,541 shares of the software giant’s stock worth $898,563,000 after purchasing an additional 237,986 shares during the period. 71.13% of the stock is owned by institutional investors.

Microsoft Stock Down 0.1 %

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

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

Microsoft declared that its Board of Directors has approved a share repurchase plan on Monday, September 16th that permits the company to buyback $60.00 billion in outstanding shares. This buyback authorization permits the software giant to reacquire up to 1.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.

Microsoft Increases Dividend

The firm 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 dividend of $0.83 per share. This is a boost from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Thursday, November 21st. Microsoft’s dividend payout ratio (DPR) is currently 28.74%.

Insider Activity

In other news, CEO Satya Nadella sold 78,353 shares of Microsoft stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the completion of the transaction, the chief executive officer now directly owns 864,327 shares in the company, valued at $353,189,942.01. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the completion of the sale, the chief marketing officer now owns 50,000 shares in the company, valued at approximately $20,552,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Satya Nadella sold 78,353 shares of Microsoft stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the completion of the sale, the chief executive officer now directly owns 864,327 shares in the company, valued at approximately $353,189,942.01. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 190,629 shares of company stock worth $77,916,485 over the last three months. 0.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. New Street Research assumed coverage on shares of Microsoft in a research report on Monday, June 10th. They set a “buy” rating and a $570.00 price objective for the company. UBS Group reduced their target price on shares of Microsoft from $520.00 to $510.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Wedbush reissued an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research report on Wednesday, July 31st. Bank of America boosted their target price on shares of Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Finally, Tigress Financial boosted their target price on shares of Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, June 13th. Two analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. Based on data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and an average target price of $493.94.

Microsoft Profile

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.