Lmcg Investments LLC Has $91.43 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Lmcg Investments LLC grew its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 204,567 shares of the software giant’s stock after purchasing an additional 1,835 shares during the quarter. Microsoft makes up approximately 5.3% of Lmcg Investments LLC’s portfolio, making the stock its biggest position. Lmcg Investments LLC’s holdings in Microsoft were worth $91,431,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Rebalance LLC increased its holdings in Microsoft by 0.7% in the 2nd quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock worth $1,542,000 after buying an additional 24 shares in the last quarter. First National Bank Sioux Falls grew its stake in shares of Microsoft by 0.4% in the second quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant’s stock worth $2,834,000 after acquiring an additional 24 shares during the period. Doheny Asset Management CA raised its holdings in shares of Microsoft by 0.4% during the first quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant’s stock valued at $2,691,000 after purchasing an additional 25 shares during the last quarter. Flagship Private Wealth LLC lifted its position in Microsoft by 2.8% during the second quarter. Flagship Private Wealth LLC now owns 913 shares of the software giant’s stock valued at $408,000 after purchasing an additional 25 shares during the period. Finally, Massachusetts Wealth Management boosted its holdings in Microsoft by 0.3% in the second quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant’s stock worth $4,309,000 after purchasing an additional 25 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Up 1.0 %

Shares of MSFT stock opened at $410.37 on Friday. The stock has a market cap of $3.05 trillion, a P/E ratio of 33.86, a PEG ratio of 2.14 and a beta of 0.91. The company’s fifty day simple moving average is $420.69 and its two-hundred day simple moving average is $424.62. The company has a quick ratio of 1.27, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. Microsoft Co. has a 52 week low of $344.77 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $0.22. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. During the same period last year, the firm posted $2.99 earnings per share. Microsoft’s revenue for the quarter was up 16.0% compared to the same quarter last year. Analysts predict that Microsoft Co. will post 12.98 EPS for the current fiscal year.

Microsoft declared that its Board of Directors has approved a share buyback program on Monday, September 16th that authorizes the company to buyback $60.00 billion in outstanding shares. This buyback authorization authorizes the software giant to repurchase up to 1.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its stock is undervalued.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio is presently 27.39%.

Insider Buying and Selling

In other news, CFO Amy Hood sold 38,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $410.55, for a total value of $15,600,900.00. Following the completion of the sale, the chief financial officer now owns 496,369 shares in the company, valued at approximately $203,784,292.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction on 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 directly owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Amy Hood sold 38,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the completion of the transaction, the chief financial officer now owns 496,369 shares in the company, valued at approximately $203,784,292.95. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 190,629 shares of company stock worth $77,916,485 over the last three months. 0.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MSFT. Truist Financial restated a “buy” rating and issued a $600.00 price target on shares of Microsoft in a research note on Monday, October 28th. TD Cowen dropped their target price on Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research report on Thursday. Morgan Stanley upped their price target on shares of Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a research report on Thursday. Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a report on Friday, October 18th. Finally, Argus boosted their target price on shares of Microsoft from $475.00 to $526.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and a consensus price target of $503.03.

Microsoft Company 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.