Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Abich Financial Wealth Management LLC

Abich Financial Wealth Management LLC grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 5.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,578 shares of the software giant’s stock after purchasing an additional 81 shares during the period. Microsoft makes up approximately 0.5% of Abich Financial Wealth Management LLC’s investment portfolio, making the stock its 11th largest holding. Abich Financial Wealth Management LLC’s holdings in Microsoft were worth $705,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MSFT. Christopher J. Hasenberg Inc increased its holdings in shares of Microsoft by 169.2% in the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after buying an additional 44 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Microsoft in the 2nd quarter valued at about $75,000. Bellevue Group AG lifted its position in Microsoft by 47.5% in the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after buying an additional 58 shares in the last quarter. Bbjs Financial Advisors LLC boosted its position in Microsoft by 241.4% during the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock valued at $169,000 after purchasing an additional 268 shares during the last quarter. Finally, MayTech Global Investments LLC bought a new stake in shares of Microsoft in the 2nd quarter valued at approximately $200,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MSFT. JPMorgan Chase & Co. reduced their price target on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. DA Davidson lowered shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective for the company. in a research report on Monday, September 23rd. BMO Capital Markets decreased their target price on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a report on Friday, October 18th. Finally, TD Cowen lowered their target price on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $503.03.

Insider Activity at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 40,000 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the completion of the transaction, the insider now owns 544,847 shares in the company, valued at $219,349,953.73. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Microsoft news, insider Bradford L. Smith sold 40,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 544,847 shares in the company, valued at $219,349,953.73. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Satya Nadella sold 78,353 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 864,327 shares of the company’s stock, 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. Over the last quarter, insiders have sold 190,629 shares of company stock worth $77,916,485. Insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT opened at $418.01 on Tuesday. The firm has a market capitalization of $3.11 trillion, a P/E ratio of 34.49, a P/E/G ratio of 2.24 and a beta of 0.91. The stock has a 50 day moving average price of $421.09 and a two-hundred day moving average price of $425.19. Microsoft Co. has a 52 week low of $362.90 and a 52 week high of $468.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating the consensus estimate of $3.10 by $0.20. 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 quarter last year, the business posted $2.99 EPS. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities analysts forecast that Microsoft Co. will post 12.94 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.79%. This is a boost from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 21st. Microsoft’s payout ratio is presently 27.39%.

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

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.