Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Ullmann Wealth Partners Group LLC

Ullmann Wealth Partners Group LLC boosted its position in Microsoft Co. (NASDAQ:MSFT) by 0.9% during the third quarter, Holdings Channel.com reports. The fund owned 12,442 shares of the software giant’s stock after purchasing an additional 117 shares during the quarter. Microsoft accounts for 0.7% of Ullmann Wealth Partners Group LLC’s holdings, making the stock its 25th largest holding. Ullmann Wealth Partners Group LLC’s holdings in Microsoft were worth $5,354,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc lifted its stake 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 worth $31,000 after acquiring an additional 44 shares in the last quarter. Quarry LP acquired a new position in shares of Microsoft in the second quarter worth about $45,000. Innealta Capital LLC acquired a new position in shares of Microsoft in the second quarter worth about $75,000. Bellevue Group AG lifted its stake in shares of Microsoft by 47.5% in the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after acquiring an additional 58 shares in the last quarter. Finally, Bbjs Financial Advisors LLC increased its holdings in Microsoft by 241.4% in the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock valued at $169,000 after buying an additional 268 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Up 0.1 %

MSFT opened at $431.20 on Wednesday. The business has a 50 day moving average price of $420.83 and a 200 day moving average price of $426.70. Microsoft Co. has a twelve month low of $362.90 and a twelve month 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. The firm has a market cap of $3.21 trillion, a P/E ratio of 35.58, a price-to-earnings-growth ratio of 2.29 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The firm had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. During the same period in the previous year, the company earned $2.99 EPS. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. Research analysts forecast that Microsoft Co. will post 12.93 EPS for the current year.

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

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.77%. Microsoft’s dividend payout ratio is 27.39%.

Insider Activity

In other news, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the completion of the sale, the chief marketing officer now directly owns 57,511 shares of the company’s stock, valued at approximately $23,850,961.92. This represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bradford L. Smith sold 40,000 shares of Microsoft stock in a transaction on Monday, September 9th. The stock was sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the sale, the insider now owns 544,847 shares in the company, valued at $219,349,953.73. This represents a 6.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 134,578 shares of company stock valued at $55,279,956. 0.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MSFT. StockNews.com raised Microsoft from a “hold” rating to a “buy” rating in a report on Tuesday. The Goldman Sachs Group reduced their price objective on Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Morgan Stanley boosted their price objective on Microsoft from $506.00 to $548.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. reduced their price objective on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Finally, Piper Sandler reiterated an “overweight” rating and set a $470.00 price objective on shares of Microsoft in a research report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $503.03.

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.