Microsoft Co. (NASDAQ:MSFT) Stock Position Boosted by B.O.S.S. Retirement Advisors LLC

B.O.S.S. Retirement Advisors LLC lifted its position in Microsoft Co. (NASDAQ:MSFT) by 18.1% in the third quarter, Holdings Channel reports. The firm owned 53,016 shares of the software giant’s stock after buying an additional 8,138 shares during the period. Microsoft accounts for 4.6% of B.O.S.S. Retirement Advisors LLC’s investment portfolio, making the stock its 2nd largest holding. B.O.S.S. Retirement Advisors LLC’s holdings in Microsoft were worth $22,813,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. AAFMAA Wealth Management & Trust LLC grew its holdings in Microsoft by 12.8% during the 3rd quarter. AAFMAA Wealth Management & Trust LLC now owns 12,460 shares of the software giant’s stock worth $5,362,000 after acquiring an additional 1,416 shares in the last quarter. Market Street Wealth Management Advisors LLC lifted its position in shares of Microsoft by 8.4% in the 3rd quarter. Market Street Wealth Management Advisors LLC now owns 3,625 shares of the software giant’s stock worth $1,560,000 after purchasing an additional 282 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake in shares of Microsoft by 0.3% during the third quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 28,029 shares of the software giant’s stock valued at $12,061,000 after purchasing an additional 89 shares in the last quarter. Physician Wealth Advisors Inc. increased its holdings in Microsoft by 0.7% during the third quarter. Physician Wealth Advisors Inc. now owns 15,880 shares of the software giant’s stock valued at $6,650,000 after buying an additional 109 shares during the period. Finally, Firethorn Wealth Partners LLC raised its stake in Microsoft by 4.9% in the third quarter. Firethorn Wealth Partners LLC now owns 9,582 shares of the software giant’s stock worth $4,123,000 after buying an additional 446 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Microsoft

In other news, EVP Kathleen T. Hogan sold 17,378 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $411.85, for a total transaction of $7,157,129.30. Following the transaction, the executive vice president now owns 150,161 shares in the company, valued at $61,843,807.85. This trade represents a 10.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Bradford L. Smith sold 40,000 shares of Microsoft stock in a transaction on 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 sale, the insider now directly 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 quarter, insiders sold 98,578 shares of company stock valued at $40,553,696. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

NASDAQ MSFT opened at $443.57 on Friday. Microsoft Co. has a fifty-two week low of $364.13 and a fifty-two 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. The firm has a market capitalization of $3.30 trillion, a P/E ratio of 36.60, a PEG ratio of 2.29 and a beta of 0.90. The stock has a 50-day simple moving average of $421.16 and a two-hundred day simple moving average of $426.89.

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

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

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.75%. Microsoft’s dividend payout ratio is presently 27.39%.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $470.00 price target on shares of Microsoft in a report on Thursday, October 31st. UBS Group dropped their price objective on Microsoft from $510.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. KeyCorp boosted their target price on shares of Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Sanford C. Bernstein lowered their price target on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Morgan Stanley boosted their price objective on shares of Microsoft from $506.00 to $548.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $504.36.

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.