Microsoft Co. (NASDAQ:MSFT) Shares Bought by 1858 Wealth Management LLC

1858 Wealth Management LLC grew its holdings in Microsoft Co. (NASDAQ:MSFTFree Report) by 5.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,025 shares of the software giant’s stock after acquiring an additional 764 shares during the quarter. Microsoft accounts for 5.7% of 1858 Wealth Management LLC’s portfolio, making the stock its 2nd largest holding. 1858 Wealth Management LLC’s holdings in Microsoft were worth $6,896,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Christopher J. Hasenberg Inc lifted its position in shares of Microsoft by 169.2% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after acquiring an additional 44 shares during the period. Quarry LP acquired a new position in shares of Microsoft in the second quarter valued at $45,000. Innealta Capital LLC acquired a new position in shares of Microsoft in the second quarter valued at $75,000. Bellevue Group AG lifted its holdings in shares of Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after acquiring an additional 58 shares during the period. Finally, Bbjs Financial Advisors LLC grew its stake in shares of Microsoft by 241.4% in the 2nd 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 period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Down 0.5 %

Shares of Microsoft stock opened at $447.27 on Friday. The stock has a market cap of $3.33 trillion, a PE ratio of 36.90, a price-to-earnings-growth ratio of 2.38 and a beta of 0.90. Microsoft Co. has a 12 month low of $364.13 and a 12 month high of $468.35. The business has a fifty day simple moving average of $424.16 and a 200 day simple moving average of $427.63. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (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 company had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. During the same quarter in the previous year, the business earned $2.99 EPS. The firm’s revenue was up 16.0% on a year-over-year basis. Research analysts predict that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft Dividend Announcement

The business 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 dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio is 27.39%.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Truist Financial reaffirmed a “buy” rating and issued a $600.00 target price on shares of Microsoft in a report on Monday, October 28th. Mizuho boosted their target price on Microsoft from $480.00 to $510.00 and gave the stock an “outperform” rating in a report on Friday. The Goldman Sachs Group dropped their price target on Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, October 10th. BMO Capital Markets cut their price objective on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Finally, Piper Sandler restated an “overweight” rating and set a $470.00 target price on shares of Microsoft in a report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $505.43.

View Our Latest Stock Report on MSFT

Insiders Place Their Bets

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction on Monday, December 9th. The shares were sold at an average price of $447.41, for a total value of $1,118,525.00. Following the sale, the chief marketing officer now directly owns 49,352 shares in the company, valued at approximately $22,080,578.32. The trade was a 4.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $417.00, for a total value of $10,425,000.00. Following the sale, the executive vice president now owns 117,294 shares in the company, valued at $48,911,598. The trade was a 17.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,200 shares of company stock worth $17,383,892. Corporate insiders own 0.03% of the company’s stock.

About Microsoft

(Free Report)

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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