TFG Advisers LLC Has $13.29 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

TFG Advisers LLC lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,886 shares of the software giant’s stock after selling 42 shares during the quarter. Microsoft comprises 4.8% of TFG Advisers LLC’s investment portfolio, making the stock its 2nd biggest holding. TFG Advisers LLC’s holdings in Microsoft were worth $13,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. Ameriprise Financial Inc. raised its holdings in Microsoft by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant’s stock worth $15,426,767,000 after buying an additional 97,075 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Microsoft by 6.9% during the second quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant’s stock worth $10,768,771,000 after acquiring an additional 1,563,533 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Microsoft by 0.3% in the 2nd quarter. Rhumbline Advisers now owns 14,738,956 shares of the software giant’s stock worth $6,587,576,000 after acquiring an additional 45,220 shares during the last quarter. Swedbank AB lifted its position in Microsoft by 0.4% in the 3rd quarter. Swedbank AB now owns 13,689,356 shares of the software giant’s stock valued at $5,890,530,000 after acquiring an additional 49,288 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in Microsoft by 0.4% during the 1st quarter. California State Teachers Retirement System now owns 11,462,919 shares of the software giant’s stock valued at $4,822,679,000 after purchasing an additional 46,410 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction on Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the sale, the chief marketing officer now owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. This trade represents a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 completion of the transaction, the executive vice president now owns 117,294 shares in the company, valued at $48,911,598. This represents a 17.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock worth $17,383,892 in the last three months. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the subject of several analyst reports. Morgan Stanley increased their price objective on Microsoft from $506.00 to $548.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Citigroup lowered their price target on Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. BMO Capital Markets cut their price objective on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Piper Sandler reiterated an “overweight” rating and issued a $470.00 target price on shares of Microsoft in a report on Thursday, October 31st. Finally, Truist Financial reissued a “buy” rating and set a $600.00 price target on shares of Microsoft in a research report on Monday, October 28th. Two research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and an average price target of $505.43.

Microsoft Price Performance

Microsoft stock opened at $454.46 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. Microsoft Co. has a one year low of $366.50 and a one year high of $468.35. The firm has a market capitalization of $3.38 trillion, a P/E ratio of 37.50, a PEG ratio of 2.38 and a beta of 0.90. The business has a fifty day moving average price of $425.79 and a 200-day moving average price of $428.04.

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 $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business 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 firm earned $2.99 EPS. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. As a group, equities research analysts forecast that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft declared that its board has approved a share buyback program on Monday, September 16th that authorizes the company to repurchase $60.00 billion in 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 generally an indication that the company’s board of directors believes its shares are undervalued.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s payout ratio is 27.39%.

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.