Bogart Wealth LLC Has $26.64 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Bogart Wealth LLC grew its position in Microsoft Co. (NASDAQ:MSFT) by 1.8% in the third quarter, Holdings Channel.com reports. The fund owned 61,908 shares of the software giant’s stock after buying an additional 1,072 shares during the period. Microsoft makes up 1.3% of Bogart Wealth LLC’s investment portfolio, making the stock its 20th largest holding. Bogart Wealth LLC’s holdings in Microsoft were worth $26,639,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MSFT. Rebalance LLC boosted its stake in shares of Microsoft by 0.7% during the 2nd quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock worth $1,542,000 after acquiring an additional 24 shares during the period. First National Bank Sioux Falls boosted its position in Microsoft by 0.4% during the second quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant’s stock worth $2,834,000 after purchasing an additional 24 shares during the period. Flagship Private Wealth LLC increased its holdings in shares of Microsoft by 2.8% in the second quarter. Flagship Private Wealth LLC now owns 913 shares of the software giant’s stock valued at $408,000 after purchasing an additional 25 shares during the last quarter. Massachusetts Wealth Management raised its position in shares of Microsoft by 0.3% in the second quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant’s stock valued at $4,309,000 after purchasing an additional 25 shares during the period. Finally, Deseret Mutual Benefit Administrators lifted its stake in shares of Microsoft by 0.8% during the 2nd quarter. Deseret Mutual Benefit Administrators now owns 3,255 shares of the software giant’s stock worth $1,455,000 after buying an additional 25 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Performance

Shares of Microsoft stock opened at $436.60 on Friday. The company has a market cap of $3.25 trillion, a PE ratio of 36.02, a price-to-earnings-growth ratio of 2.37 and a beta of 0.90. 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 Co. has a 52 week low of $366.50 and a 52 week high of $468.35. The business has a 50 day moving average price of $427.02 and a 200-day moving average price of $428.32.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data 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. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. During the same period last year, the business earned $2.99 EPS. The business’s revenue was up 16.0% on a year-over-year basis. Equities analysts anticipate that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

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

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.76%. Microsoft’s dividend payout ratio (DPR) is 27.39%.

Insider Transactions at Microsoft

In other news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the sale, the executive vice president now directly owns 117,294 shares in the company, valued at $48,911,598. The trade was a 17.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $414.72, for a total transaction of $414,720.00. Following the transaction, the chief marketing officer now owns 57,511 shares of the company’s stock, valued at approximately $23,850,961.92. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,200 shares of company stock worth $17,383,892 in the last 90 days. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Truist Financial reissued a “buy” rating and issued a $600.00 price target on shares of Microsoft in a report on Monday, October 28th. Citigroup dropped their price target on Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Sanford C. Bernstein decreased their price objective on Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. UBS Group lifted their target price on Microsoft from $500.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Wedbush restated an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a research note on Tuesday, November 19th. Three research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $508.46.

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.