Morton Brown Family Wealth LLC Acquires 400 Shares of Microsoft Co. (NASDAQ:MSFT)

Morton Brown Family Wealth LLC lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 20.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,338 shares of the software giant’s stock after acquiring an additional 400 shares during the quarter. Microsoft accounts for about 0.4% of Morton Brown Family Wealth LLC’s investment portfolio, making the stock its 29th largest holding. Morton Brown Family Wealth LLC’s holdings in Microsoft were worth $1,006,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sterling Manor Financial LLC grew its stake in Microsoft by 2.1% during the third quarter. Sterling Manor Financial LLC now owns 1,981 shares of the software giant’s stock valued at $852,000 after acquiring an additional 41 shares in the last quarter. TCI Wealth Advisors Inc. boosted its holdings in Microsoft by 1.8% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 34,587 shares of the software giant’s stock valued at $14,883,000 after purchasing an additional 607 shares during the period. TCP Asset Management LLC grew its position in shares of Microsoft by 30.7% during the 3rd quarter. TCP Asset Management LLC now owns 1,240 shares of the software giant’s stock valued at $534,000 after purchasing an additional 291 shares in the last quarter. Concord Wealth Partners increased its holdings in shares of Microsoft by 7.3% in the third quarter. Concord Wealth Partners now owns 41,742 shares of the software giant’s stock worth $17,962,000 after purchasing an additional 2,833 shares during the period. Finally, Lauer Wealth LLC increased its holdings in shares of Microsoft by 174.0% in the third quarter. Lauer Wealth LLC now owns 1,581 shares of the software giant’s stock worth $671,000 after purchasing an additional 1,004 shares during the period. 71.13% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction on Friday, November 22nd. The shares were 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 owns 117,294 shares of the company’s stock, valued at $48,911,598. The trade was a 17.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the transaction, the executive vice president now owns 103,366 shares in the company, valued at $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,200 shares of company stock worth $17,383,892. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MSFT. TD Cowen dropped their price target on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Truist Financial reiterated a “buy” rating and set a $600.00 target price on shares of Microsoft in a research report on Monday, October 28th. Mizuho increased their price target on shares of Microsoft from $480.00 to $510.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Sanford C. Bernstein lowered their price objective on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, BMO Capital Markets cut their target price on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $509.90.

Microsoft Trading Down 0.3 %

NASDAQ MSFT opened at $438.11 on Friday. The company has a fifty day moving average of $428.65 and a 200 day moving average of $428.86. The company has a market capitalization of $3.26 trillion, a PE ratio of 36.15, a P/E/G ratio of 2.37 and a beta of 0.90. 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 1 year low of $366.50 and a 1 year high of $468.35.

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 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 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 firm earned $2.99 EPS. The business’s quarterly revenue was up 16.0% on a year-over-year basis. Research analysts forecast that Microsoft Co. will post 12.93 earnings per share for the current year.

Microsoft announced that its Board of Directors has initiated a share repurchase program on Monday, September 16th that allows the company to buyback $60.00 billion in shares. This buyback authorization allows the software giant to purchase up to 1.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio is presently 27.39%.

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.