Deltec Asset Management LLC Has $29.84 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Deltec Asset Management LLC lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 69,348 shares of the software giant’s stock after selling 1,295 shares during the period. Microsoft makes up about 5.9% of Deltec Asset Management LLC’s investment portfolio, making the stock its 3rd largest position. Deltec Asset Management LLC’s holdings in Microsoft were worth $29,840,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MSFT. Christopher J. Hasenberg Inc raised its position in 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 purchasing an additional 44 shares during the period. Quarry LP purchased a new stake in shares of Microsoft in the second quarter worth approximately $45,000. Innealta Capital LLC bought a new stake in shares of Microsoft during the 2nd quarter worth approximately $75,000. Carolina Wealth Advisors LLC boosted its holdings in Microsoft by 10.1% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after acquiring an additional 31 shares during the period. Finally, Bbjs Financial Advisors LLC grew its position in 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 acquiring an additional 268 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insiders Place Their Bets

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction dated 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 owns 117,294 shares in the company, valued at approximately $48,911,598. The trade was a 17.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $447.41, for a total value of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. The trade was a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,200 shares of company stock valued at $17,383,892. Insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT stock opened at $430.53 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The company has a market cap of $3.20 trillion, a PE ratio of 35.52, a PEG ratio of 2.37 and a beta of 0.90. Microsoft Co. has a 12-month low of $366.50 and a 12-month high of $468.35. The business’s fifty day simple moving average is $428.90 and its 200-day simple moving average is $428.88.

Microsoft (NASDAQ:MSFT) last announced its 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. The company had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.99 EPS. Analysts expect that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

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

Microsoft Announces Dividend

The business also recently announced 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 0.77%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of recent analyst reports. Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. UBS Group upped their target price on shares of Microsoft from $500.00 to $525.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. BMO Capital Markets decreased their price target on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Mizuho increased their price objective on Microsoft from $480.00 to $510.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, Citigroup decreased their target price on Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $509.90.

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.