Milestones Administradora de Recursos Ltda. Has $52.11 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Milestones Administradora de Recursos Ltda. lifted its holdings in Microsoft Co. (NASDAQ:MSFT) by 23.8% during the third quarter, HoldingsChannel reports. The firm owned 121,097 shares of the software giant’s stock after purchasing an additional 23,305 shares during the period. Microsoft comprises 20.8% of Milestones Administradora de Recursos Ltda.’s investment portfolio, making the stock its 2nd biggest position. Milestones Administradora de Recursos Ltda.’s holdings in Microsoft were worth $52,108,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Christopher J. Hasenberg Inc grew 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 last quarter. Quarry LP bought a new stake in shares of Microsoft in the second quarter valued at about $45,000. Innealta Capital LLC acquired a new stake in Microsoft during the second quarter worth about $75,000. Carolina Wealth Advisors LLC increased its stake in Microsoft by 10.1% during the third 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 boosted its position in shares of Microsoft by 241.4% during 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 in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the topic of several analyst reports. Truist Financial reiterated a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research note on Monday, October 28th. Citigroup dropped their price objective on Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Morgan Stanley boosted their target price on shares of Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. DA Davidson lowered shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price on the stock. in a report on Monday, September 23rd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price target on shares of Microsoft in a report on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $509.90.

Insider Activity

In other news, CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the completion of the sale, the chief marketing officer now owns 57,511 shares in the company, valued at $23,850,961.92. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the sale, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at approximately $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 ninety days, insiders have sold 41,200 shares of company stock valued at $17,383,892. 0.03% of the stock is owned by company insiders.

Microsoft Trading Down 1.7 %

Microsoft stock opened at $430.53 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. The firm has a 50-day moving average of $428.90 and a 200-day moving average of $428.85. The company has a market cap of $3.20 trillion, a price-to-earnings ratio of 35.52, a P/E/G ratio of 2.37 and a beta of 0.90. Microsoft Co. has a one year low of $366.50 and a one year high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating the consensus estimate of $3.10 by $0.20. The firm had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.99 earnings per share. On average, equities analysts expect that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.77%. Microsoft’s dividend payout ratio is presently 27.39%.

Microsoft announced that its board has authorized a share buyback program on Monday, September 16th that permits the company to buyback $60.00 billion in shares. This buyback authorization permits the software giant to reacquire up to 1.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

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.