Microsoft Co. (NASDAQ:MSFT) is KG&L Capital Management LLC’s 9th Largest Position

KG&L Capital Management LLC increased its stake in Microsoft Co. (NASDAQ:MSFT) by 4.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,884 shares of the software giant’s stock after purchasing an additional 914 shares during the quarter. Microsoft accounts for 2.9% of KG&L Capital Management LLC’s portfolio, making the stock its 9th largest position. KG&L Capital Management LLC’s holdings in Microsoft were worth $8,984,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Christopher J. Hasenberg Inc lifted its stake in shares of 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 Microsoft during the second quarter valued at approximately $45,000. Innealta Capital LLC bought a new position in Microsoft in the second quarter worth approximately $75,000. Carolina Wealth Advisors LLC boosted its stake in shares of Microsoft by 10.1% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after acquiring an additional 31 shares during the last quarter. Finally, Bbjs Financial Advisors LLC grew 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 during the period. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 1,000 shares of the company’s 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 directly owns 57,511 shares in the company, valued at approximately $23,850,961.92. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total value 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. This trade represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock valued at $17,383,892 in the last ninety days. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MSFT. UBS Group raised their target price on Microsoft from $500.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. TD Cowen decreased their price objective on Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Citigroup cut 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. Piper Sandler restated an “overweight” rating and set a $470.00 target price on shares of Microsoft in a research note on Thursday, October 31st. Finally, StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, December 20th. Three investment 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.com, the company currently has an average rating of “Moderate Buy” and an average price target of $509.90.

Microsoft Stock Up 1.1 %

MSFT stock opened at $423.35 on Friday. The company’s 50 day moving average price is $428.62 and its 200 day moving average price is $428.35. The firm has a market capitalization of $3.15 trillion, a price-to-earnings ratio of 34.93, a PEG ratio of 2.37 and a beta of 0.90. Microsoft Co. has a fifty-two week low of $366.50 and a fifty-two week high of $468.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30.

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

Microsoft announced that its board has authorized a stock buyback plan on Monday, September 16th that permits the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization permits the software giant to reacquire up to 1.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board 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 given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is presently 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.