Microsoft Co. (NASDAQ:MSFT) Shares Purchased by US Financial Advisors LLC

US Financial Advisors LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 5,034 shares of the software giant’s stock after acquiring an additional 27 shares during the period. US Financial Advisors LLC’s holdings in Microsoft were worth $2,166,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Malaga Cove Capital LLC increased its holdings in Microsoft by 20.2% during the 3rd quarter. Malaga Cove Capital LLC now owns 4,987 shares of the software giant’s stock worth $2,146,000 after purchasing an additional 838 shares during the period. Ironsides Asset Advisors LLC increased its holdings in Microsoft by 23.3% during the 3rd quarter. Ironsides Asset Advisors LLC now owns 3,385 shares of the software giant’s stock worth $1,457,000 after purchasing an additional 639 shares during the period. Walkner Condon Financial Advisors LLC increased its holdings in Microsoft by 4.9% during the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 18,601 shares of the software giant’s stock worth $8,004,000 after purchasing an additional 866 shares during the period. Advisors Management Group Inc. ADV increased its holdings in Microsoft by 0.5% during the 3rd quarter. Advisors Management Group Inc. ADV now owns 18,126 shares of the software giant’s stock worth $7,799,000 after purchasing an additional 92 shares during the period. Finally, Blake Schutter Theil Wealth Advisors LLC purchased a new stake in Microsoft during the 3rd quarter worth about $3,798,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Activity

In other news, EVP Christopher David Young sold 7,200 shares of the firm’s 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 completion of the sale, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at $43,792,039.56. This trade represents a 6.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total value of $414,720.00. Following the completion of the sale, the chief marketing officer now directly owns 57,511 shares of the company’s stock, valued at $23,850,961.92. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock valued at $17,383,892 in the last three months. 0.03% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on MSFT shares. DA Davidson downgraded Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price target on the stock. in a report on Monday, September 23rd. Loop Capital upped their price target on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Truist Financial reiterated a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a report on Monday, October 28th. BMO Capital Markets dropped their price objective on Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Finally, TD Cowen dropped their price objective on Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $511.62.

Microsoft Stock Up 0.5 %

Microsoft stock opened at $424.56 on Thursday. Microsoft Co. has a twelve month low of $371.19 and a twelve month high of $468.35. The stock has a 50 day moving average of $428.29 and a two-hundred day moving average of $427.61. 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 stock has a market capitalization of $3.16 trillion, a price-to-earnings ratio of 35.03, a PEG ratio of 2.37 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. The company 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 firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period last year, the firm earned $2.99 EPS. As a group, research analysts expect that Microsoft Co. will post 12.93 earnings per share for the current year.

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

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.78%. Microsoft’s dividend payout ratio is currently 27.39%.

Microsoft 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.