Goodman Advisory Group LLC Acquires 369 Shares of Microsoft Co. (NASDAQ:MSFT)

Goodman Advisory Group LLC lifted its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.3% in the 3rd quarter, Holdings Channel reports. The firm owned 28,760 shares of the software giant’s stock after buying an additional 369 shares during the quarter. Microsoft accounts for 3.5% of Goodman Advisory Group LLC’s portfolio, making the stock its 7th biggest holding. Goodman Advisory Group LLC’s holdings in Microsoft were worth $12,376,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Christopher J. Hasenberg Inc lifted its holdings in Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after purchasing an additional 25 shares during the last quarter. Quarry LP acquired a new stake in shares of Microsoft in the second quarter worth $45,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Microsoft during the 3rd quarter worth $62,000. Carolina Wealth Advisors LLC grew its stake in Microsoft by 10.1% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after buying an additional 31 shares during the last quarter. Finally, MayTech Global Investments LLC bought a new position in Microsoft in the 2nd quarter worth $200,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Microsoft

In related news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total value of $10,425,000.00. Following the transaction, the executive vice president now directly owns 117,294 shares in the company, valued at $48,911,598. This represents a 17.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now directly owns 49,352 shares in the company, 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. Insiders have sold a total of 34,000 shares of company stock worth $14,333,540 over the last 90 days. Insiders own 0.03% of the company’s stock.

Microsoft Stock Down 0.2 %

Shares of NASDAQ:MSFT opened at $411.44 on Wednesday. Microsoft Co. has a 12 month low of $385.58 and a 12 month high of $468.35. The firm has a market cap of $3.06 trillion, a P/E ratio of 33.13, a P/E/G ratio of 2.21 and a beta of 0.90. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $431.07 and its two-hundred day moving average price is $423.29.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period last year, the company earned $2.93 earnings per share. As a group, research analysts forecast that Microsoft Co. will post 13.07 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared 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. This represents a $3.32 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a report on Friday, October 18th. UBS Group lowered their target price on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Citigroup cut their price target on Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. StockNews.com upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Finally, Wedbush reiterated an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research note on Tuesday, November 19th. Three research 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.com, Microsoft has a consensus rating of “Moderate Buy” and an average target price of $510.96.

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.