Total Wealth Planning LLC Purchases New Position in Microsoft Co. (NASDAQ:MSFT)

Total Wealth Planning LLC acquired a new position in shares of Microsoft Co. (NASDAQ:MSFT) during the 4th quarter, Holdings Channel.com reports. The firm acquired 1,155 shares of the software giant’s stock, valued at approximately $487,000.

Several other institutional investors also recently bought and sold shares of the company. Net Worth Advisory Group bought a new position in shares of Microsoft during the third quarter valued at approximately $2,645,000. Oak Ridge Investments LLC lifted its holdings in Microsoft by 7.6% during the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after buying an additional 18,544 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Microsoft by 1.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock valued at $882,816,000 after acquiring an additional 31,401 shares in the last quarter. Jacobs & Co. CA increased its holdings in shares of Microsoft by 0.9% in the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock valued at $41,318,000 after acquiring an additional 880 shares during the period. Finally, Focus Financial Network Inc. increased its holdings in shares of Microsoft by 2.0% in the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after acquiring an additional 1,489 shares during the period. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on MSFT. TD Cowen dropped their price objective on Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Cantor Fitzgerald restated an “overweight” rating and issued a $509.00 price target on shares of Microsoft in a report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research note on Thursday, January 30th. Mizuho decreased their target price on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Finally, Loop Capital lifted their price target on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Three analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $510.96.

Insider Activity

In related news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction 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 sale, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. This represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 7,000 shares of company stock valued at $3,070,340 in the last three months. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Price Performance

NASDAQ:MSFT opened at $392.53 on Friday. The firm’s fifty day moving average is $421.47 and its two-hundred day moving average is $422.79. The firm has a market cap of $2.92 trillion, a price-to-earnings ratio of 31.60, a PEG ratio of 2.21 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a one year low of $385.58 and a one year high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period in the prior year, the business earned $2.93 EPS. Research analysts expect that Microsoft Co. will post 13.08 EPS for the current 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 dividend on an annualized basis and a dividend yield of 0.85%. Microsoft’s payout ratio is 26.73%.

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.