Falcon Wealth Planning Purchases 1,299 Shares of Microsoft Co. (NASDAQ:MSFT)

Falcon Wealth Planning grew its position in shares of Microsoft Co. (NASDAQ:MSFT) by 14.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,232 shares of the software giant’s stock after acquiring an additional 1,299 shares during the quarter. Microsoft comprises 0.6% of Falcon Wealth Planning’s holdings, making the stock its 23rd largest holding. Falcon Wealth Planning’s holdings in Microsoft were worth $4,573,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MSFT. Neo Ivy Capital Management bought a new stake in Microsoft during the fourth quarter worth $58,000. Richardson Capital Management LLC grew its holdings in Microsoft by 1,290.0% during the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after buying an additional 129 shares in the last quarter. PayPay Securities Corp grew its holdings in Microsoft by 23.7% during the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after buying an additional 36 shares in the last quarter. Bellevue Group AG grew its holdings in Microsoft by 47.5% during the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after buying an additional 58 shares in the last quarter. Finally, Horizon Financial Services LLC bought a new stake in Microsoft during the first quarter worth $80,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT opened at $405.72 on Tuesday. The stock’s 50-day simple moving average is $426.57 and its 200 day simple moving average is $423.04. The stock has a market capitalization of $3.02 trillion, a price-to-earnings ratio of 35.13, a price-to-earnings-growth ratio of 2.03 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. Microsoft Co. has a 52-week low of $309.45 and a 52-week high of $468.35.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.05. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The firm had revenue of $64.73 billion for the quarter, compared to analysts’ expectations of $64.38 billion. During the same quarter last year, the firm posted $2.69 EPS. The company’s revenue was up 15.2% compared to the same quarter last year. Research analysts forecast that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be issued a $0.75 dividend. The ex-dividend date is Thursday, August 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.74%. Microsoft’s payout ratio is currently 25.97%.

Analyst Ratings Changes

Several brokerages recently issued reports on MSFT. Wedbush reiterated an “outperform” rating and set a $550.00 price target on shares of Microsoft in a report on Wednesday, July 31st. TD Cowen upped their price target on Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Wednesday, July 31st. Bank of America upped their price objective on Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Finally, New Street Research began coverage on Microsoft in a research note on Monday, June 10th. They issued a “buy” rating and a $570.00 price objective for the company. Two analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. According to data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and an average target price of $494.72.

Insider Buying and Selling at Microsoft

In other Microsoft news, CEO Satya Nadella sold 78,353 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total value of $32,017,386.39. Following the sale, the chief executive officer now owns 864,327 shares of the company’s stock, valued at approximately $353,189,942.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Amy Hood sold 38,000 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the transaction, the chief financial officer now directly owns 496,369 shares in the company, valued at approximately $203,784,292.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Satya Nadella sold 78,353 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total value of $32,017,386.39. Following the transaction, the chief executive officer now owns 864,327 shares in the company, valued at $353,189,942.01. The disclosure for this sale can be found here. Insiders have sold a total of 130,751 shares of company stock valued at $53,628,156 in the last 90 days. Corporate insiders own 0.03% of the company’s stock.

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.