RTD Financial Advisors Inc. Buys 41 Shares of Microsoft Co. (NASDAQ:MSFT)

RTD Financial Advisors Inc. increased its stake in Microsoft Co. (NASDAQ:MSFT) by 3.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,367 shares of the software giant’s stock after acquiring an additional 41 shares during the period. RTD Financial Advisors Inc.’s holdings in Microsoft were worth $611,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MSFT. Onyx Bridge Wealth Group LLC grew its position in Microsoft by 1.1% during the second quarter. Onyx Bridge Wealth Group LLC now owns 14,602 shares of the software giant’s stock valued at $6,526,000 after acquiring an additional 161 shares during the last quarter. Graybill Wealth Management LTD. lifted its holdings in shares of Microsoft by 13.5% in the 2nd quarter. Graybill Wealth Management LTD. now owns 16,234 shares of the software giant’s stock worth $7,256,000 after acquiring an additional 1,928 shares during the last quarter. Investment House LLC boosted its stake in shares of Microsoft by 0.3% in the 2nd quarter. Investment House LLC now owns 241,420 shares of the software giant’s stock valued at $107,903,000 after purchasing an additional 786 shares in the last quarter. Reliant Investment Management LLC grew its holdings in shares of Microsoft by 4.2% during the 2nd quarter. Reliant Investment Management LLC now owns 13,266 shares of the software giant’s stock valued at $5,929,000 after purchasing an additional 539 shares during the last quarter. Finally, Investment Planning Advisors Inc. purchased a new position in Microsoft in the 2nd quarter worth $242,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

MSFT opened at $435.27 on Friday. The company’s 50-day simple moving average is $420.92 and its two-hundred day simple moving average is $424.18. Microsoft Co. has a 52-week low of $309.45 and a 52-week high of $468.35. The stock has a market capitalization of $3.24 trillion, a P/E ratio of 37.69, a P/E/G ratio of 2.14 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 (NASDAQ:MSFT) last issued its earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.05. The company had revenue of $64.73 billion for the quarter, compared to analysts’ expectations of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the company posted $2.69 earnings per share. As a group, analysts predict that Microsoft Co. will post 13.04 EPS for the current year.

Microsoft Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a $0.83 dividend. The ex-dividend date is Thursday, November 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.76%. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s payout ratio is presently 25.97%.

Microsoft announced that its board has initiated a stock buyback plan on Monday, September 16th that authorizes the company to buyback $60.00 billion in shares. This buyback authorization authorizes the software giant to buy up to 1.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

MSFT has been the topic of a number of recent research reports. Wells Fargo & Company raised their price objective on Microsoft from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Truist Financial reaffirmed a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research note on Monday, June 17th. New Street Research started coverage on Microsoft in a research note on Monday, June 10th. They issued a “buy” rating and a $570.00 target price on the stock. Argus upped their price target on Microsoft from $475.00 to $526.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $494.72.

Insider Activity 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 transaction, the chief executive officer now directly owns 864,327 shares of the company’s stock, valued at $353,189,942.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Microsoft news, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the completion of the sale, the chief executive officer now directly owns 864,327 shares of the company’s stock, valued at $353,189,942.01. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kathleen T. Hogan sold 17,378 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $411.85, for a total transaction of $7,157,129.30. Following the completion of the transaction, the executive vice president now owns 150,161 shares in the company, valued at $61,843,807.85. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 190,629 shares of company stock worth $77,916,485. 0.03% of the stock is owned by insiders.

About Microsoft

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.