Fullcircle Wealth LLC Invests $6.06 Million in Microsoft Co. (NASDAQ:MSFT)

Fullcircle Wealth LLC acquired a new position in Microsoft Co. (NASDAQ:MSFT) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 14,134 shares of the software giant’s stock, valued at approximately $6,062,000. Microsoft accounts for approximately 2.7% of Fullcircle Wealth LLC’s portfolio, making the stock its 4th largest holding.

A number of other institutional investors have also bought and sold shares of MSFT. Norges Bank purchased a new stake in Microsoft in the 4th quarter worth $35,920,047,000. Vanguard Group Inc. increased its stake in Microsoft by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock worth $250,032,357,000 after buying an additional 15,701,937 shares in the last quarter. Swedbank AB purchased a new stake in Microsoft in the 1st quarter worth $5,587,119,000. TCI Fund Management Ltd. purchased a new stake in Microsoft in the 4th quarter worth $4,000,376,000. Finally, Canada Pension Plan Investment Board increased its stake in Microsoft by 77.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 6,281,925 shares of the software giant’s stock worth $2,642,931,000 after buying an additional 2,744,900 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Activity at Microsoft

In related news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total value of $1,027,600.00. Following the completion of the transaction, the chief marketing officer now directly owns 50,000 shares in the company, valued at $20,552,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total value of $1,027,600.00. Following the completion of the transaction, the chief marketing officer now directly owns 50,000 shares in the company, valued at $20,552,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Satya Nadella sold 14,398 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total value of $6,009,869.18. Following the completion of the transaction, the chief executive officer now owns 786,933 shares of the company’s stock, valued at $328,473,703.53. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 190,629 shares of company stock valued at $77,916,485. 0.03% of the stock is currently owned by insiders.

Analyst Ratings Changes

MSFT has been the subject of several research reports. Citigroup dropped their price objective on shares of Microsoft from $520.00 to $500.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Piper Sandler reiterated an “overweight” rating and issued a $485.00 target price on shares of Microsoft in a report on Wednesday, July 31st. TD Cowen boosted their price objective on Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Truist Financial restated a “buy” rating and set a $600.00 price objective on shares of Microsoft in a report on Monday, June 17th. Finally, Oppenheimer lifted their target price on Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, June 7th. Two research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $493.94.

Microsoft Stock Down 0.8 %

Microsoft stock opened at $428.02 on Friday. The business’s 50-day simple moving average is $419.51 and its two-hundred day simple moving average is $424.99. Microsoft Co. has a fifty-two week low of $309.45 and a fifty-two week high of $468.35. The company has a market cap of $3.18 trillion, a PE ratio of 37.06, a PEG ratio of 2.30 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 posted its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS 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 during the quarter, compared to analysts’ expectations of $64.38 billion. During the same quarter last year, the firm earned $2.69 earnings per share. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. Equities analysts anticipate that Microsoft Co. will post 13.04 EPS for the current year.

Microsoft declared that its board has approved a stock repurchase program on Monday, September 16th that permits the company to buyback $60.00 billion in shares. This buyback authorization permits the software giant to purchase up to 1.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Microsoft Increases Dividend

The business also recently declared 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. This represents a $3.32 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, November 21st. This is a boost from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio (DPR) is currently 28.74%.

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.