Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Tanager Wealth Management LLP

Tanager Wealth Management LLP grew its position in Microsoft Co. (NASDAQ:MSFT) by 260.9% during the second quarter, Holdings Channel.com reports. The firm owned 22,203 shares of the software giant’s stock after acquiring an additional 16,051 shares during the period. Microsoft accounts for approximately 1.5% of Tanager Wealth Management LLP’s holdings, making the stock its 19th largest position. Tanager Wealth Management LLP’s holdings in Microsoft were worth $9,923,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Neo Ivy Capital Management acquired a new stake in Microsoft during the 4th quarter worth $58,000. Richardson Capital Management LLC raised its stake in Microsoft by 1,290.0% during the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after acquiring an additional 129 shares in the last quarter. Bellevue Group AG raised its stake in Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after acquiring an additional 58 shares in the last quarter. Horizon Financial Services LLC acquired a new stake in Microsoft during the 1st quarter worth $80,000. Finally, Cooksen Wealth LLC acquired a new stake in Microsoft during the 4th quarter worth $86,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Down 0.8 %

Shares of NASDAQ MSFT opened at $428.02 on Friday. Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $468.35. The company has a market capitalization of $3.18 trillion, a PE ratio of 37.06, a price-to-earnings-growth ratio of 2.30 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27. The firm’s 50-day moving average is $419.51 and its two-hundred day moving average is $424.99.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.90 by $0.05. The business had revenue of $64.73 billion during the quarter, compared to analyst estimates of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The company’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.69 earnings per share. Equities analysts anticipate that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Microsoft announced that its board has initiated a stock repurchase program on Monday, September 16th that allows the company to buyback $60.00 billion in shares. This buyback authorization allows 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 shares are 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 given a dividend of $0.83 per share. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 21st. This represents a $3.32 annualized dividend and a yield of 0.78%. Microsoft’s dividend payout ratio is 28.74%.

Insider Buying and Selling

In related news, CEO Satya Nadella sold 14,398 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Satya Nadella sold 14,398 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the transaction, the insider now directly owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. The disclosure for this sale can be found here. Over the last quarter, insiders sold 190,629 shares of company stock valued at $77,916,485. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on MSFT. UBS Group cut their price target on shares of Microsoft from $520.00 to $510.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Wedbush restated an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a research note on Wednesday, July 31st. Piper Sandler restated an “overweight” rating and issued a $485.00 price objective on shares of Microsoft in a research note on Wednesday, July 31st. Oppenheimer lifted their price objective on shares of Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, June 7th. Finally, BMO Capital Markets lifted their price objective on shares of Microsoft from $465.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, July 12th. Two equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. Based on data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and a consensus target price of $493.94.

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.