Microsoft Co. (NASDAQ:MSFT) is Hurlow Wealth Management Group Inc.’s 8th Largest Position

Hurlow Wealth Management Group Inc. increased its stake in Microsoft Co. (NASDAQ:MSFTFree Report) by 0.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 26,503 shares of the software giant’s stock after buying an additional 70 shares during the period. Microsoft comprises 3.6% of Hurlow Wealth Management Group Inc.’s holdings, making the stock its 8th largest position. Hurlow Wealth Management Group Inc.’s holdings in Microsoft were worth $11,404,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Swedbank AB bought a new stake in Microsoft during the first quarter valued at approximately $5,587,119,000. Wulff Hansen & CO. boosted its stake in shares of Microsoft by 47,196.6% during the 2nd quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant’s stock worth $2,160,850,000 after acquiring an additional 4,824,436 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Microsoft by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant’s stock valued at $281,035,506,000 after acquiring an additional 3,078,099 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of 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 purchasing an additional 2,744,900 shares in the last quarter. Finally, M&G Plc purchased a new position in shares of Microsoft during the 1st quarter valued at about $846,072,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Trading Down 0.1 %

Microsoft stock opened at $414.17 on Friday. Microsoft Co. has a one year low of $362.90 and a one year high of $468.35. The company has a market cap of $3.08 trillion, a price-to-earnings ratio of 34.17, a P/E/G ratio of 2.21 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. The firm has a 50-day moving average of $422.21 and a 200-day moving average of $426.05.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. During the same period in the previous year, the firm earned $2.99 EPS. The firm’s revenue was up 16.0% compared to the same quarter last year. On average, equities analysts expect that Microsoft Co. will post 12.94 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.80%. This is a boost from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio is 24.75%.

Microsoft announced that its Board of Directors has initiated a stock repurchase plan 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 shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of analyst reports. Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. Citigroup cut their price target on Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. TD Cowen lowered 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. Truist Financial reaffirmed a “buy” rating and set a $600.00 target price on shares of Microsoft in a research note on Monday, October 28th. Finally, BMO Capital Markets decreased their price objective on Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $503.03.

Check Out Our Latest Analysis on MSFT

Insider Activity

In other news, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total transaction 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. This represents a 8.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total value of $1,027,600.00. Following the completion of the sale, the chief marketing officer now directly owns 50,000 shares of the company’s stock, valued at $20,552,000. The trade was a 4.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 183,431 shares of company stock worth $74,956,968. Corporate insiders own 0.03% of the company’s stock.

Microsoft Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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