Burt Wealth Advisors Sells 123 Shares of Microsoft Co. (NASDAQ:MSFT)

Burt Wealth Advisors reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 1.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,379 shares of the software giant’s stock after selling 123 shares during the quarter. Microsoft makes up approximately 1.2% of Burt Wealth Advisors’ investment portfolio, making the stock its 17th biggest position. Burt Wealth Advisors’ holdings in Microsoft were worth $4,896,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Capital Performance Advisors LLP raised its holdings in Microsoft by 9.7% in the 3rd quarter. Capital Performance Advisors LLP now owns 15,053 shares of the software giant’s stock worth $6,477,000 after purchasing an additional 1,329 shares during the period. Philip James Wealth Mangement LLC raised its holdings in Microsoft by 40.0% in the 3rd quarter. Philip James Wealth Mangement LLC now owns 1,757 shares of the software giant’s stock worth $756,000 after purchasing an additional 502 shares during the period. Quantum Private Wealth LLC raised its holdings in Microsoft by 1.0% in the 3rd quarter. Quantum Private Wealth LLC now owns 44,482 shares of the software giant’s stock worth $19,140,000 after purchasing an additional 450 shares during the period. Stiles Financial Services Inc raised its holdings in Microsoft by 2.4% in the 3rd quarter. Stiles Financial Services Inc now owns 15,501 shares of the software giant’s stock worth $6,674,000 after purchasing an additional 370 shares during the period. Finally, Lakeshore Financial Planning Inc. raised its holdings in Microsoft by 3.3% in the 3rd quarter. Lakeshore Financial Planning Inc. now owns 21,670 shares of the software giant’s stock worth $9,326,000 after purchasing an additional 692 shares during the period. 71.13% of the stock is owned by institutional investors.

Microsoft Trading Down 1.3 %

MSFT opened at $418.95 on Friday. The firm has a market cap of $3.11 trillion, a P/E ratio of 34.57, a P/E/G ratio of 2.37 and a beta of 0.90. Microsoft Co. has a 12 month low of $380.38 and a 12 month high of $468.35. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The stock has a 50-day moving average of $428.83 and a 200 day moving average of $427.39.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $64.57 billion. During the same quarter in the previous year, the business earned $2.99 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, research analysts forecast that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.79%. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

Microsoft announced that its Board of Directors has initiated a share repurchase plan on Monday, September 16th that permits the company to repurchase $60.00 billion in shares. This repurchase authorization permits the software giant to buy up to 1.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

MSFT has been the topic of a number of recent research reports. Piper Sandler raised their target price on Microsoft from $470.00 to $520.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Stifel Nicolaus raised their price target on Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price target on shares of Microsoft in a report on Tuesday, November 5th. Citigroup decreased their price target on Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, StockNews.com raised Microsoft from a “hold” rating to a “buy” rating in a report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $511.62.

Insider Buying and Selling at Microsoft

In related news, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the sale, the executive vice president now owns 103,366 shares in the company, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total value of $414,720.00. Following the completion of the sale, the chief marketing officer now owns 57,511 shares of the company’s stock, valued at $23,850,961.92. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock worth $17,383,892 over the last 90 days. Company insiders own 0.03% of the company’s stock.

Microsoft Company 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.