Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Christopher J. Hasenberg Inc

Christopher J. Hasenberg Inc boosted its position in Microsoft Co. (NASDAQ:MSFT) by 169.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70 shares of the software giant’s stock after acquiring an additional 44 shares during the quarter. Christopher J. Hasenberg Inc’s holdings in Microsoft were worth $31,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Microsoft in the 4th quarter valued at about $35,920,047,000. Vanguard Group Inc. increased its stake in Microsoft by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock valued at $250,032,357,000 after purchasing an additional 15,701,937 shares during the period. Swedbank AB purchased a new stake in shares of Microsoft in the first quarter valued at about $5,587,119,000. Canada Pension Plan Investment Board increased its position 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 valued at $2,642,931,000 after acquiring an additional 2,744,900 shares during the period. Finally, Global Assets Advisory LLC acquired a new stake in Microsoft during the 1st quarter worth approximately $989,814,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $430.30 on Tuesday. Microsoft Co. has a 12 month low of $311.21 and a 12 month high of $468.35. The company has a 50-day simple moving average of $419.26 and a 200-day simple moving average of $425.10. The company has a market cap of $3.20 trillion, a PE ratio of 37.26, 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.

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

Microsoft Increases Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 0.77%. This is a boost from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio (DPR) is presently 28.74%.

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

Analyst Ratings Changes

MSFT has been the topic of a number of recent research reports. Bank of America boosted their target price on Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. BMO Capital Markets upped their price objective on shares of Microsoft from $465.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. New Street Research began coverage on shares of Microsoft in a report on Monday, June 10th. They issued a “buy” rating and a $570.00 target price on the stock. DA Davidson cut shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price target for the company. in a report on Monday, September 23rd. Finally, Truist Financial reaffirmed a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a report on Monday, June 17th. Two 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, Microsoft currently has an average rating of “Moderate Buy” and a consensus target price of $493.94.

Insider Transactions at Microsoft

In other Microsoft news, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total value of $32,017,386.39. Following the completion of the transaction, the chief executive officer now directly owns 864,327 shares of the company’s stock, valued at approximately $353,189,942.01. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Microsoft news, CEO Satya Nadella sold 78,353 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 864,327 shares of the company’s stock, valued at approximately $353,189,942.01. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Amy Hood sold 38,000 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $410.55, for a total value of $15,600,900.00. Following the sale, the chief financial officer now directly owns 496,369 shares in the company, valued at $203,784,292.95. The disclosure for this sale can be found here. Insiders sold 190,629 shares of company stock valued at $77,916,485 over the last 90 days. Corporate 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.