Microsoft Co. (NASDAQ:MSFT) Shares Bought by Consilio Wealth Advisors LLC

Consilio Wealth Advisors LLC boosted its position in Microsoft Co. (NASDAQ:MSFT) by 3.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,388 shares of the software giant’s stock after acquiring an additional 1,709 shares during the quarter. Microsoft accounts for 9.1% of Consilio Wealth Advisors LLC’s investment portfolio, making the stock its 2nd biggest position. Consilio Wealth Advisors LLC’s holdings in Microsoft were worth $22,111,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MSFT. Vanguard Group Inc. lifted its position in shares of Microsoft by 0.5% during the first quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant’s stock worth $281,035,506,000 after purchasing an additional 3,078,099 shares in the last quarter. Capital International Investors increased its position in shares of Microsoft by 1.0% in the 1st quarter. Capital International Investors now owns 83,571,070 shares of the software giant’s stock worth $35,160,020,000 after purchasing an additional 842,884 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Microsoft by 0.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant’s stock valued at $15,426,767,000 after purchasing an additional 97,075 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Microsoft by 6.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant’s stock worth $10,768,771,000 after buying an additional 1,563,533 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Microsoft by 0.3% in the second quarter. Rhumbline Advisers now owns 14,738,956 shares of the software giant’s stock worth $6,587,576,000 after purchasing an additional 45,220 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on MSFT. Citigroup decreased their target price on Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. The Goldman Sachs Group cut their price objective on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Oppenheimer downgraded Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. TD Cowen lowered their target price on Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, Sanford C. Bernstein dropped their price target on Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average target price of $503.03.

Insider Buying and Selling

In other Microsoft news, CFO Amy Hood sold 38,000 shares of Microsoft stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the completion of the sale, the chief financial officer now owns 496,369 shares of the company’s stock, valued at approximately $203,784,292.95. The trade was a 7.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Satya Nadella sold 14,398 shares of the stock in a transaction on Friday, August 23rd. The shares were 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 directly owns 786,933 shares in the company, valued at approximately $328,473,703.53. This trade represents a 1.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 197,829 shares of company stock worth $80,966,837 in the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Microsoft Trading Down 0.6 %

Shares of MSFT stock opened at $415.49 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $422.46 and its two-hundred day moving average is $426.13. The company has a market cap of $3.09 trillion, a PE ratio of 34.28, a price-to-earnings-growth ratio of 2.20 and a beta of 0.91. Microsoft Co. has a 12 month low of $362.90 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly 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. The firm had revenue of $65.59 billion for the quarter, compared to the consensus estimate of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.99 earnings per share. Equities analysts predict that Microsoft Co. will post 12.94 EPS for the current year.

Microsoft Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.80%. This is a boost from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 21st. Microsoft’s dividend payout ratio is currently 27.39%.

Microsoft declared that its Board of Directors has initiated a share buyback program on Monday, September 16th that authorizes the company to buyback $60.00 billion in outstanding shares. This buyback authorization authorizes the software giant to buy up to 1.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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.