White Wing Wealth Management Buys 31 Shares of Microsoft Co. (NASDAQ:MSFT)

White Wing Wealth Management lifted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 5.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 640 shares of the software giant’s stock after purchasing an additional 31 shares during the period. Microsoft accounts for approximately 0.2% of White Wing Wealth Management’s portfolio, making the stock its 23rd largest position. White Wing Wealth Management’s holdings in Microsoft were worth $275,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MSFT. Swedbank AB purchased a new stake in shares of Microsoft during the first quarter worth about $5,587,119,000. Wulff Hansen & CO. boosted its holdings in shares of Microsoft by 47,196.6% during the second quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant’s stock worth $2,160,850,000 after purchasing an additional 4,824,436 shares during the period. Vanguard Group Inc. boosted its holdings 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 during the period. Canada Pension Plan Investment Board boosted its holdings in shares of Microsoft by 77.6% during the first 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 during the period. Finally, M&G Plc purchased a new stake in shares of Microsoft during the first quarter worth about $846,072,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. DA Davidson lowered shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price for the company. in a report on Monday, September 23rd. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a report on Tuesday, November 5th. Morgan Stanley raised their price objective on shares of Microsoft from $506.00 to $548.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Oppenheimer lowered shares of Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Finally, UBS Group lowered their price objective on shares of Microsoft from $510.00 to $500.00 and set a “buy” rating for the company 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 company’s stock. Based on data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average target price of $503.03.

Microsoft Price Performance

Shares of MSFT opened at $417.00 on Friday. The company has a market capitalization of $3.10 trillion, a P/E ratio of 34.41, a price-to-earnings-growth ratio of 2.21 and a beta of 0.91. 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 firm has a 50 day moving average of $421.94 and a 200 day moving average of $426.07. Microsoft Co. has a twelve month low of $362.90 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.20. The company had revenue of $65.59 billion during 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 firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.99 earnings per share. As a group, equities research analysts anticipate 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. Shareholders of record on Thursday, November 21st will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Thursday, November 21st. This is an increase from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s payout ratio is 24.75%.

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

Insiders Place Their Bets

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction that occurred on Tuesday, November 12th. The shares were 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 of the company’s stock, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kathleen T. Hogan sold 17,378 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $411.85, for a total transaction of $7,157,129.30. Following the completion of the transaction, the executive vice president now directly owns 150,161 shares in the company, valued at approximately $61,843,807.85. The trade was a 10.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 183,431 shares of company stock valued at $74,956,968. Company insiders own 0.03% of the company’s stock.

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.