Fullcircle Wealth LLC Purchases 324 Shares of Microsoft Co. (NASDAQ:MSFT)

Fullcircle Wealth LLC raised its position in Microsoft Co. (NASDAQ:MSFT) by 2.3% in the 3rd quarter, Holdings Channel reports. The fund owned 14,458 shares of the software giant’s stock after acquiring an additional 324 shares during the period. Microsoft accounts for approximately 2.7% of Fullcircle Wealth LLC’s holdings, making the stock its 4th biggest position. Fullcircle Wealth LLC’s holdings in Microsoft were worth $6,168,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Christopher J. Hasenberg Inc boosted its holdings in Microsoft by 169.2% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after purchasing an additional 44 shares in the last quarter. Quarry LP purchased a new stake in shares of Microsoft in the second quarter valued at approximately $45,000. Innealta Capital LLC acquired a new position in Microsoft during the second quarter worth $75,000. Carolina Wealth Advisors LLC raised its position in Microsoft by 10.1% in the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after acquiring an additional 31 shares in the last quarter. Finally, Bbjs Financial Advisors LLC lifted its holdings in Microsoft by 241.4% in the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock valued at $169,000 after acquiring an additional 268 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling

In other news, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total transaction 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the sale, the chief marketing officer now directly owns 57,511 shares of the company’s stock, valued at approximately $23,850,961.92. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,200 shares of company stock valued at $17,383,892. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Down 0.7 %

Shares of NASDAQ:MSFT opened at $418.58 on Friday. 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 firm has a market cap of $3.11 trillion, a price-to-earnings ratio of 34.54, a PEG ratio of 2.37 and a beta of 0.90. The stock’s 50-day moving average price is $428.83 and its two-hundred day moving average price is $428.45. Microsoft Co. has a 12-month low of $366.50 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. During the same period last year, the company earned $2.99 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. On average, research analysts forecast that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft announced that its board has initiated a stock repurchase program on Monday, September 16th that allows the company to repurchase $60.00 billion in shares. This repurchase authorization allows the software giant to reacquire up to 1.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.79%. Microsoft’s payout ratio is 27.39%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on MSFT shares. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, December 20th. KeyCorp increased their target price on shares of Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a report on Friday, October 18th. UBS Group boosted their price target on Microsoft from $500.00 to $525.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Truist Financial restated a “buy” rating and issued a $600.00 price target on shares of Microsoft in a report on Monday, October 28th. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of Microsoft in a report on Friday, October 18th. Three research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus price target of $509.90.

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.