Landmark Wealth Management LLC Buys New Holdings in Microsoft Co. (NASDAQ:MSFT)

Landmark Wealth Management LLC purchased a new stake in Microsoft Co. (NASDAQ:MSFT) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,235 shares of the software giant’s stock, valued at approximately $531,000.

Several other institutional investors and hedge funds have also modified their holdings of MSFT. WFA Asset Management Corp lifted its stake in Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after buying an additional 216 shares in the last quarter. Insight Advisors LLC PA grew its stake in shares of Microsoft by 0.5% in the 2nd quarter. Insight Advisors LLC PA now owns 19,653 shares of the software giant’s stock valued at $8,787,000 after buying an additional 105 shares during the period. Brendel Financial Advisors LLC purchased a new stake in shares of Microsoft during the 2nd quarter valued at approximately $3,484,000. Wedmont Private Capital grew its position in Microsoft by 6.7% in the second quarter. Wedmont Private Capital now owns 85,591 shares of the software giant’s stock worth $38,820,000 after acquiring an additional 5,344 shares during the period. Finally, Roman Butler Fullerton & Co. increased its stake in Microsoft by 4.1% during the second quarter. Roman Butler Fullerton & Co. now owns 33,420 shares of the software giant’s stock worth $15,582,000 after acquiring an additional 1,305 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Activity at Microsoft

In related news, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction dated 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 transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the transaction, the chief marketing officer now directly owns 57,511 shares in the company, valued at approximately $23,850,961.92. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 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 Price Performance

Shares of MSFT opened at $427.85 on Tuesday. The firm has a fifty day moving average price of $428.64 and a 200 day moving average price of $427.95. The stock has a market cap of $3.18 trillion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 2.37 and a beta of 0.90. Microsoft Co. has a 1-year low of $369.01 and a 1-year high of $468.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating analysts’ consensus estimates 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 in the previous year, the company posted $2.99 EPS. The company’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft announced that its board has approved a stock repurchase plan 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 stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Microsoft Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.78%. Microsoft’s payout ratio is currently 27.39%.

Analyst Ratings Changes

Several research analysts have weighed in on MSFT shares. Oppenheimer lowered shares of Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. Mizuho lifted their price objective on Microsoft from $480.00 to $510.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. BMO Capital Markets decreased their target price on Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Sanford C. Bernstein dropped their target price on Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $511.62.

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.