Microsoft Co. (NASDAQ:MSFT) Shares Bought by MinichMacGregor Wealth Management LLC

MinichMacGregor Wealth Management LLC raised its position in Microsoft Co. (NASDAQ:MSFT) by 0.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 7,860 shares of the software giant’s stock after acquiring an additional 35 shares during the period. MinichMacGregor Wealth Management LLC’s holdings in Microsoft were worth $3,382,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MSFT. Catalyst Private Wealth LLC lifted its holdings in shares of Microsoft by 2.6% in the 3rd quarter. Catalyst Private Wealth LLC now owns 4,211 shares of the software giant’s stock valued at $1,812,000 after buying an additional 106 shares during the period. Global Wealth Management Investment Advisory Inc. raised its position in Microsoft by 3.5% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 25,064 shares of the software giant’s stock worth $10,785,000 after acquiring an additional 846 shares in the last quarter. Arthur M. Cohen & Associates LLC lifted its holdings in Microsoft by 0.4% in the third quarter. Arthur M. Cohen & Associates LLC now owns 62,060 shares of the software giant’s stock valued at $26,110,000 after acquiring an additional 248 shares during the period. Hanlon Investment Management Inc. boosted its position in shares of Microsoft by 6.3% during the 3rd quarter. Hanlon Investment Management Inc. now owns 6,836 shares of the software giant’s stock worth $2,942,000 after purchasing an additional 405 shares in the last quarter. Finally, Arista Wealth Management LLC grew its stake in shares of Microsoft by 3.6% during the 3rd quarter. Arista Wealth Management LLC now owns 6,212 shares of the software giant’s stock worth $2,673,000 after purchasing an additional 215 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Wedbush reiterated an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a research note on Tuesday, November 19th. KeyCorp lifted their price target on shares of Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Citigroup lowered their price target on Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. The Goldman Sachs Group reduced their price objective on Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Finally, Mizuho raised their price target on Microsoft from $480.00 to $510.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Two investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $511.62.

Insider Transactions at Microsoft

In related news, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total value of $414,720.00. Following the completion of the sale, the chief marketing officer now owns 57,511 shares of the company’s stock, valued at approximately $23,850,961.92. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Performance

Shares of MSFT stock opened at $427.85 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The firm has a market capitalization of $3.18 trillion, a price-to-earnings ratio of 35.30, a price-to-earnings-growth ratio of 2.37 and a beta of 0.90. Microsoft Co. has a one year low of $369.01 and a one year high of $468.35. The company has a 50 day moving average price of $428.64 and a 200 day moving average price of $427.95.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. During the same period in the prior year, the firm posted $2.99 EPS. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. Sell-side analysts anticipate that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft Dividend Announcement

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 paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio is currently 27.39%.

Microsoft declared that its board has approved a stock repurchase 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 purchase up to 1.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

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.