Microsoft Co. (NASDAQ:MSFT) Stock Holdings Boosted by KG&L Capital Management LLC

KG&L Capital Management LLC lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 3.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,970 shares of the software giant’s stock after buying an additional 573 shares during the quarter. Microsoft comprises about 3.1% of KG&L Capital Management LLC’s holdings, making the stock its 9th biggest holding. KG&L Capital Management LLC’s holdings in Microsoft were worth $8,922,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Neo Ivy Capital Management acquired a new position in Microsoft in the fourth quarter valued at $58,000. Richardson Capital Management LLC boosted its position in shares of Microsoft by 1,290.0% in the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after purchasing an additional 129 shares during the period. Bellevue Group AG grew its stake in Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after buying an additional 58 shares during the last quarter. Horizon Financial Services LLC acquired a new position in Microsoft during the first quarter worth approximately $80,000. Finally, Cooksen Wealth LLC purchased a new stake in Microsoft in the fourth quarter valued at approximately $86,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT stock opened at $435.27 on Monday. The stock has a fifty day moving average price of $420.92 and a 200 day moving average price of $424.33. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a market cap of $3.24 trillion, a PE ratio of 37.69, a P/E/G ratio of 2.14 and a beta of 0.90. Microsoft Co. has a 1 year low of $309.45 and a 1 year high of $468.35.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.05. The business had revenue of $64.73 billion during the quarter, compared to the consensus estimate of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The business’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.69 EPS. Sell-side analysts forecast that Microsoft Co. will post 13.04 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a $0.83 dividend. The ex-dividend date is Thursday, November 21st. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a dividend yield of 0.76%. Microsoft’s dividend payout ratio is currently 25.97%.

Microsoft declared that its Board of Directors has authorized a stock buyback plan on Monday, September 16th that allows the company to repurchase $60.00 billion in shares. This repurchase authorization allows the software giant to repurchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MSFT. UBS Group lowered their target price on shares of Microsoft from $520.00 to $510.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Oppenheimer lifted their price objective on shares of Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, June 7th. Piper Sandler reiterated an “overweight” rating and set a $485.00 target price on shares of Microsoft in a research note on Wednesday, July 31st. Tigress Financial boosted their price target on Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, June 13th. Finally, New Street Research began coverage on Microsoft in a research note on Monday, June 10th. They set a “buy” rating and a $570.00 price objective for the company. Two analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $494.72.

Insider Transactions at Microsoft

In related news, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total value of $32,017,386.39. Following the sale, the chief executive officer now owns 864,327 shares of the company’s stock, valued at approximately $353,189,942.01. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Satya Nadella sold 78,353 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total value of $32,017,386.39. Following the completion of the transaction, the chief executive officer now owns 864,327 shares of the company’s stock, valued at approximately $353,189,942.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradford L. Smith sold 40,000 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the completion of the transaction, the insider now owns 544,847 shares in the company, valued at $219,349,953.73. The disclosure for this sale can be found here. Insiders sold a total of 190,629 shares of company stock valued at $77,916,485 in the last ninety days. Corporate insiders own 0.03% of the company’s stock.

About Microsoft

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.