Hohimer Wealth Management LLC Has $32.10 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Hohimer Wealth Management LLC raised its position in Microsoft Co. (NASDAQ:MSFT) by 10.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,133 shares of the software giant’s stock after purchasing an additional 6,856 shares during the quarter. Microsoft accounts for about 7.4% of Hohimer Wealth Management LLC’s holdings, making the stock its biggest holding. Hohimer Wealth Management LLC’s holdings in Microsoft were worth $32,098,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Christopher J. Hasenberg Inc raised its position in Microsoft by 169.2% in the second 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 during the last quarter. Richardson Capital Management LLC raised its position in shares of Microsoft by 1,290.0% during the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after acquiring an additional 129 shares during the last quarter. Innealta Capital LLC bought a new position in shares of Microsoft during the second quarter worth about $75,000. Bellevue Group AG raised its position in shares of Microsoft by 47.5% during the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after acquiring an additional 58 shares during the last quarter. Finally, Horizon Financial Services LLC bought a new position in shares of Microsoft during the first quarter worth about $80,000. 71.13% of the stock is currently owned by institutional investors.

Microsoft Trading Up 0.3 %

Shares of Microsoft stock opened at $418.16 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. Microsoft Co. has a 52 week low of $324.39 and a 52 week high of $468.35. The stock has a 50 day moving average price of $419.66 and a two-hundred day moving average price of $424.51. The stock has a market capitalization of $3.11 trillion, a PE ratio of 36.20, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced 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. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The business had revenue of $64.73 billion during the quarter, compared to the consensus estimate of $64.38 billion. During the same quarter in the prior year, the company posted $2.69 earnings per share. Microsoft’s revenue was up 15.2% compared to the same quarter last year. As a group, equities analysts anticipate that Microsoft Co. will post 13.02 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a $0.83 dividend. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.79%. Microsoft’s dividend payout ratio is presently 28.74%.

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

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of analyst reports. Mizuho raised their price objective on Microsoft from $450.00 to $480.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Argus raised their price objective on Microsoft from $475.00 to $526.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. The Goldman Sachs Group lowered their price objective on Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Piper Sandler lowered their price objective on Microsoft from $485.00 to $470.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Wells Fargo & Company reiterated a “buy” rating on shares of Microsoft in a report on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $495.68.

Insider Transactions at Microsoft

In other news, insider Bradford L. Smith sold 40,000 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $402.59, for a total value of $16,103,600.00. Following the completion of the sale, the insider now owns 544,847 shares in the company, valued at $219,349,953.73. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Amy Hood sold 38,000 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $410.55, for a total value of $15,600,900.00. Following the completion of the sale, the chief financial officer now owns 496,369 shares in the company, valued at $203,784,292.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Bradford L. Smith sold 40,000 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was 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 directly owns 544,847 shares in the company, valued at $219,349,953.73. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 190,629 shares of company stock worth $77,916,485 in the last quarter. 0.03% of the stock is currently owned by corporate insiders.

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.