Goodman Advisory Group LLC Has $12.69 Million Position in Microsoft Co. (NASDAQ:MSFT)

Goodman Advisory Group LLC increased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 12.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 28,391 shares of the software giant’s stock after buying an additional 3,153 shares during the period. Microsoft accounts for about 3.8% of Goodman Advisory Group LLC’s portfolio, making the stock its 6th largest holding. Goodman Advisory Group LLC’s holdings in Microsoft were worth $12,689,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Christopher J. Hasenberg Inc raised its stake in Microsoft by 169.2% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after purchasing an additional 44 shares in the last quarter. Innealta Capital LLC acquired a new stake in Microsoft in the 2nd quarter worth about $75,000. Bellevue Group AG raised its position in shares of Microsoft by 47.5% in the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after buying an additional 58 shares in the last quarter. Bbjs Financial Advisors LLC raised its position in shares of Microsoft by 241.4% in the 2nd quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock valued at $169,000 after buying an additional 268 shares in the last quarter. Finally, MayTech Global Investments LLC acquired a new position in shares of Microsoft in the 2nd quarter valued at approximately $200,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Trading Up 0.5 %

NASDAQ:MSFT opened at $425.20 on Thursday. The firm’s fifty day moving average is $421.38 and its 200-day moving average is $425.44. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. Microsoft Co. has a 52 week low of $362.90 and a 52 week high of $468.35. The firm has a market cap of $3.16 trillion, a P/E ratio of 35.08, a P/E/G ratio of 2.24 and a beta of 0.91.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data 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 company had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. During the same period in the prior year, the firm posted $2.99 EPS. The company’s quarterly revenue was up 16.0% on a year-over-year basis. Equities analysts expect that Microsoft Co. will post 12.94 earnings per share for the current year.

Microsoft declared that its board has authorized a stock buyback program on Monday, September 16th that allows the company to buyback $60.00 billion in outstanding shares. This buyback authorization allows the software giant to reacquire up to 1.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Microsoft Increases Dividend

The company also recently disclosed 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. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, November 21st. Microsoft’s dividend payout ratio is currently 24.75%.

Insider Activity

In related news, CEO Satya Nadella sold 78,353 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the transaction, the chief executive officer now owns 864,327 shares in the company, valued at $353,189,942.01. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Christopher David Young sold 7,200 shares of the business’s 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 $43,792,039.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Satya Nadella sold 78,353 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the transaction, the chief executive officer now owns 864,327 shares in the company, valued at $353,189,942.01. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 197,829 shares of company stock valued at $80,966,837. 0.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. Sanford C. Bernstein dropped their target price on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. UBS Group dropped their target price on shares of Microsoft from $510.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Citigroup dropped their target price on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $470.00 price target on shares of Microsoft in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have given a buy rating to the company’s stock. According to data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and an average target price of $503.03.

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.