Microsoft Co. (NASDAQ:MSFT) is KPP Advisory Services LLC’s 5th Largest Position

KPP Advisory Services LLC boosted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,331 shares of the software giant’s stock after purchasing an additional 155 shares during the period. Microsoft makes up 3.2% of KPP Advisory Services LLC’s holdings, making the stock its 5th biggest holding. KPP Advisory Services LLC’s holdings in Microsoft were worth $12,216,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Rebalance LLC grew its holdings in shares of Microsoft by 0.7% during the second quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock worth $1,542,000 after purchasing an additional 24 shares during the last quarter. First National Bank Sioux Falls boosted its position in shares of Microsoft by 0.4% in the 2nd quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant’s stock valued at $2,834,000 after purchasing an additional 24 shares during the period. Doheny Asset Management CA grew its stake in Microsoft by 0.4% during the 1st quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant’s stock worth $2,691,000 after buying an additional 25 shares during the last quarter. Flagship Private Wealth LLC increased its position in Microsoft by 2.8% during the second quarter. Flagship Private Wealth LLC now owns 913 shares of the software giant’s stock worth $408,000 after buying an additional 25 shares during the period. Finally, Massachusetts Wealth Management increased its position in Microsoft by 0.3% during the second quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant’s stock worth $4,309,000 after buying an additional 25 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Down 2.8 %

MSFT stock opened at $415.00 on Friday. The company has a 50 day moving average price of $422.08 and a two-hundred day moving average price of $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. The stock has a market capitalization of $3.09 trillion, a P/E ratio of 34.24, a PEG ratio of 2.25 and a beta of 0.91. Microsoft Co. has a one year low of $362.90 and a one year high of $468.35.

Microsoft (NASDAQ:MSFT) last announced 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 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 quarter in the previous year, the business earned $2.99 earnings per share. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, sell-side analysts expect that Microsoft Co. will post 12.94 EPS for the current year.

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

Microsoft Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.83 per share. 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 0.80%. The ex-dividend date is Thursday, November 21st. Microsoft’s dividend payout ratio is presently 27.39%.

Insider Buying and Selling

In other Microsoft 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 value 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. This trade represents a 6.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Amy Hood sold 38,000 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total value of $15,600,900.00. Following the sale, the chief financial officer now owns 496,369 shares of the company’s stock, valued at approximately $203,784,292.95. The trade was a 7.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 197,829 shares of company stock valued at $80,966,837. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MSFT shares. Citigroup lowered their target price on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. BMO Capital Markets lowered their price objective on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Oppenheimer cut shares of Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Piper Sandler reiterated an “overweight” rating and set a $470.00 target price on shares of Microsoft in a research note on Thursday, October 31st. Finally, Wedbush restated an “underperform” rating on shares of Microsoft in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $503.03.

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.