IMPACTfolio LLC Has $1.65 Million Position in Microsoft Co. (NASDAQ:MSFT)

IMPACTfolio LLC lowered its stake in Microsoft Co. (NASDAQ:MSFT) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,834 shares of the software giant’s stock after selling 53 shares during the quarter. Microsoft accounts for approximately 0.9% of IMPACTfolio LLC’s portfolio, making the stock its 14th largest position. IMPACTfolio LLC’s holdings in Microsoft were worth $1,650,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MSFT. Christopher J. Hasenberg Inc grew its holdings in shares of Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after buying an additional 44 shares during the last quarter. Quarry LP acquired a new position in Microsoft during the 2nd quarter valued at about $45,000. Innealta Capital LLC acquired a new position in Microsoft during the 2nd quarter valued at about $75,000. Bellevue Group AG increased its holdings 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 purchasing an additional 58 shares in the last quarter. Finally, Bbjs Financial Advisors LLC lifted its holdings in shares of Microsoft by 241.4% in the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock valued at $169,000 after purchasing an additional 268 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MSFT shares. The Goldman Sachs Group decreased their price target on Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, October 10th. UBS Group lowered their target price on shares of Microsoft from $510.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. JPMorgan Chase & Co. decreased their price objective on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research note on Tuesday, November 5th. One 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. Based on data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and an average target price of $503.03.

Microsoft Trading Down 2.8 %

Microsoft stock opened at $415.00 on Monday. The stock has a market cap of $3.09 trillion, a P/E ratio of 34.24, a PEG ratio of 2.20 and a beta of 0.91. Microsoft Co. has a fifty-two week low of $362.90 and a fifty-two week high of $468.35. The firm’s fifty day moving average price is $422.34 and its 200-day moving average price is $426.00. 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 (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.20. The firm had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The company’s revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.99 EPS. Equities research analysts forecast that Microsoft Co. will post 12.94 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.83 per share. 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 yield of 0.80%. Microsoft’s payout ratio is presently 24.75%.

Microsoft declared that its Board of Directors has initiated a share buyback plan on Monday, September 16th that authorizes the company to buyback $60.00 billion in outstanding shares. This buyback authorization authorizes the software giant to repurchase up to 1.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total value of $6,009,869.18. Following the completion of the sale, the chief executive officer now owns 786,933 shares of the company’s stock, valued at $328,473,703.53. This represents a 1.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction that occurred on Tuesday, November 12th. The stock was 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 directly owns 103,366 shares in the company, valued at $43,792,039.56. This trade represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 197,829 shares of company stock valued at $80,966,837 in the last quarter. Corporate insiders own 0.03% of the company’s stock.

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.