Traveka Wealth LLC Increases Stock Position in Microsoft Co. (NASDAQ:MSFT)

Traveka Wealth LLC lifted its stake in Microsoft Co. (NASDAQ:MSFT) by 0.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,514 shares of the software giant’s stock after buying an additional 126 shares during the period. Microsoft makes up approximately 3.2% of Traveka Wealth LLC’s investment portfolio, making the stock its 7th biggest position. Traveka Wealth LLC’s holdings in Microsoft were worth $6,245,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Christopher J. Hasenberg Inc lifted its position in Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after purchasing an additional 44 shares during the period. Quarry LP acquired a new position in shares of Microsoft in the 2nd quarter valued at approximately $45,000. Innealta Capital LLC bought a new stake in shares of Microsoft during the 2nd quarter worth approximately $75,000. Bellevue Group AG boosted its position in shares of 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 acquiring an additional 58 shares in the last quarter. Finally, Bbjs Financial Advisors LLC raised its position in Microsoft by 241.4% during 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.

Microsoft Trading Up 1.0 %

NASDAQ MSFT opened at $417.00 on Friday. The stock has a market cap of $3.10 trillion, a P/E ratio of 34.41, a price-to-earnings-growth ratio of 2.19 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 stock has a 50 day simple moving average of $421.94 and a two-hundred day simple moving average of $426.19. 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 posted its earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. During the same period last year, the company posted $2.99 EPS. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, analysts forecast that Microsoft Co. will post 12.93 earnings per share for the current year.

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

Microsoft Increases Dividend

The company also recently disclosed 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 represents a $3.32 annualized dividend and a yield of 0.80%. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio (DPR) is currently 27.39%.

Insider Activity

In other news, CEO Satya Nadella sold 78,353 shares of the stock in a transaction 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 directly owns 864,327 shares of the company’s stock, valued at approximately $353,189,942.01. This represents a 8.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 183,431 shares of company stock worth $74,956,968. Corporate insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MSFT shares. Oppenheimer lowered Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. lowered their target price on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Wedbush reissued an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a report on Tuesday, November 19th. UBS Group decreased their price target on shares of Microsoft from $510.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, Sanford C. Bernstein dropped their price objective on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on 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.