High Note Wealth LLC Has $9.37 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

High Note Wealth LLC lifted its stake in Microsoft Co. (NASDAQ:MSFT) by 0.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,777 shares of the software giant’s stock after purchasing an additional 86 shares during the quarter. Microsoft accounts for about 2.7% of High Note Wealth LLC’s investment portfolio, making the stock its 11th largest holding. High Note Wealth LLC’s holdings in Microsoft were worth $9,370,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Swedbank AB purchased a new position in shares of Microsoft during the 1st quarter valued at $5,587,119,000. Wulff Hansen & CO. boosted its position in Microsoft by 47,196.6% during the second quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant’s stock valued at $2,160,850,000 after purchasing an additional 4,824,436 shares during the last quarter. Vanguard Group Inc. grew its stake in Microsoft by 0.5% in the first quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant’s stock valued at $281,035,506,000 after purchasing an additional 3,078,099 shares in the last quarter. Canada Pension Plan Investment Board increased its position in Microsoft by 77.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 6,281,925 shares of the software giant’s stock worth $2,642,931,000 after purchasing an additional 2,744,900 shares during the last quarter. Finally, M&G Plc purchased a new stake in shares of Microsoft during the 1st quarter worth about $846,072,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on MSFT shares. Truist Financial restated a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a report on Monday, October 28th. Wedbush restated an “outperform” rating and set a $550.00 price target on shares of Microsoft in a report on Tuesday, November 19th. BMO Capital Markets decreased their price objective on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a report on Tuesday, November 5th. Finally, Oppenheimer downgraded Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $503.03.

Insider Activity

In other news, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the completion of the transaction, the chief marketing officer now directly owns 57,511 shares of the company’s stock, valued at approximately $23,850,961.92. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Amy Hood sold 38,000 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now owns 496,369 shares in the company, valued at approximately $203,784,292.95. The trade was a 7.11 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 209,431 shares of company stock valued at $85,796,688. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Up 0.4 %

Shares of NASDAQ MSFT opened at $418.79 on Tuesday. The company has a 50 day simple moving average of $421.69 and a 200 day simple moving average of $426.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. Microsoft Co. has a 1 year low of $362.90 and a 1 year high of $468.35. The firm has a market cap of $3.11 trillion, a PE ratio of 34.55, a price-to-earnings-growth ratio of 2.21 and a beta of 0.91.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $64.57 billion. During the same quarter last year, the firm earned $2.99 earnings per share. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, research analysts forecast that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s payout ratio is 27.39%.

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

About Microsoft

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.