Boston Mountain Money Management Inc. Has $821,000 Stock Position in Microsoft Co. (NASDAQ:MSFT)

Boston Mountain Money Management Inc. lowered its position in Microsoft Co. (NASDAQ:MSFT) by 3.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,907 shares of the software giant’s stock after selling 60 shares during the period. Microsoft accounts for approximately 0.5% of Boston Mountain Money Management Inc.’s portfolio, making the stock its 23rd largest position. Boston Mountain Money Management Inc.’s holdings in Microsoft were worth $821,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MSFT. Rebalance LLC increased its position in shares of Microsoft by 0.7% in the 2nd quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock valued at $1,542,000 after acquiring an additional 24 shares during the period. First National Bank Sioux Falls raised its position in shares of Microsoft by 0.4% during the 2nd quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant’s stock worth $2,834,000 after purchasing an additional 24 shares during the last quarter. Doheny Asset Management CA lifted its holdings in Microsoft by 0.4% in the 1st quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant’s stock valued at $2,691,000 after purchasing an additional 25 shares in the last quarter. Flagship Private Wealth LLC raised its holdings in Microsoft by 2.8% in the 2nd quarter. Flagship Private Wealth LLC now owns 913 shares of the software giant’s stock valued at $408,000 after acquiring an additional 25 shares during the last quarter. Finally, Massachusetts Wealth Management grew its holdings in Microsoft by 0.3% in the 2nd quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant’s stock valued at $4,309,000 after buying an additional 25 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several analyst reports. The Goldman Sachs Group lowered their price objective on Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. DA Davidson lowered shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective on the stock. in a report on Monday, September 23rd. Sanford C. Bernstein reduced their price objective 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. BMO Capital Markets reduced their price objective on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Finally, Oppenheimer cut Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $503.03.

Insider Activity at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $430.87, for a total value of $1,077,175.00. Following the sale, the chief marketing officer now directly owns 53,852 shares of the company’s stock, valued at $23,203,211.24. This trade represents a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Satya Nadella sold 78,353 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the completion of the sale, the chief executive officer now directly owns 864,327 shares in the company, valued at approximately $353,189,942.01. This trade represents a 8.31 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 212,931 shares of company stock valued at $87,297,343. Insiders own 0.03% of the company’s stock.

Microsoft Stock Up 1.8 %

Shares of MSFT opened at $430.98 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The firm has a market cap of $3.20 trillion, a PE ratio of 35.56, a price-to-earnings-growth ratio of 2.25 and a beta of 0.91. The company’s fifty day moving average is $420.84 and its two-hundred day moving average is $426.55. Microsoft Co. has a fifty-two week low of $362.90 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.20. The company had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. Microsoft’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.99 earnings per share. Analysts forecast that Microsoft Co. will post 12.93 earnings per share for the current year.

Microsoft Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a dividend of $0.83 per share. This is an increase from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 21st. This represents a $3.32 annualized dividend and a yield of 0.77%. Microsoft’s payout ratio is 27.39%.

Microsoft announced that its Board of Directors has authorized a share repurchase 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 purchase up to 1.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.