Microsoft Co. (NASDAQ:MSFT) Stake Lifted by Physician Wealth Advisors Inc.

Physician Wealth Advisors Inc. raised its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,880 shares of the software giant’s stock after purchasing an additional 109 shares during the quarter. Microsoft comprises 1.2% of Physician Wealth Advisors Inc.’s portfolio, making the stock its 24th largest holding. Physician Wealth Advisors Inc.’s holdings in Microsoft were worth $6,650,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Firethorn Wealth Partners LLC boosted its stake in shares of Microsoft by 4.9% during the 3rd quarter. Firethorn Wealth Partners LLC now owns 9,582 shares of the software giant’s stock worth $4,123,000 after acquiring an additional 446 shares in the last quarter. Provident Wealth Management LLC lifted its holdings in shares of Microsoft by 11.3% during the third quarter. Provident Wealth Management LLC now owns 2,659 shares of the software giant’s stock valued at $1,144,000 after purchasing an additional 270 shares during the last quarter. BOS Asset Management LLC boosted its position in shares of Microsoft by 0.6% in the 3rd quarter. BOS Asset Management LLC now owns 7,467 shares of the software giant’s stock valued at $3,213,000 after purchasing an additional 45 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in Microsoft by 10.9% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 106,292 shares of the software giant’s stock worth $45,737,000 after purchasing an additional 10,421 shares in the last quarter. Finally, PCG Wealth Advisors LLC raised its holdings in Microsoft by 20.8% during the 3rd quarter. PCG Wealth Advisors LLC now owns 6,662 shares of the software giant’s stock worth $2,867,000 after buying an additional 1,145 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Microsoft news, CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $414.72, for a total transaction of $414,720.00. Following the sale, the chief marketing officer now directly owns 57,511 shares of the company’s stock, valued at $23,850,961.92. The trade was a 1.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kathleen T. Hogan sold 17,378 shares of Microsoft stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $411.85, for a total transaction of $7,157,129.30. Following the completion of the transaction, the executive vice president now directly owns 150,161 shares of the company’s stock, valued at approximately $61,843,807.85. This trade represents a 10.37 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 98,578 shares of company stock valued at $40,553,696. 0.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on MSFT. Citigroup dropped 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. Piper Sandler reiterated an “overweight” rating and set a $470.00 price objective on shares of Microsoft in a research report on Thursday, October 31st. The Goldman Sachs Group reduced their target price on Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, October 10th. BMO Capital Markets lowered their price target on Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Finally, Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. Two equities research 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $504.36.

Microsoft Trading Up 0.2 %

Shares of MSFT stock opened at $443.57 on Friday. The business’s 50 day moving average is $421.16 and its two-hundred day moving average is $426.89. Microsoft Co. has a 12 month low of $364.13 and a 12 month high of $468.35. The company has a market cap of $3.30 trillion, a PE ratio of 36.60, a price-to-earnings-growth ratio of 2.29 and a beta of 0.90. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. The company had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.99 EPS. Equities analysts predict that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft announced that its Board of Directors has authorized a stock repurchase program on Monday, September 16th that allows the company to repurchase $60.00 billion in shares. This repurchase authorization allows the software giant to buy up to 1.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio is currently 27.39%.

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.