Heirloom Wealth Management Has $23.07 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Heirloom Wealth Management raised its position in Microsoft Co. (NASDAQ:MSFT) by 2.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 53,604 shares of the software giant’s stock after acquiring an additional 1,264 shares during the quarter. Microsoft makes up 7.2% of Heirloom Wealth Management’s portfolio, making the stock its 3rd biggest holding. Heirloom Wealth Management’s holdings in Microsoft were worth $23,066,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MSFT. Christopher J. Hasenberg Inc grew its holdings in 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 purchasing an additional 44 shares during the period. Quarry LP purchased a new stake in shares of Microsoft in the second quarter worth $45,000. Innealta Capital LLC bought a new stake in shares of Microsoft during the 2nd quarter valued at $75,000. Bellevue Group AG lifted its stake in shares of Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after buying an additional 58 shares in the last quarter. Finally, Bbjs Financial Advisors LLC boosted its holdings in Microsoft by 241.4% in the 2nd quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock worth $169,000 after buying an additional 268 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Trading Up 0.2 %

Shares of Microsoft stock opened at $443.57 on Monday. Microsoft Co. has a 1-year low of $364.13 and a 1-year high of $468.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. The stock has a market cap of $3.30 trillion, a P/E ratio of 36.60, a P/E/G ratio of 2.32 and a beta of 0.90. The stock’s 50 day simple moving average is $421.47 and its 200-day simple moving average is $427.00.

Microsoft (NASDAQ:MSFT) last posted its quarterly 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 return on equity of 34.56% and a net margin of 35.61%. The business had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. During the same quarter in the previous year, the firm earned $2.99 EPS. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. Analysts predict that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft announced that its board has initiated a share buyback program on Monday, September 16th that allows the company to buyback $60.00 billion in outstanding shares. This buyback authorization allows the software giant to purchase up to 1.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Microsoft Dividend Announcement

The firm also recently disclosed 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 yield of 0.75%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio is presently 27.39%.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the completion of the transaction, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. This trade represents a 4.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the transaction, 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. Over the last three months, insiders sold 58,578 shares of company stock worth $24,450,096. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on MSFT. Piper Sandler reiterated an “overweight” rating and set a $470.00 target price on shares of Microsoft in a research report on Thursday, October 31st. BMO Capital Markets decreased their price objective on Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. Citigroup decreased their price objective on Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Finally, TD Cowen dropped their price objective on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $504.36.

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.