Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Lee Johnson Capital Management LLC

Lee Johnson Capital Management LLC boosted its holdings in Microsoft Co. (NASDAQ:MSFT) by 1,172.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,886 shares of the software giant’s stock after purchasing an additional 9,109 shares during the quarter. Microsoft makes up about 2.2% of Lee Johnson Capital Management LLC’s investment portfolio, making the stock its 11th largest holding. Lee Johnson Capital Management LLC’s holdings in Microsoft were worth $4,254,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MSFT. Net Worth Advisory Group bought a new stake in shares of Microsoft in the 3rd quarter worth approximately $2,645,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Microsoft by 1.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock worth $882,816,000 after buying an additional 31,401 shares during the period. Jacobs & Co. CA lifted its stake in Microsoft by 0.9% in the third quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock valued at $41,318,000 after buying an additional 880 shares during the last quarter. New Harbor Financial Group LLC boosted its holdings in shares of Microsoft by 55.9% during the second quarter. New Harbor Financial Group LLC now owns 1,255 shares of the software giant’s stock valued at $561,000 after acquiring an additional 450 shares during the period. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in shares of Microsoft by 10.9% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 106,292 shares of the software giant’s stock worth $45,737,000 after acquiring an additional 10,421 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling

In other news, EVP Christopher David Young sold 7,200 shares of the 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 completion of the sale, the executive vice president now owns 103,366 shares in the company, valued at $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction on Monday, December 9th. The shares were sold at an average price of $447.41, for a total value of $1,118,525.00. Following the transaction, the chief marketing officer now owns 49,352 shares in the company, valued at $22,080,578.32. This represents a 4.82 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,200 shares of company stock valued at $17,383,892. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Citigroup cut their price objective 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. Oppenheimer cut Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Morgan Stanley increased their price objective on Microsoft from $506.00 to $548.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research note on Tuesday, November 5th. Finally, UBS Group decreased their price target on Microsoft from $510.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $504.36.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $449.56 on Friday. Microsoft Co. has a 52-week low of $364.13 and a 52-week high of $468.35. The stock has a market capitalization of $3.34 trillion, a price-to-earnings ratio of 37.09, a PEG ratio of 2.37 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. The stock’s fifty day simple moving average is $422.87 and its 200 day simple moving average is $427.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The firm had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. During the same quarter last year, the business posted $2.99 EPS. Microsoft’s revenue was up 16.0% on a year-over-year basis. As a group, sell-side analysts forecast that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft announced that its board has approved a stock repurchase program on Monday, September 16th that authorizes the company to buyback $60.00 billion in shares. This buyback authorization authorizes the software giant to repurchase up to 1.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its stock is undervalued.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.74%. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

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.