Microsoft Co. (NASDAQ:MSFT) Position Decreased by Keener Financial Planning LLC

Keener Financial Planning LLC lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 16.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,646 shares of the software giant’s stock after selling 525 shares during the quarter. Microsoft makes up 0.7% of Keener Financial Planning LLC’s portfolio, making the stock its 9th largest holding. Keener Financial Planning LLC’s holdings in Microsoft were worth $1,138,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MSFT. Capital International Investors raised its position in shares of Microsoft by 1.0% during the 1st quarter. Capital International Investors now owns 83,571,070 shares of the software giant’s stock valued at $35,160,020,000 after purchasing an additional 842,884 shares during the period. Ameriprise Financial Inc. raised its position in shares of Microsoft by 0.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant’s stock valued at $15,426,767,000 after purchasing an additional 97,075 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Microsoft by 6.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant’s stock valued at $10,768,771,000 after purchasing an additional 1,563,533 shares during the period. Rhumbline Advisers raised its position in shares of Microsoft by 0.3% during the 2nd quarter. Rhumbline Advisers now owns 14,738,956 shares of the software giant’s stock valued at $6,587,576,000 after purchasing an additional 45,220 shares during the period. Finally, Swedbank AB raised its position in shares of Microsoft by 0.4% during the 3rd quarter. Swedbank AB now owns 13,689,356 shares of the software giant’s stock valued at $5,890,530,000 after purchasing an additional 49,288 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were 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 directly owns 103,366 shares of the company’s stock, valued at $43,792,039.56. The trade was a 6.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the completion of the sale, the executive vice president now owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. This represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock valued at $17,383,892 in the last three months. Company insiders own 0.03% of the company’s stock.

Microsoft Price Performance

MSFT stock opened at $447.27 on Friday. Microsoft Co. has a 12 month low of $364.13 and a 12 month high of $468.35. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average price of $424.16 and a 200 day moving average price of $427.64. The stock has a market cap of $3.33 trillion, a PE ratio of 36.90, a P/E/G ratio of 2.38 and a beta of 0.90.

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, beating the consensus estimate 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 firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.99 EPS. Equities research analysts anticipate that Microsoft Co. will post 12.93 earnings per share for the current year.

Microsoft announced that its board has approved a stock repurchase plan 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 plans are generally an indication that the company’s board believes its stock is undervalued.

Microsoft Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently commented on MSFT. BMO Capital Markets decreased their price objective on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. UBS Group reduced their price target on shares of Microsoft from $510.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Oppenheimer downgraded shares of Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $505.43.

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.