Penn Davis Mcfarland Inc. Boosts Holdings in Microsoft Co. (NASDAQ:MSFT)

Penn Davis Mcfarland Inc. grew its holdings in Microsoft Co. (NASDAQ:MSFT) by 1,341.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,886 shares of the software giant’s stock after purchasing an additional 25,952 shares during the quarter. Microsoft accounts for about 1.3% of Penn Davis Mcfarland Inc.’s holdings, making the stock its 25th biggest holding. Penn Davis Mcfarland Inc.’s holdings in Microsoft were worth $11,999,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MSFT. Rebalance LLC grew its stake in Microsoft by 0.7% during 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 in the last quarter. First National Bank Sioux Falls grew its stake in shares of Microsoft by 0.4% in the 2nd quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant’s stock valued at $2,834,000 after buying an additional 24 shares in the last quarter. Flagship Private Wealth LLC grew its stake in shares of 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 buying an additional 25 shares in the last quarter. Massachusetts Wealth Management grew its stake in shares of 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. Finally, Deseret Mutual Benefit Administrators grew its stake in shares of Microsoft by 0.8% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 3,255 shares of the software giant’s stock valued at $1,455,000 after buying an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Activity

In other news, CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was 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 in the company, valued at approximately $23,850,961.92. The trade was a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total value of $10,425,000.00. Following the sale, the executive vice president now owns 117,294 shares in the company, valued at approximately $48,911,598. This represents a 17.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,200 shares of company stock worth $17,383,892. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. UBS Group lowered 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. KeyCorp boosted their price target on Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Mizuho boosted their price target on Microsoft from $480.00 to $510.00 and gave the company an “outperform” rating in a research note on Friday. Morgan Stanley boosted their price target on Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, Truist Financial restated a “buy” rating and issued a $600.00 target price on shares of Microsoft in a report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $505.43.

Microsoft Stock Down 0.5 %

Shares of 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 firm has a market cap of $3.33 trillion, a PE ratio of 36.90, a price-to-earnings-growth ratio of 2.38 and a beta of 0.90. The stock has a 50 day moving average of $424.16 and a 200-day moving average of $427.64. 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 released 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 business had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. Microsoft’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.99 earnings per share. On average, 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 share repurchase plan on Monday, September 16th that authorizes the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization authorizes the software giant to repurchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Microsoft Announces Dividend

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

Microsoft Company 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.