Microsoft Co. (NASDAQ:MSFT) Shares Bought by Tempus Wealth Planning LLC

Tempus Wealth Planning LLC raised its position in Microsoft Co. (NASDAQ:MSFT) by 1.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,230 shares of the software giant’s stock after purchasing an additional 273 shares during the period. Microsoft comprises about 3.3% of Tempus Wealth Planning LLC’s investment portfolio, making the stock its 3rd largest position. Tempus Wealth Planning LLC’s holdings in Microsoft were worth $9,135,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MSFT. FSC Wealth Advisors LLC boosted its position in shares of Microsoft by 3.1% in the third quarter. FSC Wealth Advisors LLC now owns 3,756 shares of the software giant’s stock worth $1,616,000 after acquiring an additional 113 shares during the last quarter. Accordant Advisory Group Inc lifted its stake in shares of Microsoft by 7.3% in the 3rd quarter. Accordant Advisory Group Inc now owns 3,395 shares of the software giant’s stock valued at $1,461,000 after purchasing an additional 230 shares in the last quarter. Westhampton Capital LLC raised its stake in shares of Microsoft by 1.9% in the 3rd quarter. Westhampton Capital LLC now owns 8,684 shares of the software giant’s stock valued at $3,737,000 after acquiring an additional 160 shares during the period. Pictet North America Advisors SA lifted its stake in shares of Microsoft by 0.6% during the third quarter. Pictet North America Advisors SA now owns 94,699 shares of the software giant’s stock worth $40,625,000 after purchasing an additional 569 shares in the last quarter. Finally, Metropolis Capital Ltd boosted its holdings in Microsoft by 180.2% in the 3rd quarter. Metropolis Capital Ltd now owns 657,098 shares of the software giant’s stock worth $282,749,000 after acquiring an additional 422,573 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the sale, the executive vice president now owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. This trade 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 accessible through the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the transaction, the chief marketing officer now directly owns 49,352 shares in the company, valued at approximately $22,080,578.32. The trade was 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.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Truist Financial reissued a “buy” rating and set a $600.00 target price on shares of Microsoft in a research report on Monday, October 28th. KeyCorp upped their target price on Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Citigroup dropped their price target on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research report on Tuesday, November 5th. Finally, Morgan Stanley upped their price target on Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $505.43.

Microsoft Stock Up 1.0 %

MSFT opened at $451.59 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The stock’s fifty day moving average is $425.00 and its 200-day moving average is $427.76. Microsoft Co. has a one year low of $366.50 and a one year high of $468.35. The company has a market capitalization of $3.36 trillion, a PE ratio of 37.26, a P/E/G ratio of 2.38 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.20. The firm had revenue of $65.59 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter 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 fiscal year.

Microsoft declared that its Board of Directors has approved a stock buyback program on Monday, September 16th that allows the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization allows the software giant to repurchase up to 1.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Microsoft Dividend Announcement

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 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.