TFG Advisers LLC Has $13.29 Million Stake in Microsoft Co. (NASDAQ:MSFT)

TFG Advisers LLC trimmed its position in Microsoft Co. (NASDAQ:MSFT) by 0.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,886 shares of the software giant’s stock after selling 42 shares during the quarter. Microsoft makes up 4.8% of TFG Advisers LLC’s holdings, making the stock its 2nd largest position. TFG Advisers LLC’s holdings in Microsoft were worth $13,290,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the company. Christopher J. Hasenberg Inc boosted its holdings in shares of Microsoft by 169.2% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after buying an additional 44 shares during the period. Quarry LP acquired a new stake in Microsoft during the second quarter worth approximately $45,000. Innealta Capital LLC bought a new stake in shares of Microsoft during the second quarter worth approximately $75,000. Carolina Wealth Advisors LLC grew its position in shares of Microsoft by 10.1% in the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after purchasing an additional 31 shares during the last quarter. Finally, Bbjs Financial Advisors LLC increased its stake in shares of Microsoft by 241.4% during the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock worth $169,000 after purchasing an additional 268 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Truist Financial reaffirmed a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a report on Monday, October 28th. Mizuho raised their price target on shares of Microsoft from $480.00 to $510.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. TD Cowen cut their price objective on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, October 31st. StockNews.com raised shares of Microsoft from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Finally, 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. Two research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and an average price target of $505.43.

Insiders Place Their Bets

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of the stock in a transaction dated 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 directly owns 103,366 shares in the company, valued at approximately $43,792,039.56. This trade represents a 6.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief marketing officer now directly owns 49,352 shares in the company, valued at $22,080,578.32. This represents a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is currently owned by insiders.

Microsoft Price Performance

MSFT stock opened at $454.46 on Wednesday. The company has a market capitalization of $3.38 trillion, a P/E ratio of 37.50, a PEG ratio of 2.38 and a beta of 0.90. The company has a fifty day moving average price of $425.79 and a 200-day moving average price of $428.04. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. Microsoft Co. has a 52-week low of $366.50 and a 52-week high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its 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 firm had revenue of $65.59 billion for the quarter, compared to the consensus estimate of $64.57 billion. During the same period in the previous year, the business earned $2.99 EPS. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. As a group, equities analysts expect that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s payout ratio is presently 27.39%.

Microsoft declared that its Board of Directors has initiated a stock buyback plan 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 plans are typically an indication that the company’s board believes its shares are undervalued.

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.