Mowery & Schoenfeld Wealth Management LLC Purchases 420 Shares of Microsoft Co. (NASDAQ:MSFT)

Mowery & Schoenfeld Wealth Management LLC lifted its position in Microsoft Co. (NASDAQ:MSFT) by 12.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,666 shares of the software giant’s stock after purchasing an additional 420 shares during the quarter. Microsoft accounts for 2.5% of Mowery & Schoenfeld Wealth Management LLC’s portfolio, making the stock its 8th largest position. Mowery & Schoenfeld Wealth Management LLC’s holdings in Microsoft were worth $1,578,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC grew its stake in shares of Microsoft by 48,526.1% in the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock valued at $16,567,258,000 after purchasing an additional 38,422,466 shares during the period. Ameriprise Financial Inc. boosted its stake in Microsoft by 0.3% in 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 buying an additional 97,075 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Microsoft by 6.9% in 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 buying an additional 1,563,533 shares in the last quarter. Rhumbline Advisers grew its position in Microsoft by 0.3% in the second quarter. Rhumbline Advisers now owns 14,738,956 shares of the software giant’s stock valued at $6,587,576,000 after acquiring an additional 45,220 shares during the period. Finally, Swedbank AB raised its stake in Microsoft by 0.4% during the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant’s stock worth $5,890,530,000 after acquiring an additional 49,288 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MSFT shares. DA Davidson lowered shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price on the stock. in a report on Monday, September 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research note on Tuesday, November 5th. Wedbush reiterated an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research note on Tuesday, November 19th. Piper Sandler reaffirmed an “overweight” rating and set a $470.00 price target on shares of Microsoft in a report on Thursday, October 31st. Finally, Stifel Nicolaus boosted their price objective on Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and a consensus target price of $508.46.

Microsoft Price Performance

Shares of MSFT opened at $436.60 on Friday. The stock has a market cap of $3.25 trillion, a P/E ratio of 36.02, a price-to-earnings-growth ratio of 2.37 and a beta of 0.90. Microsoft Co. has a 1 year low of $366.50 and a 1 year high of $468.35. The stock’s 50-day moving average price is $427.02 and its two-hundred day moving average price is $428.32. The company has a current ratio of 1.30, a quick ratio of 1.29 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 for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. During the same quarter last year, the firm earned $2.99 EPS. Microsoft’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, equities analysts predict that Microsoft Co. will post 12.93 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently disclosed 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. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio is currently 27.39%.

Microsoft declared that its Board of Directors has authorized a share buyback program on Monday, September 16th that authorizes the company to repurchase $60.00 billion in shares. This repurchase authorization authorizes the software giant to purchase up to 1.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other news, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the transaction, the chief marketing officer now owns 57,511 shares in the company, valued at $23,850,961.92. The trade was a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was 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 directly owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. The trade was a 17.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,200 shares of company stock valued at $17,383,892. 0.03% of the stock is owned by company insiders.

Microsoft 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.