Hibernia Wealth Partners LLC Buys 513 Shares of Microsoft Co. (NASDAQ:MSFT)

Hibernia Wealth Partners LLC grew its position in Microsoft Co. (NASDAQ:MSFT) by 16.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,556 shares of the software giant’s stock after purchasing an additional 513 shares during the quarter. Microsoft comprises approximately 0.5% of Hibernia Wealth Partners LLC’s investment portfolio, making the stock its 25th biggest holding. Hibernia Wealth Partners LLC’s holdings in Microsoft were worth $1,530,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Christopher J. Hasenberg Inc lifted its holdings in shares of Microsoft by 169.2% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after buying an additional 44 shares during the period. Quarry LP purchased a new position in Microsoft in the second quarter worth approximately $45,000. Innealta Capital LLC purchased a new stake in Microsoft in the 2nd quarter valued at about $75,000. Carolina Wealth Advisors LLC grew its position in Microsoft by 10.1% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after acquiring an additional 31 shares in the last quarter. Finally, Bbjs Financial Advisors LLC grew its holdings in shares of Microsoft by 241.4% in the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock valued at $169,000 after purchasing an additional 268 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MSFT. Morgan Stanley increased 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. The Goldman Sachs Group lowered their price target on Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Truist Financial reaffirmed a “buy” rating and set a $600.00 price objective on shares of Microsoft in a report on Monday, October 28th. Loop Capital lifted their target price on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a report on Monday. Finally, JPMorgan Chase & Co. dropped their target price on Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Three 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.com, Microsoft presently has an average rating of “Moderate Buy” and a consensus target price of $509.90.

Insider Transactions at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction that occurred on 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 sale, the chief marketing officer now owns 49,352 shares of the company’s stock, valued at $22,080,578.32. This trade represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the stock in a transaction on 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 transaction, the executive vice president now owns 117,294 shares in the company, valued at $48,911,598. This trade represents a 17.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock worth $17,383,892 in the last ninety days. Insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT opened at $439.33 on Thursday. Microsoft Co. has a 12-month low of $366.50 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 of $427.76 and a two-hundred day moving average of $428.69. The stock has a market cap of $3.27 trillion, a P/E ratio of 36.25, a PEG ratio of 2.37 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.20. The firm had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.99 EPS. As a group, research analysts predict that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.76%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is 27.39%.

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