Morton Brown Family Wealth LLC Grows Position in Microsoft Co. (NASDAQ:MSFT)

Morton Brown Family Wealth LLC lifted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 20.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,338 shares of the software giant’s stock after purchasing an additional 400 shares during the quarter. Microsoft comprises approximately 0.4% of Morton Brown Family Wealth LLC’s holdings, making the stock its 29th largest holding. Morton Brown Family Wealth LLC’s holdings in Microsoft were worth $1,006,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Christopher J. Hasenberg Inc increased its stake in 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 shares of Microsoft during the second quarter valued at about $45,000. Innealta Capital LLC purchased a new stake in shares of Microsoft during the second quarter worth about $75,000. Carolina Wealth Advisors LLC lifted its stake 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 worth $145,000 after acquiring an additional 31 shares in the last quarter. Finally, Bbjs Financial Advisors LLC boosted its holdings in 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 during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Activity

In related news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the sale, the executive vice president now owns 117,294 shares in the company, valued at $48,911,598. This represents a 17.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the sale, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. This trade represents a 4.82 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,200 shares of company stock valued at $17,383,892. 0.03% of the stock is currently owned by insiders.

Microsoft Trading Down 0.3 %

Shares of MSFT stock opened at $438.11 on Friday. Microsoft Co. has a fifty-two week low of $366.50 and a fifty-two week high of $468.35. The stock’s fifty day moving average price is $428.65 and its two-hundred day moving average price is $428.86. 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 company has a market cap of $3.26 trillion, a PE ratio of 36.15, a P/E/G ratio of 2.37 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $64.57 billion. During the same quarter in the prior year, the firm earned $2.99 EPS. The firm’s revenue was up 16.0% compared to the same quarter last year. Equities analysts predict that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft declared that its board has initiated a share buyback program on Monday, September 16th that permits the company to buyback $60.00 billion in outstanding shares. This buyback authorization permits the software giant to repurchase up to 1.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Microsoft Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on MSFT shares. Loop Capital lifted their price target on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday. Morgan Stanley boosted their target price on shares of Microsoft from $506.00 to $548.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, December 20th. Wedbush reiterated an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a research note on Tuesday, November 19th. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of Microsoft in a report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $509.90.

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.