Barry Investment Advisors LLC Has $349,000 Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Barry Investment Advisors LLC lowered its stake in Microsoft Co. (NASDAQ:MSFT) by 29.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 811 shares of the software giant’s stock after selling 336 shares during the quarter. Barry Investment Advisors LLC’s holdings in Microsoft were worth $349,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC increased its stake in shares of Microsoft by 48,526.1% during the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock worth $16,567,258,000 after purchasing an additional 38,422,466 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Microsoft by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant’s stock worth $15,426,767,000 after purchasing an additional 97,075 shares during the period. Dimensional Fund Advisors LP grew its holdings in Microsoft by 6.9% during the second quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant’s stock worth $10,768,771,000 after purchasing an additional 1,563,533 shares during the period. Rhumbline Advisers increased its position in Microsoft by 0.3% during the second quarter. Rhumbline Advisers now owns 14,738,956 shares of the software giant’s stock worth $6,587,576,000 after buying an additional 45,220 shares during the last quarter. Finally, Swedbank AB raised its stake in Microsoft by 0.4% in the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant’s stock valued at $5,890,530,000 after buying an additional 49,288 shares during the period. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the sale, the executive vice president now owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction 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 transaction, 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 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 three months. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Down 1.7 %

NASDAQ MSFT opened at $430.53 on Friday. Microsoft Co. has a fifty-two week low of $366.50 and a fifty-two week high of $468.35. The business has a fifty day moving average price of $428.90 and a two-hundred day moving average price of $428.87. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. The stock has a market capitalization of $3.20 trillion, a PE ratio of 35.52, a PEG ratio of 2.37 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced 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 return on equity of 34.56% and a net margin of 35.61%. The business had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. During the same period in the prior year, the company earned $2.99 EPS. Microsoft’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities analysts expect that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft announced that its board has authorized a stock 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 stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, December 20th. Wedbush reiterated an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a report on Tuesday, November 19th. Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. BMO Capital Markets reduced their target price on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Finally, DA Davidson cut shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price target on the stock. in a report on Monday, September 23rd. Three analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $509.90.

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.