Microsoft Co. (NASDAQ:MSFT) is Deltec Asset Management LLC’s 3rd Largest Position

Deltec Asset Management LLC lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,348 shares of the software giant’s stock after selling 1,295 shares during the period. Microsoft accounts for approximately 5.9% of Deltec Asset Management LLC’s holdings, making the stock its 3rd biggest position. Deltec Asset Management LLC’s holdings in Microsoft were worth $29,840,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. WFA Asset Management Corp boosted its position in shares of Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after purchasing an additional 216 shares in the last quarter. CGN Advisors LLC raised its stake in Microsoft by 2.3% during the second quarter. CGN Advisors LLC now owns 24,725 shares of the software giant’s stock valued at $11,051,000 after buying an additional 557 shares during the last quarter. MPS Loria Financial Planners LLC boosted its holdings in Microsoft by 11.3% in the second quarter. MPS Loria Financial Planners LLC now owns 7,752 shares of the software giant’s stock worth $3,465,000 after acquiring an additional 788 shares in the last quarter. Mid American Wealth Advisory Group Inc. grew its stake in shares of Microsoft by 47.1% in the second quarter. Mid American Wealth Advisory Group Inc. now owns 846 shares of the software giant’s stock worth $378,000 after acquiring an additional 271 shares during the last quarter. Finally, Gill Capital Partners LLC increased its holdings in shares of Microsoft by 1.1% during the second quarter. Gill Capital Partners LLC now owns 6,941 shares of the software giant’s stock valued at $3,102,000 after acquiring an additional 76 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Trading Down 1.7 %

Microsoft stock opened at $430.53 on Friday. Microsoft Co. has a 12-month low of $366.50 and a 12-month high of $468.35. The firm has a market capitalization of $3.20 trillion, a price-to-earnings ratio of 35.52, a P/E/G ratio of 2.37 and a beta of 0.90. The firm has a 50 day moving average of $428.90 and a 200 day moving average of $428.88. 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 posted its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. The business had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company’s revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.99 earnings per share. As a group, research analysts predict that Microsoft Co. will post 12.93 earnings per share for the current year.

Microsoft Dividend Announcement

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 dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.77%. Microsoft’s dividend payout ratio is presently 27.39%.

Microsoft announced that its Board of Directors has initiated a stock buyback program on Monday, September 16th that permits the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization permits the software giant to repurchase up to 1.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts recently commented on MSFT shares. Stifel Nicolaus increased their price objective on shares of Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. DA Davidson cut Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price target for the company. in a research note on Monday, September 23rd. BMO Capital Markets lowered their price target on Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. reduced their price objective on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus target price of $509.90.

Insider Activity

In related news, EVP Christopher David Young sold 7,200 shares of the firm’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 completion of the transaction, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. This trade represents a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total transaction of $414,720.00. Following the completion of the sale, the chief marketing officer now owns 57,511 shares in the company, valued at approximately $23,850,961.92. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,200 shares of company stock worth $17,383,892 over the last ninety days. Corporate insiders own 0.03% of the company’s stock.

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.