Microsoft Co. (NASDAQ:MSFT) is Walter & Keenan Wealth Management LLC IN ADV’s 4th Largest Position

Walter & Keenan Wealth Management LLC IN ADV lifted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,945 shares of the software giant’s stock after acquiring an additional 107 shares during the quarter. Microsoft accounts for about 4.8% of Walter & Keenan Wealth Management LLC IN ADV’s holdings, making the stock its 4th biggest position. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Microsoft were worth $15,897,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. WFA Asset Management Corp raised its position in shares of Microsoft by 27.0% during 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 during the last quarter. CGN Advisors LLC raised its holdings in shares of Microsoft by 2.3% in the second quarter. CGN Advisors LLC now owns 24,725 shares of the software giant’s stock worth $11,051,000 after acquiring an additional 557 shares during the last quarter. MPS Loria Financial Planners LLC lifted its position in shares of Microsoft by 11.3% in the second quarter. MPS Loria Financial Planners LLC now owns 7,752 shares of the software giant’s stock valued at $3,465,000 after acquiring an additional 788 shares in the last quarter. Mid American Wealth Advisory Group Inc. boosted its stake in shares of Microsoft by 47.1% during the second quarter. Mid American Wealth Advisory Group Inc. now owns 846 shares of the software giant’s stock valued at $378,000 after acquiring an additional 271 shares during the last quarter. Finally, Gill Capital Partners LLC increased its position in Microsoft by 1.1% during the 2nd quarter. Gill Capital Partners LLC now owns 6,941 shares of the software giant’s stock worth $3,102,000 after purchasing an additional 76 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on MSFT shares. Stifel Nicolaus boosted 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. UBS Group boosted their price target on Microsoft from $500.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Mizuho lifted their price objective on Microsoft from $480.00 to $510.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Loop Capital increased their target price on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Finally, BMO Capital Markets dropped their price objective on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $509.90.

Microsoft Price Performance

NASDAQ MSFT opened at $430.53 on Friday. 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 Co. has a 1 year low of $366.50 and a 1 year high of $468.35. The company has a market cap of $3.20 trillion, a PE ratio of 35.52, a PEG ratio of 2.37 and a beta of 0.90. The stock’s 50-day moving average price is $428.90 and its two-hundred day moving average price is $428.88.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. The business had revenue of $65.59 billion for 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 firm’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.99 earnings per share. On average, analysts predict that Microsoft Co. will post 12.93 EPS for the current year.

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

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

Insider Activity

In related news, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the sale, the executive vice president now directly owns 103,366 shares in the company, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 value of $10,425,000.00. Following the sale, the executive vice president now owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. This trade represents a 17.57 % decrease in their position. 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 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.