Microsoft Co. (NASDAQ:MSFT) Stock Holdings Lessened by Private Wealth Partners LLC

Private Wealth Partners LLC lessened its stake in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 14.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 225,740 shares of the software giant’s stock after selling 38,496 shares during the quarter. Microsoft makes up approximately 7.7% of Private Wealth Partners LLC’s holdings, making the stock its 2nd largest holding. Private Wealth Partners LLC’s holdings in Microsoft were worth $97,136,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc lifted its holdings in shares of 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 acquiring an additional 44 shares during the period. Quarry LP purchased a new stake in shares of Microsoft during the 2nd quarter valued at $45,000. Innealta Capital LLC acquired a new stake in shares of Microsoft during the 2nd quarter worth $75,000. Carolina Wealth Advisors LLC raised its position in shares of Microsoft by 10.1% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after buying an additional 31 shares during the period. Finally, Bbjs Financial Advisors LLC raised its holdings in shares of Microsoft by 241.4% in the 2nd quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock worth $169,000 after purchasing an additional 268 shares during the period. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Stock Performance

MSFT stock opened at $418.58 on Friday. The firm has a market cap of $3.11 trillion, a P/E ratio of 34.54, a P/E/G ratio of 2.37 and a beta of 0.90. The stock’s 50 day simple moving average is $428.83 and its 200 day simple moving average is $428.45. 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 12-month low of $366.50 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its 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. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. During the same period in the prior year, the company earned $2.99 earnings per share. The firm’s revenue was up 16.0% compared to the same quarter last year. As a group, equities research analysts predict that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft announced that its Board of Directors has authorized a stock repurchase plan on Monday, September 16th that allows the company to buyback $60.00 billion in outstanding shares. This buyback authorization allows the software giant to buy up to 1.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.79%. Microsoft’s payout ratio is currently 27.39%.

Insider Activity

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 103,366 shares in the company, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Takeshi Numoto sold 2,500 shares of Microsoft 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 sale, the chief marketing officer now directly owns 49,352 shares in the company, 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. Over the last ninety days, insiders sold 41,200 shares of company stock valued at $17,383,892. 0.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Mizuho lifted their price target on shares of Microsoft from $480.00 to $510.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Truist Financial restated a “buy” rating and set a $600.00 target price on shares of Microsoft in a report on Monday, October 28th. StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a report on Friday, December 20th. Stifel Nicolaus boosted their price objective on Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Oppenheimer lowered Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. 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.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $509.90.

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Microsoft Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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