Blake Schutter Theil Wealth Advisors LLC Takes $3.80 Million Position in Microsoft Co. (NASDAQ:MSFT)

Blake Schutter Theil Wealth Advisors LLC purchased a new position in shares of Microsoft Co. (NASDAQ:MSFT) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,827 shares of the software giant’s stock, valued at approximately $3,798,000. Microsoft accounts for approximately 2.7% of Blake Schutter Theil Wealth Advisors LLC’s investment portfolio, making the stock its 5th largest position.

Several other large investors have also recently added to or reduced their stakes in the stock. Prudent Investors Network Inc. raised its stake in shares of Microsoft by 5.2% during the third quarter. Prudent Investors Network Inc. now owns 33,843 shares of the software giant’s stock valued at $14,562,000 after purchasing an additional 1,667 shares during the period. M&G PLC increased its stake in Microsoft by 0.8% during the 3rd quarter. M&G PLC now owns 1,783,950 shares of the software giant’s stock worth $767,098,000 after buying an additional 13,383 shares during the period. Trademark Financial Management LLC lifted its holdings in Microsoft by 14.3% in the 3rd quarter. Trademark Financial Management LLC now owns 2,591 shares of the software giant’s stock worth $1,115,000 after buying an additional 325 shares in the last quarter. Two Point Capital Management Inc. boosted its position in Microsoft by 0.8% in the 3rd quarter. Two Point Capital Management Inc. now owns 56,404 shares of the software giant’s stock valued at $24,271,000 after buying an additional 440 shares during the last quarter. Finally, Dechtman Wealth Management LLC increased its position in shares of Microsoft by 3.2% during the third quarter. Dechtman Wealth Management LLC now owns 8,991 shares of the software giant’s stock worth $3,869,000 after acquiring an additional 282 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Up 0.5 %

MSFT opened at $424.56 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. Microsoft Co. has a 12 month low of $371.19 and a 12 month high of $468.35. The stock’s 50 day moving average price is $428.29 and its 200 day moving average price is $427.61. The stock has a market cap of $3.16 trillion, a P/E ratio of 35.03, 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 earnings per share 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 analysts’ expectations 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 previous year, the business earned $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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.78%. 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 has authorized a stock repurchase program on Monday, September 16th that authorizes the company to buyback $60.00 billion in shares. This buyback authorization authorizes the software giant to repurchase up to 1.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages recently commented on MSFT. DA Davidson downgraded Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price target for the company. in a report on Monday, September 23rd. JPMorgan Chase & Co. dropped their price target on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. BMO Capital Markets reduced their price objective on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Piper Sandler boosted their target price on shares of Microsoft from $470.00 to $520.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, The Goldman Sachs Group reduced their price target on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $511.62.

Insider Activity at Microsoft

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 sale, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of Microsoft 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 completion of the transaction, the chief marketing officer now directly owns 49,352 shares in the company, valued at $22,080,578.32. This represents a 4.82 % decrease in their position. 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 quarter. 0.03% of the stock is currently owned by company 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.