Crumly & Associates Inc. Has $1.99 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Crumly & Associates Inc. raised its stake in Microsoft Co. (NASDAQ:MSFT) by 13.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,624 shares of the software giant’s stock after purchasing an additional 562 shares during the period. Crumly & Associates Inc.’s holdings in Microsoft were worth $1,990,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. United Bank grew its stake in Microsoft by 4.1% in the 3rd quarter. United Bank now owns 18,378 shares of the software giant’s stock valued at $7,908,000 after buying an additional 730 shares during the last quarter. Windward Capital Management Co. CA boosted its holdings in shares of Microsoft by 8.3% during the third quarter. Windward Capital Management Co. CA now owns 31,394 shares of the software giant’s stock worth $13,509,000 after acquiring an additional 2,411 shares during the period. Provident Trust Co. grew its position in shares of Microsoft by 8.4% in the third quarter. Provident Trust Co. now owns 8,994 shares of the software giant’s stock valued at $3,870,000 after purchasing an additional 696 shares during the last quarter. Holistic Planning LLC increased its stake in shares of Microsoft by 80.3% during the third quarter. Holistic Planning LLC now owns 10,658 shares of the software giant’s stock worth $4,586,000 after purchasing an additional 4,746 shares during the period. Finally, Pragma Gestao DE Patrimonio Ltd. lifted its holdings in Microsoft by 240.0% during the 3rd quarter. Pragma Gestao DE Patrimonio Ltd. now owns 34,000 shares of the software giant’s stock worth $14,630,000 after purchasing an additional 24,000 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

Insider Activity at Microsoft

In related news, CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the sale, the chief marketing officer now directly owns 57,511 shares in the company, valued at approximately $23,850,961.92. The trade was a 1.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the transaction, the executive vice president now owns 103,366 shares of the company’s stock, valued at $43,792,039.56. This represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,200 shares of company stock worth $17,383,892. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of research reports. Truist Financial reaffirmed a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a report on Monday, October 28th. Loop Capital upped their price target on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. DA Davidson cut shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective for the company. in a research note on Monday, September 23rd. Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. Finally, 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 report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $511.62.

Microsoft Stock Down 1.3 %

Shares of NASDAQ:MSFT opened at $418.95 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. Microsoft Co. has a 52-week low of $380.38 and a 52-week high of $468.35. The business’s 50 day simple moving average is $428.83 and its two-hundred day simple moving average is $427.39. The firm has a market cap of $3.11 trillion, a P/E ratio of 34.57, a PEG ratio of 2.37 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. The company had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. Microsoft’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the business earned $2.99 EPS. As a group, research analysts forecast that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft declared that its board has approved a stock buyback program on Monday, September 16th that allows the company to repurchase $60.00 billion in shares. This repurchase authorization allows the software giant to purchase up to 1.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Microsoft Announces Dividend

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 $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.79%. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

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.