Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Mitchell Mcleod Pugh & Williams Inc.

Mitchell Mcleod Pugh & Williams Inc. raised its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 37,967 shares of the software giant’s stock after buying an additional 238 shares during the period. Microsoft comprises about 3.4% of Mitchell Mcleod Pugh & Williams Inc.’s portfolio, making the stock its 6th largest holding. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Microsoft were worth $16,337,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Maiden Cove Capital LLC purchased a new position in Microsoft during the third quarter worth approximately $1,542,000. Tyler Stone Wealth Management increased its position in shares of Microsoft by 118.1% in the third quarter. Tyler Stone Wealth Management now owns 21,479 shares of the software giant’s stock valued at $9,242,000 after buying an additional 11,633 shares in the last quarter. Truxt Investmentos Ltda. acquired a new position in shares of Microsoft during the 3rd quarter worth approximately $11,126,000. Round Rock Advisors LLC lifted its position in shares of Microsoft by 0.6% during the 3rd quarter. Round Rock Advisors LLC now owns 36,426 shares of the software giant’s stock valued at $15,674,000 after buying an additional 202 shares in the last quarter. Finally, Riverstone Advisors LLC grew its stake in Microsoft by 0.6% in the 3rd quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant’s stock valued at $1,941,000 after acquiring an additional 25 shares during the period. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MSFT has been the subject of a number of research reports. Stifel Nicolaus boosted their target price on shares of Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Mizuho lifted their price objective on Microsoft from $480.00 to $510.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Truist Financial reissued a “buy” rating and set a $600.00 target price on shares of Microsoft in a report on Monday, October 28th. Oppenheimer lowered Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. Finally, KeyCorp increased their price objective on Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Three research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $511.62.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 1,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was 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 directly owns 57,511 shares in the company, valued at $23,850,961.92. This represents a 1.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Christopher David Young sold 7,200 shares of Microsoft 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 directly owns 103,366 shares in the company, valued at $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,200 shares of company stock worth $17,383,892 in the last three months. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT opened at $415.67 on Wednesday. The company has a 50-day moving average of $429.08 and a two-hundred day moving average of $426.72. The stock has a market cap of $3.09 trillion, a P/E ratio of 34.30, a PEG ratio of 2.37 and a beta of 0.90. Microsoft Co. has a 12-month low of $384.81 and a 12-month high of $468.35. 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 data on Wednesday, October 30th. The software giant reported $3.30 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 return on equity of 34.56% and a net margin of 35.61%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.99 earnings per share. As a group, research analysts predict that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft Announces Dividend

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 paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio is currently 27.39%.

About Microsoft

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.