Venturi Wealth Management LLC Has $38.85 Million Position in Microsoft Co. (NASDAQ:MSFT)

Venturi Wealth Management LLC boosted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 7.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,289 shares of the software giant’s stock after acquiring an additional 6,568 shares during the quarter. Microsoft accounts for approximately 2.0% of Venturi Wealth Management LLC’s investment portfolio, making the stock its 10th biggest holding. Venturi Wealth Management LLC’s holdings in Microsoft were worth $38,851,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MSFT. Jaffetilchin Investment Partners LLC grew its stake in Microsoft by 5.4% in the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 73,413 shares of the software giant’s stock valued at $31,590,000 after buying an additional 3,751 shares during the last quarter. Core Wealth Partners LLC increased its stake in shares of Microsoft by 1.7% during the third quarter. Core Wealth Partners LLC now owns 19,013 shares of the software giant’s stock worth $8,181,000 after purchasing an additional 320 shares during the period. Jag Capital Management LLC lifted its holdings in Microsoft by 9.6% during the 3rd quarter. Jag Capital Management LLC now owns 112,770 shares of the software giant’s stock worth $48,525,000 after purchasing an additional 9,850 shares during the last quarter. Weil Company Inc. boosted its stake in Microsoft by 1.2% in the 3rd quarter. Weil Company Inc. now owns 2,136 shares of the software giant’s stock valued at $919,000 after purchasing an additional 26 shares during the period. Finally, Addison Advisors LLC boosted its stake in Microsoft by 0.8% in the 3rd quarter. Addison Advisors LLC now owns 16,774 shares of the software giant’s stock valued at $7,218,000 after purchasing an additional 131 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In related news, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $414.72, for a total transaction of $414,720.00. Following the completion of the transaction, the chief marketing officer now directly owns 57,511 shares of the company’s stock, valued at $23,850,961.92. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the transaction, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at $48,911,598. This represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,200 shares of company stock valued at $17,383,892. 0.03% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a report on Friday, October 18th. Mizuho increased their price target on Microsoft from $480.00 to $510.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. DA Davidson cut Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective for the company. in a report on Monday, September 23rd. Loop Capital upped their target price on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Finally, Stifel Nicolaus increased their price target on shares of Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $511.62.

Microsoft Trading Up 2.6 %

NASDAQ:MSFT opened at $426.31 on Thursday. 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. The company has a 50-day moving average price of $429.08 and a 200-day moving average price of $426.72. The stock has a market cap of $3.17 trillion, a price-to-earnings ratio of 35.17, a P/E/G ratio of 2.37 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. During the same period in the previous year, the firm posted $2.99 EPS. The business’s revenue was up 16.0% on a year-over-year basis. Equities analysts predict that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders 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 yield of 0.78%. Microsoft’s dividend payout ratio (DPR) is 27.39%.

Microsoft Company 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.