Schrum Private Wealth Management LLC Has $12.61 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Schrum Private Wealth Management LLC increased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 64.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 29,296 shares of the software giant’s stock after purchasing an additional 11,501 shares during the quarter. Microsoft accounts for 6.5% of Schrum Private Wealth Management LLC’s holdings, making the stock its 2nd biggest holding. Schrum Private Wealth Management LLC’s holdings in Microsoft were worth $12,606,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Christopher J. Hasenberg Inc grew its stake in shares of Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after buying an additional 44 shares during the last quarter. Quarry LP purchased a new position in Microsoft during the 2nd quarter valued at $45,000. Innealta Capital LLC purchased a new position in Microsoft during the 2nd quarter valued at $75,000. Carolina Wealth Advisors LLC grew its position in Microsoft by 10.1% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after acquiring an additional 31 shares during the last quarter. Finally, MayTech Global Investments LLC purchased a new stake in Microsoft in the second quarter worth $200,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on MSFT. Mizuho upped their price target on shares of Microsoft from $480.00 to $510.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. KeyCorp upped their target price on shares of Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Truist Financial reaffirmed a “buy” rating and set a $600.00 price target on shares of Microsoft in a research note on Monday, October 28th. Morgan Stanley boosted their price target on Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Finally, TD Cowen reduced their price objective on Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $512.93.

Microsoft Stock Performance

MSFT opened at $429.03 on Friday. The firm’s 50-day moving average price is $429.32 and its 200-day moving average price is $426.58. The company has a market cap of $3.19 trillion, a P/E ratio of 35.40, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. Microsoft Co. has a 52-week low of $385.58 and a 52-week high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly 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 business had revenue of $65.59 billion during 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 business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the company posted $2.99 earnings per share. As a group, equities analysts anticipate that Microsoft Co. will post 12.92 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.77%. Microsoft’s payout ratio is presently 27.39%.

Insider Activity

In related news, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total value of $414,720.00. Following the transaction, the chief marketing officer now owns 57,511 shares in the company, valued at approximately $23,850,961.92. This represents a 1.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,200 shares of company stock valued at $17,383,892. Company insiders own 0.03% of the company’s stock.

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.