Endowment Wealth Management Inc. Increases Stock Position in Microsoft Co. (NASDAQ:MSFT)

Endowment Wealth Management Inc. boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 3.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,731 shares of the software giant’s stock after buying an additional 146 shares during the quarter. Microsoft accounts for about 1.3% of Endowment Wealth Management Inc.’s holdings, making the stock its 17th biggest holding. Endowment Wealth Management Inc.’s holdings in Microsoft were worth $2,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Activity

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $417.00, for a total value of $10,425,000.00. Following the transaction, the executive vice president now owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. This represents a 17.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the 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. The trade was a 6.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,200 shares of company stock valued at $17,383,892 over the last 90 days. 0.03% of the stock is owned by company insiders.

Microsoft Price Performance

Microsoft stock opened at $429.03 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The firm has a market cap of $3.19 trillion, a P/E ratio of 35.40, a P/E/G ratio of 2.22 and a beta of 0.90. The business’s fifty day moving average is $429.32 and its two-hundred day moving average is $426.37. Microsoft Co. has a 52 week low of $385.58 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) 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 analyst estimates of $64.57 billion. During the same quarter in the prior year, the firm posted $2.99 earnings per share. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. Equities research analysts forecast that Microsoft Co. will post 12.92 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Truist Financial reaffirmed a “buy” rating and issued a $600.00 target price on shares of Microsoft in a report on Monday, October 28th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Microsoft in a report on Friday, October 18th. BMO Capital Markets reduced their target price on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Oppenheimer cut shares of Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Finally, TD Cowen reduced their target price on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $512.93.

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.