Microsoft Co. (NASDAQ:MSFT) Stock Position Reduced by BCGM Wealth Management LLC

BCGM Wealth Management LLC trimmed its position in Microsoft Co. (NASDAQ:MSFT) by 14.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 967 shares of the software giant’s stock after selling 162 shares during the quarter. BCGM Wealth Management LLC’s holdings in Microsoft were worth $416,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Net Worth Advisory Group acquired a new stake in shares of Microsoft during the third quarter worth $2,645,000. Oak Ridge Investments LLC raised its stake in Microsoft by 7.6% during the third quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after acquiring an additional 18,544 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Microsoft by 1.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock worth $882,816,000 after acquiring an additional 31,401 shares during the last quarter. Jacobs & Co. CA boosted its stake in Microsoft by 0.9% in the third quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock valued at $41,318,000 after acquiring an additional 880 shares during the period. Finally, Focus Financial Network Inc. grew its holdings in shares of Microsoft by 2.0% during the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after purchasing an additional 1,489 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $446.20 on Thursday. The stock’s fifty day simple moving average is $429.65 and its 200 day simple moving average is $425.70. The stock has a market capitalization of $3.32 trillion, a price-to-earnings ratio of 36.82, a PEG ratio of 2.28 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 issued its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The firm had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. During the same quarter last year, the business posted $2.99 EPS. Microsoft’s revenue was up 16.0% on a year-over-year basis. As a group, sell-side analysts forecast that Microsoft Co. will post 12.92 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio is 27.39%.

Insiders Place Their Bets

In related news, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $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 approximately $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the transaction, the executive vice president now owns 103,366 shares in the company, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,200 shares of company stock worth $17,383,892. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MSFT. Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a report on Friday, October 18th. TD Cowen reduced their price target on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a report on Tuesday, November 5th. Morgan Stanley reduced their target price on shares of Microsoft from $548.00 to $540.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Truist Financial restated a “buy” rating and issued a $600.00 price target on shares of Microsoft in a research note on Monday, October 28th. Two research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $512.66.

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.