Microsoft Co. (NASDAQ:MSFT) Shares Bought by Biltmore Family Office LLC

Biltmore Family Office LLC increased its holdings in Microsoft Co. (NASDAQ:MSFT) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,406 shares of the software giant’s stock after acquiring an additional 1,025 shares during the quarter. Microsoft makes up 2.5% of Biltmore Family Office LLC’s portfolio, making the stock its 5th biggest position. Biltmore Family Office LLC’s holdings in Microsoft were worth $14,375,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MSFT. Christopher J. Hasenberg Inc grew its stake in Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after purchasing an additional 25 shares in the last quarter. Quarry LP acquired a new position in shares of Microsoft in the 2nd quarter worth approximately $45,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Microsoft during the 3rd quarter valued at approximately $62,000. Innealta Capital LLC bought a new position in Microsoft during the second quarter worth $75,000. Finally, Carolina Wealth Advisors LLC grew its position in shares of Microsoft by 10.1% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after buying an additional 31 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Trading Down 1.1 %

NASDAQ MSFT opened at $442.33 on Thursday. The stock has a market cap of $3.29 trillion, a price-to-earnings ratio of 36.50, a PEG ratio of 2.40 and a beta of 0.90. The firm’s 50 day moving average price is $432.01 and its two-hundred day moving average price is $425.03. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. Microsoft Co. has a twelve month low of $385.58 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. During the same quarter last year, the firm posted $2.93 earnings per share. Equities analysts anticipate that Microsoft Co. will post 12.9 EPS for the current year.

Microsoft Dividend Announcement

The business also recently announced 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. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is currently 27.39%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MSFT shares. TD Cowen lowered their target price on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, October 31st. KeyCorp raised their target price on Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. BMO Capital Markets lowered their price target on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. The Goldman Sachs Group reduced their target price on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Finally, Piper Sandler restated an “overweight” rating and set a $520.00 price target on shares of Microsoft in a research report on Monday. Three research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $512.66.

Insider Activity at Microsoft

In related news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $447.41, for a total value of $1,118,525.00. Following the completion of the sale, the chief marketing officer now directly owns 49,352 shares in the company, valued at approximately $22,080,578.32. This represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 shares were sold at an average price of $417.00, for a total value of $10,425,000.00. Following the completion of the transaction, the executive vice president now directly owns 117,294 shares in the company, valued at $48,911,598. The trade was a 17.57 % decrease in their ownership of the stock. 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. Insiders own 0.03% of the company’s stock.

Microsoft 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.