Microsoft Co. (NASDAQ:MSFT) Position Lifted by Hollow Brook Wealth Management LLC

Hollow Brook Wealth Management LLC grew its stake in Microsoft Co. (NASDAQ:MSFT) by 3.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,283 shares of the software giant’s stock after acquiring an additional 1,136 shares during the period. Microsoft accounts for 4.8% of Hollow Brook Wealth Management LLC’s holdings, making the stock its 3rd biggest holding. Hollow Brook Wealth Management LLC’s holdings in Microsoft were worth $16,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Christopher J. Hasenberg Inc raised its holdings 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 purchased a new position in shares of Microsoft in the 2nd quarter worth approximately $45,000. MidAtlantic Capital Management Inc. purchased a new stake in Microsoft during the third quarter valued at approximately $62,000. Carolina Wealth Advisors LLC boosted its stake in 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 acquiring an additional 31 shares in the last quarter. Finally, MayTech Global Investments LLC purchased a new position in Microsoft in the second quarter worth $200,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the transaction, the chief marketing officer now owns 49,352 shares in the company, valued at approximately $22,080,578.32. This trade represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction on 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 in the company, valued at approximately $48,911,598. This represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on MSFT. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research report on Thursday, January 30th. Sanford C. Bernstein dropped their target price on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Citigroup lowered their price objective on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their price objective on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $520.00 price objective on shares of Microsoft in a report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $510.96.

Microsoft Trading Up 0.6 %

MSFT stock opened at $415.82 on Friday. Microsoft Co. has a 12-month low of $385.58 and a 12-month high of $468.35. The business’s 50-day moving average is $431.86 and its 200 day moving average is $423.85. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.09 trillion, a price-to-earnings ratio of 33.48, a PEG ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the previous year, the business earned $2.93 earnings per share. On average, sell-side analysts anticipate that Microsoft Co. will post 13.03 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm 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 $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio is currently 26.73%.

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.