Hamilton Capital LLC Acquires 1,370 Shares of Microsoft Co. (NASDAQ:MSFT)

Hamilton Capital LLC boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 13.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,570 shares of the software giant’s stock after purchasing an additional 1,370 shares during the quarter. Microsoft comprises 0.3% of Hamilton Capital LLC’s portfolio, making the stock its 15th biggest holding. Hamilton Capital LLC’s holdings in Microsoft were worth $4,702,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc raised its stake in Microsoft by 35.7% during the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after purchasing an additional 25 shares in the last quarter. Quarry LP bought a new stake in shares of Microsoft in the 2nd quarter worth about $45,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of Microsoft during the 3rd quarter valued at about $62,000. Carolina Wealth Advisors LLC lifted its holdings in shares of 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 position in Microsoft in the second quarter worth about $200,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Up 0.6 %

Shares of MSFT stock opened at $412.22 on Tuesday. The stock’s fifty day moving average price is $431.44 and its 200 day moving average price is $423.41. Microsoft Co. has a 1-year low of $385.58 and a 1-year high of $468.35. The company has a market cap of $3.06 trillion, a price-to-earnings ratio of 33.19, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the business earned $2.93 EPS. On average, research analysts expect that Microsoft Co. will post 13.07 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.81%. Microsoft’s dividend payout ratio is currently 26.73%.

Insider Transactions at Microsoft

In related news, EVP Judson Althoff sold 25,000 shares of the firm’s 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 completion of the transaction, the executive vice president now owns 117,294 shares in the company, valued at $48,911,598. This trade represents a 17.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $414.72, for a total value of $414,720.00. Following the sale, the chief marketing officer now owns 57,511 shares in the company, valued at approximately $23,850,961.92. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,000 shares of company stock worth $14,333,540. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Truist Financial restated a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research report on Monday, October 28th. Citigroup lowered their price target on Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. StockNews.com upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Stifel Nicolaus increased their target price on shares of Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, TD Cowen dropped their price target on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $510.96.

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.