Goodman Advisory Group LLC Grows Stock Position in Microsoft Co. (NASDAQ:MSFT)

Goodman Advisory Group LLC grew its position in Microsoft Co. (NASDAQ:MSFT) by 1.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,760 shares of the software giant’s stock after acquiring an additional 369 shares during the quarter. Microsoft makes up approximately 3.5% of Goodman Advisory Group LLC’s holdings, making the stock its 7th largest position. Goodman Advisory Group LLC’s holdings in Microsoft were worth $12,376,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Christopher J. Hasenberg Inc grew its stake in Microsoft by 35.7% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after buying an additional 25 shares during the last quarter. Quarry LP acquired a new position in shares of Microsoft during the second quarter valued at $45,000. MidAtlantic Capital Management Inc. bought a new position in shares of Microsoft during the third quarter worth about $62,000. Carolina Wealth Advisors LLC increased 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 worth $145,000 after acquiring an additional 31 shares during the period. Finally, MayTech Global Investments LLC bought a new stake in Microsoft in the 2nd quarter valued at about $200,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Down 0.2 %

MSFT stock opened at $411.44 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The firm has a market capitalization of $3.06 trillion, a P/E ratio of 33.13, a P/E/G ratio of 2.21 and a beta of 0.90. Microsoft Co. has a 52-week low of $385.58 and a 52-week high of $468.35. The company’s 50 day simple moving average is $431.07 and its 200-day simple moving average is $423.29.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter in the prior year, the company posted $2.93 EPS. As a group, equities research analysts anticipate that Microsoft Co. will post 13.07 EPS for the current year.

Microsoft Dividend Announcement

The firm 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. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.81%. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

Insider Activity

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the completion of the sale, the executive vice president now owns 117,294 shares of the company’s stock, valued at $48,911,598. This trade represents a 17.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the completion of the transaction, the chief marketing officer now directly owns 57,511 shares in the company, valued at $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,000 shares of company stock worth $14,333,540 in the last 90 days. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. BMO Capital Markets dropped their price target on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Citigroup cut their target price on Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Guggenheim reissued a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Loop Capital lifted their price objective on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a report on Tuesday, November 19th. Three investment 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, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $510.96.

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.