Microsoft Co. (NASDAQ:MSFT) Stock Holdings Lifted by FRG Family Wealth Advisors LLC

FRG Family Wealth Advisors LLC raised its position in Microsoft Co. (NASDAQ:MSFT) by 1.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,644 shares of the software giant’s stock after purchasing an additional 1,610 shares during the quarter. Microsoft makes up approximately 11.9% of FRG Family Wealth Advisors LLC’s holdings, making the stock its biggest position. FRG Family Wealth Advisors LLC’s holdings in Microsoft were worth $66,628,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MSFT. JDM Financial Group LLC boosted its stake in shares of Microsoft by 12.0% during the 3rd quarter. JDM Financial Group LLC now owns 784 shares of the software giant’s stock worth $337,000 after acquiring an additional 84 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Microsoft by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock worth $70,790,682,000 after acquiring an additional 3,264,648 shares in the last quarter. Goodman Advisory Group LLC boosted its stake in shares of Microsoft by 1.3% during the 3rd quarter. Goodman Advisory Group LLC now owns 28,760 shares of the software giant’s stock worth $12,376,000 after acquiring an additional 369 shares in the last quarter. Greenwood Gearhart Inc. boosted its stake in shares of Microsoft by 8.0% during the 3rd quarter. Greenwood Gearhart Inc. now owns 102,695 shares of the software giant’s stock worth $44,189,000 after acquiring an additional 7,601 shares in the last quarter. Finally, Valued Retirements Inc. bought a new stake in shares of Microsoft during the 3rd quarter worth about $1,848,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Trading Down 0.2 %

Shares of MSFT opened at $411.44 on Wednesday. Microsoft Co. has a 1 year low of $385.58 and a 1 year high of $468.35. 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 50 day simple moving average of $431.07 and a 200-day simple moving average of $423.29. The stock has a market cap of $3.06 trillion, a PE ratio of 33.13, a PEG ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the company earned $2.93 earnings per share. On average, sell-side analysts predict that Microsoft Co. will post 13.07 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Thursday, February 20th. Microsoft’s payout ratio is presently 26.73%.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several recent analyst reports. Truist Financial reiterated a “buy” rating and set a $600.00 price target on shares of Microsoft in a research note on Monday, October 28th. Morgan Stanley cut their price objective on Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Guggenheim reissued a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Mizuho cut their price objective on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Finally, StockNews.com raised Microsoft from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Three equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $510.96.

Insider Activity

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 value of $414,720.00. Following the completion of the sale, the chief marketing officer now owns 57,511 shares of the company’s stock, valued at $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 transaction of $10,425,000.00. Following the completion of the sale, the executive vice president now directly owns 117,294 shares of the company’s stock, 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 ninety days, insiders sold 34,000 shares of company stock worth $14,333,540. 0.03% of the stock is owned by corporate insiders.

About Microsoft

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.