Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Main Line Retirement Advisors LLC

Main Line Retirement Advisors LLC increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,616 shares of the software giant’s stock after acquiring an additional 48 shares during the period. Microsoft makes up about 0.8% of Main Line Retirement Advisors LLC’s portfolio, making the stock its 17th largest holding. Main Line Retirement Advisors LLC’s holdings in Microsoft were worth $1,126,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of MSFT. Christopher J. Hasenberg Inc boosted its holdings in Microsoft by 35.7% in 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 stake in Microsoft in the 2nd quarter worth about $45,000. MidAtlantic Capital Management Inc. acquired a new stake in Microsoft in the 3rd quarter worth about $62,000. Carolina Wealth Advisors LLC boosted its holdings in 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 buying an additional 31 shares during the last quarter. Finally, MayTech Global Investments LLC acquired a new stake in Microsoft in the 2nd quarter worth about $200,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Microsoft

In other news, 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 sale, the chief marketing officer now owns 57,511 shares of the company’s stock, valued at approximately $23,850,961.92. This represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the company’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 sale, the executive vice president now directly owns 117,294 shares in the company, valued at $48,911,598. This represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,000 shares of company stock valued at $14,333,540 over the last quarter. 0.03% of the stock is owned by company insiders.

Microsoft Stock Down 0.6 %

Shares of NASDAQ MSFT opened at $409.04 on Thursday. The firm has a market cap of $3.04 trillion, a price-to-earnings ratio of 32.93, a PEG ratio of 2.21 and a beta of 0.90. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 52-week low of $385.58 and a 52-week high of $468.35. The business’s 50 day moving average is $430.67 and its two-hundred day moving average is $423.24.

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 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 period last year, the business earned $2.93 EPS. Research analysts predict that Microsoft Co. will post 13.07 EPS for the current year.

Microsoft Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $509.00 price objective on shares of Microsoft in a report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a report on Thursday, January 30th. Piper Sandler restated an “overweight” rating and set a $520.00 target price on shares of Microsoft in a report on Monday, January 27th. Mizuho lowered their target price on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Finally, StockNews.com upgraded Microsoft from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Three research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target 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.