BigSur Wealth Management LLC Has $3.03 Million Position in Microsoft Co. (NASDAQ:MSFT)

BigSur Wealth Management LLC lifted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,785 shares of the software giant’s stock after acquiring an additional 112 shares during the period. Microsoft makes up about 0.9% of BigSur Wealth Management LLC’s portfolio, making the stock its 28th largest holding. BigSur Wealth Management LLC’s holdings in Microsoft were worth $3,033,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in MSFT. Neo Ivy Capital Management acquired a new position in Microsoft during the fourth quarter worth about $58,000. Richardson Capital Management LLC grew its holdings in shares of Microsoft by 1,290.0% during the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after purchasing an additional 129 shares during the last quarter. Bellevue Group AG increased its position in Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after purchasing an additional 58 shares in the last quarter. Horizon Financial Services LLC bought a new position in Microsoft in the 1st quarter valued at approximately $80,000. Finally, Cooksen Wealth LLC acquired a new stake in Microsoft in the fourth quarter valued at approximately $86,000. 71.13% of the stock is owned by institutional investors.

Microsoft Stock Performance

Shares of MSFT stock opened at $435.27 on Friday. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $468.35. The firm has a market capitalization of $3.24 trillion, a PE ratio of 37.69, a price-to-earnings-growth ratio of 2.14 and a beta of 0.90. The firm has a fifty day simple moving average of $420.92 and a two-hundred day simple moving average of $424.03. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The company had revenue of $64.73 billion for the quarter, compared to analyst estimates of $64.38 billion. During the same quarter in the prior year, the business posted $2.69 EPS. The firm’s revenue was up 15.2% compared to the same quarter last year. Analysts forecast that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio (DPR) is currently 25.97%.

Microsoft announced that its Board of Directors has approved a stock repurchase program on Monday, September 16th that authorizes the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization authorizes the software giant to reacquire up to 1.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MSFT. Morgan Stanley reiterated an “overweight” rating and issued a $506.00 price target on shares of Microsoft in a research note on Tuesday. Wedbush reissued an “outperform” rating and set a $550.00 price target on shares of Microsoft in a research note on Wednesday, July 31st. Oppenheimer upped their price objective on Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, June 7th. UBS Group cut their target price on shares of Microsoft from $520.00 to $510.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company increased their price objective on Microsoft from $500.00 to $515.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $494.72.

Insider Activity at Microsoft

In related news, insider Bradford L. Smith sold 40,000 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $402.59, for a total value of $16,103,600.00. Following the completion of the sale, the insider now directly owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Microsoft news, insider Bradford L. Smith sold 40,000 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $402.59, for a total value of $16,103,600.00. Following the completion of the sale, the insider now owns 544,847 shares in the company, valued at approximately $219,349,953.73. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Amy Hood sold 38,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total value of $15,600,900.00. Following the completion of the transaction, the chief financial officer now owns 496,369 shares in the company, valued at approximately $203,784,292.95. The disclosure for this sale can be found here. Insiders have sold a total of 190,629 shares of company stock valued at $77,916,485 over the last 90 days. Insiders own 0.03% of the company’s stock.

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.