Tennessee Valley Asset Management Partners Has $3.23 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Tennessee Valley Asset Management Partners increased its position in Microsoft Co. (NASDAQ:MSFT) by 24.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 7,222 shares of the software giant’s stock after purchasing an additional 1,437 shares during the period. Microsoft comprises about 0.6% of Tennessee Valley Asset Management Partners’ investment portfolio, making the stock its 28th biggest holding. Tennessee Valley Asset Management Partners’ holdings in Microsoft were worth $3,228,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Swedbank AB acquired a new stake in shares of Microsoft during the 1st quarter valued at $5,587,119,000. Vanguard Group Inc. boosted its stake in shares of Microsoft by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant’s stock valued at $281,035,506,000 after buying an additional 3,078,099 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of Microsoft by 77.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,281,925 shares of the software giant’s stock valued at $2,642,931,000 after buying an additional 2,744,900 shares during the period. M&G Plc acquired a new stake in shares of Microsoft during the 1st quarter valued at $846,072,000. Finally, Strategic Financial Concepts LLC boosted its stake in shares of Microsoft by 31,648.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 1,871,892 shares of the software giant’s stock valued at $8,366,000 after buying an additional 1,865,996 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of research reports. Morgan Stanley lifted their target price on shares of Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a research note on Thursday. Bank of America raised their price target on shares of Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Oppenheimer downgraded shares of Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Citigroup cut their price target on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, Mizuho raised their price target on shares of Microsoft from $450.00 to $480.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $503.03.

Insider Activity

In other news, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the sale, the chief executive officer now directly owns 786,933 shares in the company, valued at approximately $328,473,703.53. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the sale, the chief executive officer now directly owns 786,933 shares in the company, valued at approximately $328,473,703.53. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the sale, the chief marketing officer now owns 50,000 shares in the company, valued at approximately $20,552,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 190,629 shares of company stock worth $77,916,485. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

NASDAQ MSFT opened at $406.35 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market capitalization of $3.02 trillion, a price-to-earnings ratio of 34.41, a P/E/G ratio of 2.24 and a beta of 0.90. The company’s fifty day moving average is $420.82 and its two-hundred day moving average is $424.58. Microsoft Co. has a 52-week low of $334.69 and a 52-week high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.22. The company had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the business posted $2.99 EPS. Equities research analysts forecast that Microsoft Co. will post 13.02 EPS for the current year.

Microsoft Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.83 per share. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Thursday, November 21st. Microsoft’s payout ratio is 28.11%.

Microsoft declared that its board has approved a share buyback plan on Monday, September 16th that permits the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization permits the software giant to purchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.