Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Angeles Investment Advisors LLC

Angeles Investment Advisors LLC raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 25.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,897 shares of the software giant’s stock after buying an additional 2,984 shares during the period. Microsoft comprises 0.3% of Angeles Investment Advisors LLC’s investment portfolio, making the stock its 22nd largest position. Angeles Investment Advisors LLC’s holdings in Microsoft were worth $6,658,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MSFT. Epiq Partners LLC lifted its position in Microsoft by 55.6% during the first quarter. Epiq Partners LLC now owns 3,124 shares of the software giant’s stock valued at $1,314,000 after buying an additional 1,116 shares in the last quarter. Cairn Investment Group Inc. lifted its position in Microsoft by 1.2% during the first quarter. Cairn Investment Group Inc. now owns 3,173 shares of the software giant’s stock valued at $1,335,000 after buying an additional 37 shares in the last quarter. Sandbox Financial Partners LLC lifted its position in Microsoft by 5.5% during the first quarter. Sandbox Financial Partners LLC now owns 37,305 shares of the software giant’s stock valued at $15,695,000 after buying an additional 1,952 shares in the last quarter. Sar Wealth Management Group LLC lifted its position in shares of Microsoft by 49.3% during the first quarter. Sar Wealth Management Group LLC now owns 4,271 shares of the software giant’s stock worth $1,797,000 after purchasing an additional 1,411 shares in the last quarter. Finally, Signet Financial Management LLC lifted its position in shares of Microsoft by 4.0% during the first quarter. Signet Financial Management LLC now owns 29,387 shares of the software giant’s stock worth $12,364,000 after purchasing an additional 1,133 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Microsoft

In related 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 transaction, the insider now owns 544,847 shares in the company, valued at $219,349,953.73. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Bradford L. Smith sold 40,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the completion of the transaction, the insider now owns 544,847 shares in the company, valued at approximately $219,349,953.73. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CMO Takeshi Numoto sold 2,500 shares of the company’s 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 directly owns 50,000 shares of the company’s stock, valued at $20,552,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 190,629 shares of company stock worth $77,916,485 in the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Up 1.0 %

MSFT stock opened at $410.37 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.16. Microsoft Co. has a fifty-two week low of $344.77 and a fifty-two week high of $468.35. The firm’s 50-day simple moving average is $420.69 and its 200 day simple moving average is $424.55. The stock has a market cap of $3.05 trillion, a PE ratio of 33.86, a price-to-earnings-growth ratio of 2.27 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.22. The firm had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 35.73%. Microsoft’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.99 EPS. As a group, sell-side analysts predict that Microsoft Co. will post 13.02 EPS for the current year.

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

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st 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, November 21st. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio is currently 24.75%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MSFT shares. Mizuho boosted their target price on shares of Microsoft from $450.00 to $480.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Sanford C. Bernstein reduced their target price on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Oppenheimer cut shares of Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Bank of America boosted their target price on shares of Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Finally, Piper Sandler reissued an “overweight” rating and set a $470.00 target price on shares of Microsoft in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $503.03.

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.