Hill Island Financial LLC Has $3.37 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Hill Island Financial LLC lifted its holdings in Microsoft Co. (NASDAQ:MSFT) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,530 shares of the software giant’s stock after purchasing an additional 150 shares during the period. Microsoft accounts for about 1.1% of Hill Island Financial LLC’s investment portfolio, making the stock its 15th biggest holding. Hill Island Financial LLC’s holdings in Microsoft were worth $3,366,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. New Harbor Financial Group LLC lifted its stake in shares of Microsoft by 55.9% in the second quarter. New Harbor Financial Group LLC now owns 1,255 shares of the software giant’s stock worth $561,000 after buying an additional 450 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in Microsoft by 25.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 250,657 shares of the software giant’s stock worth $112,031,000 after acquiring an additional 51,273 shares during the period. AMG National Trust Bank lifted its position in Microsoft by 19.0% during the 2nd quarter. AMG National Trust Bank now owns 81,502 shares of the software giant’s stock worth $36,427,000 after acquiring an additional 12,994 shares during the last quarter. True Link Financial Advisors LLC boosted its holdings in Microsoft by 296.7% during the first quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock valued at $1,274,000 after acquiring an additional 2,264 shares during the period. Finally, Spinnaker Investment Group LLC grew its position in shares of Microsoft by 2.7% in the first quarter. Spinnaker Investment Group LLC now owns 12,521 shares of the software giant’s stock valued at $5,268,000 after purchasing an additional 326 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Microsoft

In other news, CEO Satya Nadella sold 78,353 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the sale, the chief executive officer now directly owns 864,327 shares of the company’s stock, valued at $353,189,942.01. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Amy Hood sold 38,000 shares of Microsoft stock in a transaction dated 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 sale, the chief financial officer now directly owns 496,369 shares in the company, valued at $203,784,292.95. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Satya Nadella sold 78,353 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the completion of the transaction, the chief executive officer now directly owns 864,327 shares in the company, valued at $353,189,942.01. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 190,629 shares of company stock worth $77,916,485. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MSFT shares. Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. Oppenheimer cut Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. BMO Capital Markets dropped their target price on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research report on Thursday. Sanford C. Bernstein reduced their price target on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, The Goldman Sachs Group dropped their price objective on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-six have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $503.03.

Microsoft Stock Performance

NASDAQ:MSFT opened at $410.37 on Friday. The stock has a market capitalization of $3.05 trillion, a P/E ratio of 33.86, a price-to-earnings-growth ratio of 2.14 and a beta of 0.91. Microsoft Co. has a 1 year low of $344.77 and a 1 year high of $468.35. The firm has a 50 day moving average of $420.69 and a 200-day moving average of $424.62. The company has a current ratio of 1.30, a quick ratio of 1.27 and a debt-to-equity ratio of 0.15.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.08 by $0.22. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The company had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. During the same quarter in the previous year, the firm earned $2.99 earnings per share. The business’s revenue was up 16.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Microsoft Co. will post 12.98 EPS for the current fiscal year.

Microsoft declared that its Board of Directors has authorized a stock buyback plan on Monday, September 16th that allows the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization allows the software giant to purchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Microsoft Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, November 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.81%. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio is currently 27.39%.

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.