Microsoft Co. (NASDAQ:MSFT) Stock Position Raised by GoalFusion Wealth Management LLC

GoalFusion Wealth Management LLC grew its holdings in Microsoft Co. (NASDAQ:MSFT) by 4.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,203 shares of the software giant’s stock after purchasing an additional 90 shares during the period. Microsoft comprises 0.5% of GoalFusion Wealth Management LLC’s portfolio, making the stock its 14th largest holding. GoalFusion Wealth Management LLC’s holdings in Microsoft were worth $948,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Christopher J. Hasenberg Inc lifted its position in shares of Microsoft by 169.2% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after acquiring an additional 44 shares during the period. Quarry LP acquired a new position in Microsoft in the second quarter worth about $45,000. Innealta Capital LLC bought a new position in Microsoft during the second quarter worth about $75,000. Bellevue Group AG grew its stake in shares of Microsoft by 47.5% in the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after purchasing an additional 58 shares during the period. Finally, Bbjs Financial Advisors LLC raised its holdings in shares of Microsoft by 241.4% in the 2nd quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock worth $169,000 after buying an additional 268 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wells Fargo & Company reaffirmed a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a report on Tuesday, November 5th. DA Davidson downgraded shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price target for the company. in a report on Monday, September 23rd. TD Cowen decreased their price objective on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, KeyCorp lifted their target price on shares of Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $503.03.

Microsoft Trading Down 0.6 %

NASDAQ:MSFT opened at $415.49 on Thursday. The firm has a market capitalization of $3.09 trillion, a price-to-earnings ratio of 34.28, a PEG ratio of 2.20 and a beta of 0.91. Microsoft Co. has a 1-year low of $362.90 and a 1-year high of $468.35. The business’s 50-day moving average price is $422.46 and its two-hundred day moving average price is $426.13. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. The firm had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.99 earnings per share. On average, equities analysts expect that Microsoft Co. will post 12.94 earnings per share for the current year.

Microsoft Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, November 21st. This is an increase from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

Microsoft announced that its Board of Directors has initiated 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 buy up to 1.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Microsoft

In related news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total value of $1,027,600.00. Following the completion of the transaction, the chief marketing officer now directly owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. This represents a 4.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the sale, the executive vice president now directly owns 103,366 shares in the company, valued at $43,792,039.56. This represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 197,829 shares of company stock valued at $80,966,837. Company 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.