Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Cadinha & Co. LLC

Cadinha & Co. LLC lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 53,156 shares of the software giant’s stock after purchasing an additional 267 shares during the quarter. Microsoft accounts for 3.9% of Cadinha & Co. LLC’s holdings, making the stock its 7th biggest holding. Cadinha & Co. LLC’s holdings in Microsoft were worth $22,873,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Swedbank AB bought a new position in shares of Microsoft in the 1st quarter valued at $5,587,119,000. Wulff Hansen & CO. raised its stake in Microsoft by 47,196.6% during the second quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant’s stock worth $2,160,850,000 after acquiring an additional 4,824,436 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Microsoft by 0.5% in the first quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant’s stock worth $281,035,506,000 after acquiring an additional 3,078,099 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings 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 purchasing an additional 2,744,900 shares during the last quarter. Finally, M&G Plc bought a new position in Microsoft in the 1st quarter valued at approximately $846,072,000. Institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of research reports. Wedbush reiterated an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a research note on Tuesday, November 19th. Sanford C. Bernstein dropped their price objective 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. Citigroup decreased their price target on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. cut their price target on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Finally, BMO Capital Markets lowered their target price on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $503.03.

Insiders Place Their Bets

In other news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the completion of the transaction, the executive vice president now owns 117,294 shares in the company, valued at approximately $48,911,598. This represents a 17.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the completion of the sale, the chief marketing officer now directly owns 57,511 shares of the company’s stock, valued at approximately $23,850,961.92. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 209,431 shares of company stock valued at $85,796,688 over the last ninety days. 0.03% of the stock is currently owned by insiders.

Microsoft Trading Up 0.4 %

Shares of Microsoft stock opened at $418.79 on Tuesday. The stock has a fifty day moving average price of $421.69 and a 200-day moving average price of $426.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. The firm has a market cap of $3.11 trillion, a PE ratio of 34.55, a P/E/G ratio of 2.21 and a beta of 0.91. Microsoft Co. has a 1 year low of $362.90 and a 1 year high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business 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 posted $2.99 earnings per share. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities research analysts anticipate that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft Increases Dividend

The company 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. This represents a $3.32 annualized dividend and a yield of 0.79%. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 21st. Microsoft’s dividend payout ratio is 27.39%.

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

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.