Meadow Creek Wealth Advisors LLC Has $5.33 Million Position in Microsoft Co. (NASDAQ:MSFT)

Meadow Creek Wealth Advisors LLC increased its holdings in Microsoft Co. (NASDAQ:MSFT) by 8.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,392 shares of the software giant’s stock after purchasing an additional 939 shares during the quarter. Microsoft accounts for 4.2% of Meadow Creek Wealth Advisors LLC’s holdings, making the stock its 3rd biggest position. Meadow Creek Wealth Advisors LLC’s holdings in Microsoft were worth $5,332,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Ameriprise Financial Inc. lifted its position in shares of Microsoft by 0.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant’s stock valued at $15,426,767,000 after acquiring an additional 97,075 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Microsoft by 6.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant’s stock valued at $10,768,771,000 after purchasing an additional 1,563,533 shares during the period. Rhumbline Advisers lifted its holdings in shares of Microsoft by 0.3% in the second quarter. Rhumbline Advisers now owns 14,738,956 shares of the software giant’s stock valued at $6,587,576,000 after purchasing an additional 45,220 shares in the last quarter. Swedbank AB boosted its position in shares of Microsoft by 0.4% in the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant’s stock worth $5,890,530,000 after buying an additional 49,288 shares during the period. Finally, California State Teachers Retirement System grew its holdings in shares of Microsoft by 0.4% during the first quarter. California State Teachers Retirement System now owns 11,462,919 shares of the software giant’s stock valued at $4,822,679,000 after buying an additional 46,410 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Up 0.6 %

Microsoft stock opened at $454.46 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. Microsoft Co. has a fifty-two week low of $366.50 and a fifty-two week high of $468.35. The firm has a fifty day moving average price of $425.79 and a two-hundred day moving average price of $428.04. The firm has a market cap of $3.38 trillion, a price-to-earnings ratio of 37.50, a P/E/G ratio of 2.38 and a beta of 0.90.

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 $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. During the same period in the previous year, the company posted $2.99 earnings per share. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, analysts forecast that Microsoft Co. will post 12.93 earnings per share for the current year.

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

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.73%. Microsoft’s dividend payout ratio is 27.39%.

Insider Transactions at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction on Friday, November 22nd. The shares were 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 $23,850,961.92. This represents a 1.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the sale, the executive vice president now owns 103,366 shares in the company, valued at $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,200 shares of company stock worth $17,383,892. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of research reports. Oppenheimer lowered Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price target on shares of Microsoft in a report on Tuesday, November 5th. BMO Capital Markets dropped their price objective on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. 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, October 31st. Finally, TD Cowen dropped their price target 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. Two research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and an average target price of $505.43.

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.