BKM Wealth Management LLC Buys 15,883 Shares of Microsoft Co. (NASDAQ:MSFT)

BKM Wealth Management LLC grew its stake in Microsoft Co. (NASDAQ:MSFT) by 181.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,650 shares of the software giant’s stock after buying an additional 15,883 shares during the quarter. Microsoft accounts for about 4.3% of BKM Wealth Management LLC’s portfolio, making the stock its 2nd largest holding. BKM Wealth Management LLC’s holdings in Microsoft were worth $10,607,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. WFA Asset Management Corp increased its holdings in Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after buying an additional 216 shares in the last quarter. Quent Capital LLC increased its stake in shares of Microsoft by 4.3% in the 1st quarter. Quent Capital LLC now owns 35,888 shares of the software giant’s stock valued at $15,099,000 after purchasing an additional 1,467 shares in the last quarter. Alexander Labrunerie & CO. Inc. acquired a new position in Microsoft in the 1st quarter worth about $9,119,000. Soltis Investment Advisors LLC boosted its position in Microsoft by 13.1% during the first quarter. Soltis Investment Advisors LLC now owns 130,175 shares of the software giant’s stock worth $54,767,000 after purchasing an additional 15,121 shares in the last quarter. Finally, Instrumental Wealth LLC increased its position in shares of Microsoft by 5.7% in the first quarter. Instrumental Wealth LLC now owns 2,499 shares of the software giant’s stock valued at $1,075,000 after buying an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on MSFT. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research note on Tuesday, November 5th. JPMorgan Chase & Co. cut their target price on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Mizuho raised their price target on shares of Microsoft from $480.00 to $510.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Wells Fargo & Company reiterated a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. Finally, DA Davidson cut Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price target for the company. in a research report on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $508.46.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the sale, the chief marketing officer now owns 49,352 shares in the company, valued at $22,080,578.32. This represents a 4.82 % 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. Also, 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 value of $10,425,000.00. Following the sale, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. This represents a 17.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,200 shares of company stock worth $17,383,892. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Down 0.1 %

Shares of MSFT opened at $436.60 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The stock has a market capitalization of $3.25 trillion, a PE ratio of 36.02, a P/E/G ratio of 2.37 and a beta of 0.90. The company’s 50-day simple moving average is $427.02 and its 200-day simple moving average is $428.42. Microsoft Co. has a 1 year low of $366.50 and a 1 year high of $468.35.

Microsoft (NASDAQ:MSFT) last released 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 $3.10 by $0.20. The firm had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. Microsoft’s revenue was up 16.0% compared to the same quarter last year. During the same period last year, the business posted $2.99 earnings per share. Analysts forecast that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is 27.39%.

Microsoft declared that its board has initiated a stock buyback program on Monday, September 16th that allows the company to buyback $60.00 billion in outstanding shares. This buyback authorization allows the software giant to reacquire up to 1.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.

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.