Hedeker Wealth LLC Purchases 795 Shares of Microsoft Co. (NASDAQ:MSFT)

Hedeker Wealth LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,738 shares of the software giant’s stock after purchasing an additional 795 shares during the quarter. Microsoft makes up approximately 5.3% of Hedeker Wealth LLC’s holdings, making the stock its biggest holding. Hedeker Wealth LLC’s holdings in Microsoft were worth $20,111,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc lifted its position in Microsoft by 169.2% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after buying an additional 44 shares in the last quarter. Quarry LP bought a new position in shares of Microsoft in the second quarter worth about $45,000. Innealta Capital LLC acquired a new position in shares of Microsoft during the second quarter worth approximately $75,000. Carolina Wealth Advisors LLC grew its stake in shares of Microsoft by 10.1% during the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after purchasing an additional 31 shares during the last quarter. Finally, Bbjs Financial Advisors LLC increased its holdings in shares of Microsoft by 241.4% in the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock valued at $169,000 after purchasing an additional 268 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Microsoft news, 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 of the company’s stock, valued at $43,792,039.56. This trade represents a 6.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction 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 transaction, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. This trade represents a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,200 shares of company stock worth $17,383,892. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on MSFT. The Goldman Sachs Group reduced their price objective on Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. DA Davidson cut Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price target on the stock. in a report on Monday, September 23rd. Oppenheimer cut Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. TD Cowen reduced their target price 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, Morgan Stanley upped their target price on shares of Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $509.90.

Microsoft Stock Down 1.7 %

NASDAQ:MSFT opened at $430.53 on Friday. The firm has a market capitalization of $3.20 trillion, a price-to-earnings ratio of 35.52, a price-to-earnings-growth ratio of 2.37 and a beta of 0.90. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. Microsoft Co. has a twelve month low of $366.50 and a twelve month high of $468.35. The stock’s 50 day moving average price is $428.90 and its two-hundred day moving average price is $428.87.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. The business had revenue of $65.59 billion for the quarter, compared to the consensus estimate of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.99 earnings per share. Equities research analysts expect that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

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

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.77%. Microsoft’s dividend payout ratio (DPR) is currently 27.39%.

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.