Microsoft Co. (NASDAQ:MSFT) Shares Bought by Reston Wealth Management LLC

Reston Wealth Management LLC lifted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 4.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,011 shares of the software giant’s stock after buying an additional 186 shares during the quarter. Microsoft makes up about 0.6% of Reston Wealth Management LLC’s holdings, making the stock its 17th largest position. Reston Wealth Management LLC’s holdings in Microsoft were worth $1,726,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. WFA Asset Management Corp lifted its stake in Microsoft by 27.0% in the 1st 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. Ellenbecker Investment Group boosted its stake in shares of Microsoft by 4.2% during the 2nd quarter. Ellenbecker Investment Group now owns 11,090 shares of the software giant’s stock worth $4,957,000 after purchasing an additional 446 shares during the last quarter. Dougherty Wealth Advisers LLC grew its holdings in shares of Microsoft by 1.2% during the second quarter. Dougherty Wealth Advisers LLC now owns 3,290 shares of the software giant’s stock worth $1,470,000 after buying an additional 38 shares in the last quarter. Gunderson Capital Management Inc. raised its position in shares of Microsoft by 5.7% in the second quarter. Gunderson Capital Management Inc. now owns 28,621 shares of the software giant’s stock valued at $12,792,000 after buying an additional 1,534 shares during the last quarter. Finally, VanderPol Investments L.L.C. lifted its stake in shares of Microsoft by 1.9% during the second quarter. VanderPol Investments L.L.C. now owns 1,628 shares of the software giant’s stock valued at $728,000 after buying an additional 30 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Microsoft

In other Microsoft news, 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 sale, the chief marketing officer now owns 49,352 shares of the company’s stock, valued at $22,080,578.32. The trade was a 4.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 completion of the transaction, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. The trade was a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock valued at $17,383,892 in the last ninety days. Company insiders own 0.03% of the company’s stock.

Microsoft Trading Down 1.3 %

Microsoft stock opened at $424.83 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. Microsoft Co. has a 1 year low of $366.50 and a 1 year high of $468.35. The firm’s 50-day moving average is $428.90 and its 200-day moving average is $428.85. The company has a market cap of $3.16 trillion, a P/E ratio of 35.05, a PEG ratio of 2.37 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last released 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. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. During the same quarter in the previous year, the firm posted $2.99 EPS. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, equities analysts expect that Microsoft Co. will post 12.93 earnings per share for the current year.

Microsoft declared that its Board of Directors has initiated a stock repurchase plan on Monday, September 16th that permits the company to buyback $60.00 billion in outstanding shares. This buyback authorization permits the software giant to purchase up to 1.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Microsoft Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.78%. Microsoft’s dividend payout ratio is presently 27.39%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Wedbush restated an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a report on Tuesday, November 19th. Sanford C. Bernstein lowered their price target on Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Truist Financial reiterated a “buy” rating and set a $600.00 price objective on shares of Microsoft in a report on Monday, October 28th. KeyCorp boosted their target price on shares of Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research note on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $509.90.

Microsoft 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.