Turtle Creek Wealth Advisors LLC Increases Position in Microsoft Co. (NASDAQ:MSFT)

Turtle Creek Wealth Advisors LLC raised its stake in Microsoft Co. (NASDAQ:MSFT) by 3.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,311 shares of the software giant’s stock after acquiring an additional 1,003 shares during the period. Microsoft makes up 2.7% of Turtle Creek Wealth Advisors LLC’s portfolio, making the stock its 5th largest holding. Turtle Creek Wealth Advisors LLC’s holdings in Microsoft were worth $13,473,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Christopher J. Hasenberg Inc increased its holdings in Microsoft by 169.2% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after acquiring an additional 44 shares during the last quarter. Quarry LP bought a new stake in Microsoft in the 2nd quarter valued at $45,000. Innealta Capital LLC bought a new stake in Microsoft in the 2nd quarter valued at $75,000. Carolina Wealth Advisors LLC increased its holdings in Microsoft by 10.1% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after acquiring an additional 31 shares during the last quarter. Finally, MayTech Global Investments LLC bought a new stake in Microsoft in the 2nd quarter valued at $200,000. 71.13% of the stock is currently owned by institutional investors.

Insider Transactions at Microsoft

In related news, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were 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 directly owns 103,366 shares in the company, valued at approximately $43,792,039.56. This trade represents a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction dated 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 approximately $22,080,578.32. The trade was a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,200 shares of company stock valued at $17,383,892. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Oppenheimer downgraded shares of Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Stifel Nicolaus boosted their target price on shares of Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. UBS Group boosted their target price on shares of Microsoft from $500.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Sanford C. Bernstein reduced their target price on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Truist Financial reiterated a “buy” rating and set a $600.00 price target on shares of Microsoft in a report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $512.93.

Microsoft Trading Down 0.1 %

NASDAQ:MSFT opened at $428.50 on Wednesday. Microsoft Co. has a 52 week low of $385.58 and a 52 week high of $468.35. The firm has a 50 day moving average of $429.54 and a 200 day moving average of $425.92. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $3.19 trillion, a price-to-earnings ratio of 35.35, a PEG ratio of 2.28 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its quarterly 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 business had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. Microsoft’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.99 EPS. As a group, sell-side analysts anticipate that Microsoft Co. will post 12.92 earnings per share for the current fiscal year.

Microsoft Announces Dividend

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

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.