Asset Management Group Inc. Buys 670 Shares of Microsoft Co. (NASDAQ:MSFT)

Asset Management Group Inc. raised its stake in Microsoft Co. (NASDAQ:MSFT) by 6.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 11,902 shares of the software giant’s stock after purchasing an additional 670 shares during the quarter. Asset Management Group Inc.’s holdings in Microsoft were worth $5,121,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Biltmore Family Office LLC lifted its holdings in Microsoft by 3.2% in the 3rd quarter. Biltmore Family Office LLC now owns 33,406 shares of the software giant’s stock worth $14,375,000 after buying an additional 1,025 shares during the period. Planning Alternatives Ltd. ADV boosted its stake in shares of Microsoft by 3.0% during the 3rd quarter. Planning Alternatives Ltd. ADV now owns 5,453 shares of the software giant’s stock valued at $2,346,000 after purchasing an additional 159 shares in the last quarter. AlphaCore Capital LLC raised its stake in Microsoft by 4.5% in the third quarter. AlphaCore Capital LLC now owns 28,119 shares of the software giant’s stock worth $12,099,000 after buying an additional 1,205 shares in the last quarter. First County Bank CT grew its stake in Microsoft by 6.1% in the third quarter. First County Bank CT now owns 21,351 shares of the software giant’s stock worth $9,187,000 after purchasing an additional 1,224 shares during the period. Finally, Concorde Asset Management LLC boosted its stake in Microsoft by 7.2% during the third quarter. Concorde Asset Management LLC now owns 5,358 shares of the software giant’s stock worth $2,306,000 after acquiring an additional 360 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Activity

In related news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $447.41, for a total value of $1,118,525.00. Following the sale, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at $22,080,578.32. This represents a 4.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the transaction, 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,200 shares of company stock valued at $17,383,892. 0.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. UBS Group raised their price objective on Microsoft from $500.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research note on Tuesday, November 5th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Microsoft in a report on Friday, October 18th. Oppenheimer cut shares of Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. Finally, Stifel Nicolaus lifted their target price on shares of Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $512.66.

Microsoft Stock Performance

NASDAQ:MSFT opened at $442.33 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. The company has a market cap of $3.29 trillion, a price-to-earnings ratio of 36.50, a PEG ratio of 2.40 and a beta of 0.90. Microsoft Co. has a 1 year low of $385.58 and a 1 year high of $468.35. The stock’s 50 day simple moving average is $432.01 and its two-hundred day simple moving average is $425.03.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. During the same period in the previous year, the company posted $2.93 earnings per share. As a group, equities analysts anticipate that Microsoft Co. will post 12.9 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is 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.