Family Capital Management Inc. Raises Stake in Microsoft Co. (NASDAQ:MSFT)

Family Capital Management Inc. boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,192 shares of the software giant’s stock after buying an additional 40 shares during the quarter. Microsoft makes up approximately 1.7% of Family Capital Management Inc.’s portfolio, making the stock its 15th largest holding. Family Capital Management Inc.’s holdings in Microsoft were worth $2,664,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Truepoint Inc. lifted its position in shares of Microsoft by 47.1% during the 3rd quarter. Truepoint Inc. now owns 7,538 shares of the software giant’s stock valued at $3,244,000 after buying an additional 2,413 shares during the last quarter. Jim Saulnier & Associates LLC bought a new stake in Microsoft in the 3rd quarter valued at about $538,000. Algert Global LLC bought a new stake in Microsoft in the 3rd quarter valued at about $25,586,000. CMG Global Holdings LLC lifted its holdings in Microsoft by 3.2% during the third quarter. CMG Global Holdings LLC now owns 7,161 shares of the software giant’s stock valued at $3,081,000 after purchasing an additional 225 shares during the last quarter. Finally, Kingsview Wealth Management LLC boosted its position in Microsoft by 0.9% during the third quarter. Kingsview Wealth Management LLC now owns 210,505 shares of the software giant’s stock worth $90,580,000 after purchasing an additional 1,871 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Stock Down 6.2 %

MSFT stock opened at $414.99 on Friday. The company has a market capitalization of $3.09 trillion, a price-to-earnings ratio of 34.24, a price-to-earnings-growth ratio of 2.40 and a beta of 0.90. 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 business’s 50 day moving average price is $432.55 and its two-hundred day moving average price is $424.95. Microsoft Co. has a fifty-two week low of $385.58 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. During the same period in the previous year, the business earned $2.93 EPS. As a group, analysts forecast that Microsoft Co. will post 12.9 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. Investors of record on Thursday, February 20th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.80%. Microsoft’s dividend payout ratio (DPR) is currently 26.73%.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of recent research reports. Mizuho dropped their price target on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday. Wedbush reaffirmed an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a report on Tuesday, November 19th. UBS Group reduced their price target on Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research report on Thursday. KeyCorp increased their price objective on Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, StockNews.com raised Microsoft from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Three research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $509.72.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the completion of the transaction, the chief marketing officer now owns 57,511 shares of the company’s stock, valued at $23,850,961.92. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the business’s 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 sale, the executive vice president now directly owns 117,294 shares in the company, valued at $48,911,598. This trade represents a 17.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,200 shares of company stock valued at $17,383,892 over the last quarter. Corporate insiders own 0.03% of the company’s stock.

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.