Microsoft Co. (NASDAQ:MSFT) Stake Raised by CreativeOne Wealth LLC

CreativeOne Wealth LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 41.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,565 shares of the software giant’s stock after purchasing an additional 28,240 shares during the period. Microsoft accounts for about 1.4% of CreativeOne Wealth LLC’s investment portfolio, making the stock its 11th largest holding. CreativeOne Wealth LLC’s holdings in Microsoft were worth $41,121,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc raised its holdings in Microsoft by 35.7% during the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after purchasing an additional 25 shares in the last quarter. Quarry LP acquired a new position in Microsoft in the second quarter worth approximately $45,000. MidAtlantic Capital Management Inc. acquired a new position in Microsoft in the third quarter worth approximately $62,000. Innealta Capital LLC acquired a new position in Microsoft in the second quarter worth approximately $75,000. Finally, Carolina Wealth Advisors LLC grew its position in Microsoft by 10.1% in the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after buying an additional 31 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on MSFT shares. Truist Financial restated a “buy” rating and issued a $600.00 price target on shares of Microsoft in a research report on Monday, October 28th. Citigroup decreased their price target on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Guggenheim restated a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Mizuho lowered their price objective on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, The Goldman Sachs Group lowered their price objective on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Three analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $510.96.

Insider Transactions at Microsoft

In related news, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 103,366 shares of the company’s stock, valued at $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction 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 approximately $48,911,598. The trade was a 17.57 % 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 worth $17,383,892. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Up 0.0 %

Microsoft stock opened at $415.06 on Monday. The firm has a fifty day moving average price of $432.53 and a two-hundred day moving average price of $424.61. Microsoft Co. has a fifty-two week low of $385.58 and a fifty-two week high of $468.35. 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 firm has a market cap of $3.09 trillion, a price-to-earnings ratio of 33.42, a P/E/G ratio of 2.38 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 34.38%. During the same quarter in the prior year, the business posted $2.93 EPS. As a group, analysts forecast that Microsoft Co. will post 12.89 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.80%. Microsoft’s payout ratio is 26.73%.

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.