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

Asset Management Group Inc. lifted its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 6.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in MSFT. Christopher J. Hasenberg Inc increased 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 buying an additional 25 shares during the last quarter. Quarry LP acquired a new position in shares of Microsoft during the 2nd quarter worth about $45,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Microsoft in the 3rd quarter valued at about $62,000. Innealta Capital LLC acquired a new stake in Microsoft in the 2nd quarter valued at about $75,000. Finally, Carolina Wealth Advisors LLC grew its holdings in Microsoft by 10.1% during the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant's stock worth $145,000 after purchasing an additional 31 shares during the period. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Trading Down 6.2 %

Shares of Microsoft stock traded down $27.50 on Thursday, reaching $414.83. 47,641,351 shares of the company's stock were exchanged, compared to its average volume of 21,904,332. The firm's 50-day moving average is $432.55 and its two-hundred day moving average is $424.95. The company has a market capitalization of $3.08 trillion, a P/E ratio of 34.23, 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. Microsoft Co. has a 52 week low of $385.58 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results 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 business earned $2.93 earnings per share. Sell-side analysts predict that Microsoft Co. will post 12.9 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.80%. Microsoft's payout ratio is currently 27.39%.

Insider Buying and Selling at Microsoft

In related news, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the transaction, the chief marketing officer now directly owns 57,511 shares in the company, valued at $23,850,961.92. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Christopher David Young sold 7,200 shares of the business's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the sale, the executive vice president now directly owns 103,366 shares of the company's stock, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,200 shares of company stock valued at $17,383,892. Company insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Morgan Stanley cut their price target on Microsoft from $540.00 to $530.00 and set an "overweight" rating for the company in a report on Thursday. Citigroup dropped their price objective on Microsoft from $500.00 to $497.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd. Wells Fargo & Company reiterated a "buy" rating on shares of Microsoft in a research note on Friday, October 18th. Loop Capital boosted their price objective on shares of Microsoft from $500.00 to $550.00 and gave the company a "buy" rating in a research report on Monday, December 23rd. Finally, StockNews.com upgraded Microsoft from a "hold" rating to a "buy" rating in a research report on Wednesday, January 22nd. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $510.24.

Microsoft Company 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.