BCS Wealth Management bought a new stake in Microsoft Co. (NASDAQ:MSFT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,066 shares of the software giant's stock, valued at approximately $2,557,000.
Several other large investors also recently added to or reduced their stakes in MSFT. Christopher J. Hasenberg Inc grew its holdings in shares of Microsoft by 35.7% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant's stock worth $39,000 after purchasing an additional 25 shares during the period. Quarry LP purchased a new position in shares of Microsoft during the 2nd quarter worth $45,000. Avondale Wealth Management grew its holdings in shares of Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after purchasing an additional 65 shares during the period. MidAtlantic Capital Management Inc. purchased a new position in shares of Microsoft during the 3rd quarter worth $62,000. Finally, Kieckhefer Group LLC purchased a new position in shares of Microsoft during the 4th quarter worth $141,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Microsoft
In other Microsoft news, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $423.48, for a total value of $423,480.00. Following the transaction, the chief marketing officer now directly owns 56,511 shares in the company, valued at approximately $23,931,278.28. This trade represents a 1.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 8,000 shares of company stock worth $3,493,820. 0.03% of the stock is currently owned by insiders.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the company. TD Cowen lowered their price target on Microsoft from $495.00 to $475.00 and set a "buy" rating for the company in a report on Thursday, October 31st. Morgan Stanley lowered their target price on Microsoft from $540.00 to $530.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. BMO Capital Markets lowered their target price on Microsoft from $500.00 to $495.00 and set an "outperform" rating for the company in a report on Thursday, October 31st. Royal Bank of Canada restated an "outperform" rating and set a $500.00 target price on shares of Microsoft in a report on Thursday, January 30th. Finally, StockNews.com upgraded Microsoft from a "hold" rating to a "buy" rating in a report on Wednesday, January 22nd. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $510.96.
Get Our Latest Stock Report on Microsoft
Microsoft Stock Performance
MSFT traded down $7.88 during trading on Friday, hitting $408.25. 27,440,364 shares of the stock were exchanged, compared to its average volume of 23,130,024. The firm has a market capitalization of $3.03 trillion, a P/E ratio of 32.87, a PEG ratio of 2.21 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 has a fifty day moving average price of $425.20 and a two-hundred day moving average price of $422.69. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.
Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same quarter last year, the business earned $2.93 EPS. As a group, sell-side analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.
Microsoft Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.81%. Microsoft's dividend payout ratio (DPR) is currently 26.73%.
About Microsoft
(
Free Report)
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.
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