Microsoft Co. (NASDAQ:MSFT) Shares Acquired by DiNuzzo Private Wealth Inc.

DiNuzzo Private Wealth Inc. boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 41.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,453 shares of the software giant's stock after acquiring an additional 1,603 shares during the period. Microsoft comprises 0.3% of DiNuzzo Private Wealth Inc.'s portfolio, making the stock its 28th largest holding. DiNuzzo Private Wealth Inc.'s holdings in Microsoft were worth $2,347,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSFT. Rebalance LLC grew its position in shares of Microsoft by 0.7% in the 2nd quarter. Rebalance LLC now owns 3,451 shares of the software giant's stock worth $1,542,000 after buying an additional 24 shares during the period. First National Bank Sioux Falls increased its stake in shares of Microsoft by 0.4% during the second quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant's stock valued at $2,834,000 after purchasing an additional 24 shares in the last quarter. Flagship Private Wealth LLC boosted its position in shares of Microsoft by 2.8% in the 2nd quarter. Flagship Private Wealth LLC now owns 913 shares of the software giant's stock worth $408,000 after purchasing an additional 25 shares in the last quarter. Massachusetts Wealth Management grew its stake in shares of Microsoft by 0.3% in the 2nd quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant's stock worth $4,309,000 after buying an additional 25 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators boosted its holdings in Microsoft by 0.8% in the second quarter. Deseret Mutual Benefit Administrators now owns 3,255 shares of the software giant's stock worth $1,455,000 after acquiring an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wedbush reaffirmed an "outperform" rating and issued a $550.00 price target on shares of Microsoft in a research report on Tuesday, November 19th. Truist Financial reaffirmed a "buy" rating and issued a $600.00 target price on shares of Microsoft in a report on Monday, October 28th. Morgan Stanley increased their price target on shares of Microsoft from $506.00 to $548.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. The Goldman Sachs Group decreased their price objective on shares of Microsoft from $515.00 to $500.00 and set a "buy" rating for the company in a report on Thursday, October 10th. Finally, Wells Fargo & Company reissued a "buy" rating on shares of Microsoft in a report on Friday, October 18th. Two investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $504.36.

Insider Buying and Selling at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the company's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total value of $1,027,600.00. Following the sale, the chief marketing officer now owns 50,000 shares of the company's stock, valued at approximately $20,552,000. This represents a 4.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the firm's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,578 shares of company stock worth $24,450,096. 0.03% of the stock is currently owned by insiders.

Microsoft Trading Up 0.6 %

MSFT stock traded up $2.79 during midday trading on Monday, hitting $446.36. 8,502,380 shares of the company's stock were exchanged, compared to its average volume of 20,514,512. Microsoft Co. has a 1-year low of $364.13 and a 1-year high of $468.35. The business has a 50-day simple moving average of $421.47 and a two-hundred day simple moving average of $427.00. The stock has a market capitalization of $3.32 trillion, a PE ratio of 36.61, a P/E/G ratio of 2.35 and a beta of 0.90. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating the consensus estimate of $3.10 by $0.20. The company had revenue of $65.59 billion during the quarter, compared to analysts' expectations of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm's revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.99 EPS. On average, sell-side analysts predict that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.74%. Microsoft's dividend payout ratio is presently 27.39%.

Microsoft declared that its board has authorized a share buyback program on Monday, September 16th that authorizes the company to repurchase $60.00 billion in shares. This repurchase authorization authorizes the software giant to reacquire up to 1.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

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.