Great Valley Advisor Group Inc. Has $73.41 Million Position in Microsoft Co. (NASDAQ:MSFT)

Great Valley Advisor Group Inc. raised its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 4.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 170,589 shares of the software giant's stock after buying an additional 7,994 shares during the quarter. Microsoft comprises about 1.8% of Great Valley Advisor Group Inc.'s holdings, making the stock its 5th largest position. Great Valley Advisor Group Inc.'s holdings in Microsoft were worth $73,405,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in MSFT. Christopher J. Hasenberg Inc grew its stake 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 period. Quarry LP acquired a new stake in Microsoft during the 2nd quarter valued at approximately $45,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Microsoft in the third quarter worth $62,000. Innealta Capital LLC acquired a new stake in shares of Microsoft in the 2nd quarter valued at about $75,000. Finally, Carolina Wealth Advisors LLC grew its stake 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 purchasing an additional 31 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Microsoft

In related news, CMO Takeshi Numoto sold 2,500 shares of the company's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $447.41, for a total value of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now directly owns 49,352 shares of the company's stock, valued at approximately $22,080,578.32. This represents a 4.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christopher David Young sold 7,200 shares of the business'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 completion of the sale, the executive vice president now owns 103,366 shares in the company, valued at approximately $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 sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is currently owned by company insiders.

Microsoft Price Performance

Shares of NASDAQ:MSFT traded down $27.34 during midday trading on Thursday, reaching $414.99. The company's stock had a trading volume of 53,865,877 shares, compared to its average volume of 22,496,486. Microsoft Co. has a fifty-two week low of $385.58 and a fifty-two week high of $468.35. The business's fifty day simple moving average is $432.55 and its 200-day simple moving average is $424.95. The company has a market capitalization of $3.09 trillion, a P/E ratio of 34.24, a P/E/G ratio of 2.40 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating 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 quarter last year, the firm earned $2.93 EPS. As a group, equities research analysts expect that Microsoft Co. will post 12.9 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid 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 dividend yield of 0.80%. Microsoft's dividend payout ratio (DPR) is presently 27.39%.

Analysts Set New Price Targets

A number of brokerages have issued reports on MSFT. Wedbush reissued an "outperform" rating and issued a $550.00 target price on shares of Microsoft in a report on Tuesday, November 19th. Morgan Stanley dropped their target price on Microsoft from $540.00 to $530.00 and set an "overweight" rating on the stock in a report on Thursday. Cantor Fitzgerald reiterated an "overweight" rating and issued a $509.00 target price on shares of Microsoft in a report on Wednesday. JPMorgan Chase & Co. decreased their target price on shares of Microsoft from $470.00 to $465.00 and set an "overweight" rating for the company in a report on Thursday, October 31st. Finally, Mizuho reduced their price target on shares of Microsoft from $510.00 to $500.00 and set an "outperform" rating for the company in a research report on Thursday. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company's stock. According to MarketBeat, Microsoft presently has an average rating of "Moderate Buy" and an average price target of $510.24.

Microsoft 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.