Holistic Planning LLC grew its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 80.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,658 shares of the software giant's stock after acquiring an additional 4,746 shares during the period. Microsoft accounts for 1.9% of Holistic Planning LLC's portfolio, making the stock its 9th largest holding. Holistic Planning LLC's holdings in Microsoft were worth $4,586,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Christopher J. Hasenberg Inc raised its stake in shares of Microsoft by 169.2% in the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant's stock worth $31,000 after acquiring an additional 44 shares during the last quarter. Quarry LP bought a new position in Microsoft in the 2nd quarter worth approximately $45,000. Innealta Capital LLC acquired a new position in Microsoft during the 2nd quarter worth $75,000. Carolina Wealth Advisors LLC boosted its position in Microsoft by 10.1% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant's stock valued at $145,000 after buying an additional 31 shares during the last quarter. Finally, MayTech Global Investments LLC acquired a new stake in shares of Microsoft in the 2nd quarter valued at $200,000. 71.13% of the stock is owned by institutional investors and hedge funds.
Microsoft Stock Down 1.3 %
Shares of MSFT traded down $5.61 during midday trading on Friday, hitting $418.95. The stock had a trading volume of 20,131,691 shares, compared to its average volume of 17,908,811. 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 $3.11 trillion, a price-to-earnings ratio of 34.57, a price-to-earnings-growth ratio of 2.37 and a beta of 0.90. The company has a 50 day simple moving average of $428.83 and a two-hundred day simple moving average of $427.23. Microsoft Co. has a twelve month low of $380.38 and a twelve month high of $468.35.
Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping analysts' consensus estimates of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The firm had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. During the same quarter in the prior year, the firm posted $2.99 EPS. The business's revenue was up 16.0% on a year-over-year basis. On average, analysts anticipate that Microsoft Co. will post 12.93 EPS for the current year.
Microsoft announced that its board has initiated a share buyback plan on Monday, September 16th that allows the company to repurchase $60.00 billion in shares. This repurchase authorization allows the software giant to repurchase up to 1.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.
Microsoft Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.79%. Microsoft's dividend payout ratio (DPR) is presently 27.39%.
Insider Transactions at Microsoft
In other news, CMO Takeshi Numoto sold 2,500 shares of the business's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the transaction, the chief marketing officer now directly owns 49,352 shares in the company, valued at $22,080,578.32. The trade was a 4.82 % decrease in their position. The transaction 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 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 completion of the sale, 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. Insiders sold a total of 41,200 shares of company stock worth $17,383,892 in the last three months. Insiders own 0.03% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on MSFT shares. BMO Capital Markets decreased their price target on Microsoft from $500.00 to $495.00 and set an "outperform" rating on the stock in a report on Thursday, October 31st. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $500.00 target price on shares of Microsoft in a research note on Tuesday, November 5th. Sanford C. Bernstein cut their price objective on shares of Microsoft from $501.00 to $500.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Piper Sandler lifted their target price on shares of Microsoft from $470.00 to $520.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. Finally, Morgan Stanley increased their price target on Microsoft from $506.00 to $548.00 and gave the company an "overweight" rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $511.62.
Read Our Latest Research Report on MSFT
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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