Microsoft Co. (NASDAQ:MSFT) is Keystone Wealth Services LLC's 3rd Largest Position

Keystone Wealth Services LLC raised its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 12.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 24,391 shares of the software giant's stock after acquiring an additional 2,729 shares during the period. Microsoft comprises 2.9% of Keystone Wealth Services LLC's portfolio, making the stock its 3rd biggest position. Keystone Wealth Services LLC's holdings in Microsoft were worth $10,495,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of MSFT. Christopher J. Hasenberg Inc raised its stake in shares of Microsoft by 169.2% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant's stock worth $31,000 after purchasing an additional 44 shares in the last quarter. Quarry LP bought a new stake in shares of Microsoft during the 2nd quarter worth approximately $45,000. Innealta Capital LLC bought a new stake in shares of Microsoft during the 2nd quarter worth approximately $75,000. Bellevue Group AG raised its stake in shares of Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant's stock worth $76,000 after purchasing an additional 58 shares in the last quarter. Finally, Bbjs Financial Advisors LLC raised its stake in shares of Microsoft by 241.4% during the 2nd quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant's stock worth $169,000 after purchasing an additional 268 shares in the last quarter. Institutional investors own 71.13% of the company's stock.

Insider Buying and Selling at Microsoft

In other Microsoft news, CFO Amy Hood sold 38,000 shares of the business's stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total value of $15,600,900.00. Following the transaction, the chief financial officer now directly owns 496,369 shares of the company's stock, valued at approximately $203,784,292.95. The trade was a 7.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bradford L. Smith sold 40,000 shares of the business's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $402.59, for a total value of $16,103,600.00. Following the sale, the insider now owns 544,847 shares of the company's stock, valued at approximately $219,349,953.73. This represents a 6.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 134,578 shares of company stock valued at $55,279,956. 0.03% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of analyst reports. Royal Bank of Canada reiterated an "outperform" rating and set a $500.00 price objective on shares of Microsoft in a research note on Tuesday, November 5th. 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. StockNews.com upgraded Microsoft from a "hold" rating to a "buy" rating in a research note on Tuesday. Sanford C. Bernstein dropped their price target on Microsoft from $501.00 to $500.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Finally, Truist Financial reaffirmed a "buy" rating and issued a $600.00 price objective on shares of Microsoft in a report on Monday, October 28th. Two analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $503.03.

Microsoft Trading Up 1.5 %

Shares of Microsoft stock traded up $6.66 during midday trading on Wednesday, reaching $437.86. The company had a trading volume of 12,770,847 shares, compared to its average volume of 20,511,053. The stock has a fifty day moving average price of $420.83 and a 200 day moving average price of $426.70. 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 $3.26 trillion, a PE ratio of 36.10, a P/E/G ratio of 2.29 and a beta of 0.90. Microsoft Co. has a fifty-two week low of $364.13 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping analysts' consensus estimates of $3.10 by $0.20. The company had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The firm's quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.99 earnings per share. On average, equities analysts anticipate that Microsoft Co. will post 12.93 earnings per share for the current year.

Microsoft announced that its board has approved a stock buyback plan on Monday, September 16th that permits the company to buyback $60.00 billion in shares. This buyback authorization permits the software giant to buy up to 1.9% of its stock through open market purchases. Stock buyback 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 paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.76%. Microsoft's dividend payout ratio (DPR) is presently 27.39%.

About Microsoft

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.