Microsoft Co. (NASDAQ:MSFT) is Lummis Asset Management LP's 3rd Largest Position

Lummis Asset Management LP increased its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 23.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 16,339 shares of the software giant's stock after acquiring an additional 3,092 shares during the period. Microsoft makes up approximately 8.2% of Lummis Asset Management LP's holdings, making the stock its 3rd largest holding. Lummis Asset Management LP's holdings in Microsoft were worth $7,031,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MSFT. First National Bank Sioux Falls raised its position in shares of Microsoft by 0.4% in 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 during the period. BCK Partners Inc. boosted its stake in shares of Microsoft by 1.8% in the third quarter. BCK Partners Inc. now owns 1,353 shares of the software giant's stock valued at $582,000 after buying an additional 24 shares during the period. Flagship Private Wealth LLC grew its holdings in shares of Microsoft by 2.8% during 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 Microsoft by 0.3% during the second 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 in the last quarter. Finally, Deseret Mutual Benefit Administrators increased its stake in Microsoft by 0.8% in the second quarter. Deseret Mutual Benefit Administrators now owns 3,255 shares of the software giant's stock valued at $1,455,000 after acquiring an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insider Buying and Selling at Microsoft

In related news, EVP Judson Althoff sold 25,000 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the sale, the executive vice president now directly owns 117,294 shares in the company, valued at approximately $48,911,598. This represents a 17.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total transaction of $414,720.00. Following the completion of the transaction, the chief marketing officer now owns 57,511 shares of the company's stock, valued at $23,850,961.92. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,200 shares of company stock valued at $17,383,892. Company insiders own 0.03% of the company's stock.

Microsoft Stock Performance

MSFT stock traded up $4.45 during midday trading on Monday, hitting $429.03. The company's stock had a trading volume of 26,146,013 shares, compared to its average volume of 17,227,436. Microsoft Co. has a 1 year low of $385.58 and a 1 year high of $468.35. The stock has a market cap of $3.19 trillion, a price-to-earnings ratio of 35.40, a PEG ratio of 2.22 and a beta of 0.90. The stock's 50-day moving average price is $429.32 and its 200 day moving average price is $426.14. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.10 by $0.20. The business had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm's quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.99 earnings per share. On average, equities analysts forecast that Microsoft Co. will post 12.92 EPS for the current year.

Microsoft Dividend Announcement

The company 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 $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.77%. Microsoft's payout ratio is 27.39%.

Analyst Ratings Changes

A number of brokerages recently weighed in on MSFT. Cantor Fitzgerald initiated coverage on Microsoft in a research report on Friday. They set an "overweight" rating and a $509.00 price objective on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $500.00 price objective on shares of Microsoft in a report on Tuesday, November 5th. Mizuho upped their price target on shares of Microsoft from $480.00 to $510.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. The Goldman Sachs Group cut their price target on shares of Microsoft from $515.00 to $500.00 and set a "buy" rating on the stock in a report on Thursday, October 10th. Finally, Stifel Nicolaus raised their target price on Microsoft from $475.00 to $515.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $512.93.

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.