Biltmore Family Office LLC Boosts Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Biltmore Family Office LLC boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 3.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,406 shares of the software giant's stock after buying an additional 1,025 shares during the period. Microsoft makes up about 2.5% of Biltmore Family Office LLC's holdings, making the stock its 5th biggest position. Biltmore Family Office LLC's holdings in Microsoft were worth $14,375,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Christopher J. Hasenberg Inc raised its stake in shares of Microsoft by 35.7% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant's stock worth $39,000 after purchasing an additional 25 shares in the last quarter. Quarry LP acquired a new stake in Microsoft in the second quarter valued at approximately $45,000. MidAtlantic Capital Management Inc. bought a new stake in Microsoft in the third quarter worth approximately $62,000. Innealta Capital LLC acquired a new position in shares of Microsoft during the 2nd quarter worth $75,000. Finally, Carolina Wealth Advisors LLC raised its holdings in shares of Microsoft by 10.1% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant's stock valued at $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 Activity

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the transaction, the executive vice president now owns 103,366 shares of the company's stock, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Takeshi Numoto sold 1,000 shares of the business's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the transaction, the chief marketing officer now owns 57,511 shares of the company's stock, valued at $23,850,961.92. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,200 shares of company stock valued at $17,383,892. 0.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of recent research reports. Oppenheimer cut shares of Microsoft from an "outperform" rating to a "market perform" rating in a report on Tuesday, October 8th. TD Cowen cut their price objective on Microsoft from $495.00 to $475.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. BMO Capital Markets decreased their target price on Microsoft from $500.00 to $495.00 and set an "outperform" rating for the company in a research report on Thursday, October 31st. DA Davidson reissued a "neutral" rating and issued a $425.00 price target on shares of Microsoft in a research report on Thursday. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a report on Friday, January 24th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $510.24.

Microsoft Price Performance

Microsoft stock traded down $27.50 during mid-day trading on Thursday, hitting $414.83. 47,641,351 shares of the company were exchanged, compared to its average volume of 21,904,332. Microsoft Co. has a 1-year low of $385.58 and a 1-year high of $468.35. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The business has a fifty day moving average of $432.55 and a 200 day moving average of $424.95. The company has a market capitalization of $3.08 trillion, a PE ratio of 34.23, a price-to-earnings-growth ratio of 2.40 and a beta of 0.90.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data 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 period in the prior year, the business posted $2.93 earnings per share. As a group, sell-side analysts expect that Microsoft Co. will post 12.9 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Thursday, February 20th. Microsoft's dividend payout ratio (DPR) is presently 27.39%.

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.