263,742 Shares in Microsoft Co. (NASDAQ:MSFT) Bought by Nwam LLC

Nwam LLC purchased a new position in Microsoft Co. (NASDAQ:MSFT - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 263,742 shares of the software giant's stock, valued at approximately $113,488,000. Microsoft comprises about 6.9% of Nwam LLC's portfolio, making the stock its biggest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Christopher J. Hasenberg Inc grew its holdings in Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant's stock valued at $39,000 after purchasing an additional 25 shares during the period. Quarry LP purchased a new stake in shares of Microsoft during the 2nd quarter valued at $45,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Microsoft in the 3rd quarter worth $62,000. Innealta Capital LLC acquired a new position in Microsoft in the second quarter valued at $75,000. Finally, Carolina Wealth Advisors LLC grew its position in Microsoft by 10.1% during the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant's stock valued at $145,000 after acquiring an additional 31 shares during the period. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Christopher David Young sold 7,200 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 103,366 shares in the company, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO Takeshi Numoto sold 1,000 shares of the company's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total value of $414,720.00. Following the sale, the chief marketing officer now owns 57,511 shares of the company's stock, valued at approximately $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. Insiders have sold 41,200 shares of company stock valued at $17,383,892 in the last three months. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Trading Down 6.2 %

Microsoft stock traded down $27.34 during trading hours on Thursday, reaching $414.99. 53,865,877 shares of the company's stock traded hands, compared to its average volume of 22,496,486. The firm's 50 day moving average is $432.55 and its 200-day moving average is $424.95. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. Microsoft Co. has a fifty-two week low of $385.58 and a fifty-two week high of $468.35. The firm has a market capitalization of $3.09 trillion, a price-to-earnings ratio of 34.24, a PEG ratio of 2.40 and a beta of 0.90.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping 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 company posted $2.93 earnings per share. On average, analysts predict that Microsoft Co. will post 12.9 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Thursday, February 20th. Microsoft's dividend payout ratio (DPR) is currently 27.39%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Citigroup reduced their target price on shares of Microsoft from $500.00 to $497.00 and set a "buy" rating on the stock in a report on Wednesday, October 23rd. TD Cowen decreased their target price on Microsoft from $495.00 to $475.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. Mizuho reduced their price target on Microsoft from $510.00 to $500.00 and set an "outperform" rating on the stock in a research report on Thursday. Wedbush reaffirmed an "outperform" rating and set a $550.00 target price on shares of Microsoft in a research report on Tuesday, November 19th. Finally, Morgan Stanley reduced their price target on Microsoft from $540.00 to $530.00 and set an "overweight" rating for the company in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $510.24.

Microsoft Company 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.