Schrum Private Wealth Management LLC Raises Holdings in Microsoft Co. (NASDAQ:MSFT)

Schrum Private Wealth Management LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 64.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,296 shares of the software giant's stock after buying an additional 11,501 shares during the period. Microsoft accounts for 6.5% of Schrum Private Wealth Management LLC's holdings, making the stock its 2nd biggest position. Schrum Private Wealth Management LLC's holdings in Microsoft were worth $12,606,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc increased its holdings in Microsoft by 169.2% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant's stock worth $31,000 after acquiring an additional 44 shares in the last quarter. Quarry LP acquired a new stake in shares of Microsoft in the second quarter valued at about $45,000. Innealta Capital LLC purchased a new stake in shares of Microsoft during the second quarter worth about $75,000. Carolina Wealth Advisors LLC raised its position 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 worth $145,000 after purchasing an additional 31 shares during the last quarter. Finally, MayTech Global Investments LLC purchased a new position in Microsoft in the 2nd quarter valued at about $200,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insider Activity

In other news, CMO Takeshi Numoto sold 1,000 shares of the firm'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 directly owns 57,511 shares in the company, valued at $23,850,961.92. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the business's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $417.00, for a total value of $10,425,000.00. Following the sale, the executive vice president now owns 117,294 shares of the company's stock, valued at $48,911,598. The trade was a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock valued at $17,383,892 over the last quarter. Company insiders own 0.03% of the company's stock.

Microsoft Price Performance

Shares of NASDAQ:MSFT traded up $4.45 on Friday, hitting $429.03. The company had a trading volume of 26,146,013 shares, compared to its average volume of 17,227,436. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The company has a market cap of $3.19 trillion, a PE ratio of 35.40, a PEG ratio of 2.22 and a beta of 0.90. Microsoft Co. has a 52-week low of $385.58 and a 52-week high of $468.35. The business has a 50 day moving average of $429.32 and a 200 day moving average of $426.37.

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 for the quarter, beating analysts' consensus estimates of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. During the same quarter in the previous year, the business posted $2.99 earnings per share. The company's revenue was up 16.0% on a year-over-year basis. As a group, equities analysts anticipate that Microsoft Co. will post 12.92 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft's dividend payout ratio (DPR) is 27.39%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Piper Sandler lifted their price target on Microsoft from $470.00 to $520.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. The Goldman Sachs Group dropped their target price on shares of Microsoft from $515.00 to $500.00 and set a "buy" rating for the company in a report on Thursday, October 10th. KeyCorp boosted their price target on shares of Microsoft from $490.00 to $505.00 and gave the stock an "overweight" rating in a research report on Friday, October 18th. JPMorgan Chase & Co. decreased their target price on shares of Microsoft from $470.00 to $465.00 and set an "overweight" rating on the stock in a research note on Thursday, October 31st. Finally, Citigroup lowered their target price on Microsoft from $500.00 to $497.00 and set a "buy" rating on the stock in a report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target 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.