Tobam Boosts Stake in Microsoft Co. (NASDAQ:MSFT)

Tobam raised its position in shares of Microsoft Co. (NASDAQ:MSFT) by 82.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,661 shares of the software giant’s stock after buying an additional 3,007 shares during the quarter. Tobam’s holdings in Microsoft were worth $2,505,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Iron Horse Wealth Management LLC raised its position in shares of Microsoft by 89.0% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after buying an additional 105 shares in the last quarter. Authentikos Wealth Advisory LLC bought a new stake in Microsoft during the third quarter worth approximately $87,000. Family CFO Inc raised its position in Microsoft by 13.6% during the third quarter. Family CFO Inc now owns 359 shares of the software giant’s stock valued at $113,000 after purchasing an additional 43 shares during the period. Cordant Inc. lifted its stake in shares of Microsoft by 647.8% in the 4th quarter. Cordant Inc. now owns 344 shares of the software giant’s stock valued at $129,000 after purchasing an additional 298 shares during the last quarter. Finally, Life Planning Partners Inc bought a new position in shares of Microsoft during the 4th quarter valued at approximately $146,000. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other news, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the sale, the executive vice president now owns 159,764 shares in the company, valued at $64,538,265.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the sale, the executive vice president now directly owns 159,764 shares in the company, valued at approximately $64,538,265.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bradford L. Smith sold 3,303 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the sale, the insider now directly owns 570,826 shares in the company, valued at approximately $231,823,855.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,025,258 shares of company stock worth $12,160,356. 0.03% of the stock is owned by insiders.

Microsoft Stock Up 2.2 %

Shares of Microsoft stock opened at $406.66 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. The company has a market cap of $3.02 trillion, a P/E ratio of 35.21, a PEG ratio of 2.09 and a beta of 0.89. The firm’s 50 day moving average price is $413.76 and its 200-day moving average price is $389.54. Microsoft Co. has a 52-week low of $303.40 and a 52-week high of $430.82.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The business had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. During the same period in the previous year, the company earned $2.45 earnings per share. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. On average, sell-side analysts predict that Microsoft Co. will post 11.76 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s dividend payout ratio is currently 25.97%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Raymond James reaffirmed an “outperform” rating and set a $480.00 price objective (up from $450.00) on shares of Microsoft in a research note on Friday, April 26th. Sanford C. Bernstein upped their price target on shares of Microsoft from $465.00 to $489.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Wells Fargo & Company raised their price objective on shares of Microsoft from $480.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. The Goldman Sachs Group upped their target price on Microsoft from $450.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, Royal Bank of Canada raised their price target on Microsoft from $415.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Three investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $452.61.

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.