Lokken Investment Group LLC Has $5.91 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Lokken Investment Group LLC boosted its position in Microsoft Co. (NASDAQ:MSFT) by 4.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,229 shares of the software giant’s stock after buying an additional 547 shares during the quarter. Microsoft makes up about 2.8% of Lokken Investment Group LLC’s investment portfolio, making the stock its 6th biggest holding. Lokken Investment Group LLC’s holdings in Microsoft were worth $5,912,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rebalance LLC boosted its holdings in Microsoft by 0.7% during the second quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock valued at $1,542,000 after acquiring an additional 24 shares during the period. First National Bank Sioux Falls raised its position in shares of Microsoft by 0.4% during 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 buying an additional 24 shares during the last quarter. Doheny Asset Management CA raised its position in shares of Microsoft by 0.4% during the first quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant’s stock valued at $2,691,000 after buying an additional 25 shares during the last quarter. Flagship Private Wealth LLC raised its position in shares of Microsoft by 2.8% during the second quarter. Flagship Private Wealth LLC now owns 913 shares of the software giant’s stock valued at $408,000 after buying an additional 25 shares during the last quarter. Finally, Massachusetts Wealth Management raised its position in shares of Microsoft by 0.3% during the second quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant’s stock valued at $4,309,000 after buying an additional 25 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on MSFT shares. Citigroup dropped their price target on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research report on Wednesday, July 31st. DA Davidson lowered shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price target for the company. in a research report on Monday, September 23rd. KeyCorp raised their price objective on shares of Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, BMO Capital Markets dropped their price objective on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $503.03.

Insider Transactions at Microsoft

In other news, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the transaction, the chief executive officer now owns 786,933 shares in the company, valued at approximately $328,473,703.53. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the completion of the sale, the chief executive officer now owns 786,933 shares in the company, valued at $328,473,703.53. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the sale, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at $20,552,000. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 190,629 shares of company stock worth $77,916,485. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Down 0.5 %

MSFT stock opened at $408.46 on Tuesday. The stock has a market capitalization of $3.04 trillion, a P/E ratio of 33.70, a price-to-earnings-growth ratio of 2.14 and a beta of 0.91. The company has a current ratio of 1.30, a quick ratio of 1.27 and a debt-to-equity ratio of 0.15. Microsoft Co. has a 12 month low of $353.35 and a 12 month high of $468.35. The firm has a 50-day moving average price of $420.59 and a 200-day moving average price of $424.74.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $64.57 billion. During the same period last year, the company earned $2.99 EPS. The firm’s revenue was up 16.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Microsoft Co. will post 12.98 EPS for the current fiscal year.

Microsoft Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a $0.83 dividend. The ex-dividend date is Thursday, November 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.81%. This is an increase from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s payout ratio is 27.39%.

Microsoft announced that its board has authorized a share repurchase plan on Monday, September 16th that authorizes the company to buyback $60.00 billion in shares. This buyback authorization authorizes the software giant to reacquire up to 1.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

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.