Microsoft Co. (NASDAQ:MSFT) is Aaron Wealth Advisors LLC’s 6th Largest Position

Aaron Wealth Advisors LLC increased its position in Microsoft Co. (NASDAQ:MSFT) by 11.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,389 shares of the software giant’s stock after buying an additional 5,896 shares during the period. Microsoft accounts for about 3.0% of Aaron Wealth Advisors LLC’s investment portfolio, making the stock its 6th biggest position. Aaron Wealth Advisors LLC’s holdings in Microsoft were worth $25,555,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MSFT. Christopher J. Hasenberg Inc grew its position in Microsoft by 169.2% in the second 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 bought a new stake in shares of Microsoft in the 2nd quarter valued at approximately $45,000. Innealta Capital LLC purchased a new position in shares of Microsoft in the 2nd quarter worth approximately $75,000. Bellevue Group AG increased its position in shares of Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after purchasing an additional 58 shares during the last quarter. Finally, Bbjs Financial Advisors LLC raised its holdings in Microsoft by 241.4% during the 2nd quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock valued at $169,000 after buying an additional 268 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. UBS Group cut their price objective on shares of Microsoft from $510.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Morgan Stanley upped their price target on shares of Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Truist Financial reissued a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research note on Monday, October 28th. Oppenheimer cut Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $504.36.

Insider Buying and Selling at Microsoft

In other news, EVP Christopher David Young sold 7,200 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the sale, the executive vice president now owns 103,366 shares in the company, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,700 shares of company stock worth $16,265,367 over the last three months. Corporate insiders own 0.03% of the company’s stock.

Microsoft Trading Up 0.6 %

Shares of NASDAQ:MSFT opened at $446.02 on Tuesday. The company has a market capitalization of $3.32 trillion, a PE ratio of 36.80, a P/E/G ratio of 2.35 and a beta of 0.90. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. Microsoft Co. has a 12-month low of $364.13 and a 12-month high of $468.35. The business’s fifty day simple moving average is $421.78 and its 200-day simple moving average is $427.11.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.20. The company had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.99 earnings per share. As a group, equities research analysts predict that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company 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 dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.74%. Microsoft’s payout ratio is 27.39%.

Microsoft announced that its board has approved a share repurchase program on Monday, September 16th that authorizes the company to repurchase $60.00 billion in shares. This repurchase authorization authorizes the software giant to repurchase up to 1.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

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.