Microsoft Co. (NASDAQ:MSFT) Shares Bought by Rede Wealth LLC

Rede Wealth LLC lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,626 shares of the software giant’s stock after buying an additional 126 shares during the quarter. Microsoft comprises approximately 1.4% of Rede Wealth LLC’s investment portfolio, making the stock its 7th biggest holding. Rede Wealth LLC’s holdings in Microsoft were worth $3,712,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. West Branch Capital LLC grew its position in shares of Microsoft by 0.4% during the 3rd quarter. West Branch Capital LLC now owns 53,409 shares of the software giant’s stock worth $22,982,000 after buying an additional 234 shares during the period. Atlas Wealth Partners LLC acquired a new position in Microsoft during the third quarter valued at approximately $2,846,000. Pure Portfolios Holdings LLC acquired a new position in Microsoft during the third quarter valued at approximately $2,936,000. Bernardo Wealth Planning LLC grew its holdings in Microsoft by 26.8% during the third quarter. Bernardo Wealth Planning LLC now owns 3,463 shares of the software giant’s stock valued at $1,443,000 after purchasing an additional 731 shares during the period. Finally, Werba Rubin Papier Wealth Management grew its holdings in Microsoft by 10.3% during the third quarter. Werba Rubin Papier Wealth Management now owns 9,159 shares of the software giant’s stock valued at $3,941,000 after purchasing an additional 852 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insiders Place Their Bets

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the sale, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 transaction of $414,720.00. Following the completion of the transaction, the chief marketing officer now owns 57,511 shares in the company, valued at approximately $23,850,961.92. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,200 shares of company stock valued at $17,383,892. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. BMO Capital Markets decreased 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. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a report on Tuesday, November 5th. Truist Financial restated a “buy” rating and set a $600.00 price objective on shares of Microsoft in a report on Monday, October 28th. Piper Sandler restated an “overweight” rating and set a $470.00 price objective on shares of Microsoft in a report on Thursday, October 31st. Finally, UBS Group decreased their price objective on shares of Microsoft from $510.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus price target of $504.36.

Microsoft Stock Performance

Shares of MSFT stock opened at $449.56 on Friday. The company’s fifty day simple moving average is $422.87 and its 200-day simple moving average is $427.35. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The firm has a market cap of $3.34 trillion, a PE ratio of 37.09, a P/E/G ratio of 2.37 and a beta of 0.90. Microsoft Co. has a 12 month low of $364.13 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (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 firm had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. During the same period in the prior year, the firm posted $2.99 earnings per share. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. Equities research analysts expect that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft declared that its board has approved a stock buyback plan on Monday, September 16th that authorizes the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization authorizes the software giant to purchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is currently 27.39%.

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.