FSC Wealth Advisors LLC Acquires 113 Shares of Microsoft Co. (NASDAQ:MSFT)

FSC Wealth Advisors LLC boosted its position in Microsoft Co. (NASDAQ:MSFT) by 3.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 3,756 shares of the software giant’s stock after purchasing an additional 113 shares during the period. Microsoft comprises 1.2% of FSC Wealth Advisors LLC’s investment portfolio, making the stock its 22nd biggest position. FSC Wealth Advisors LLC’s holdings in Microsoft were worth $1,616,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Swedbank AB purchased a new position in shares of Microsoft in the first quarter worth about $5,587,119,000. Wulff Hansen & CO. lifted its position in Microsoft by 47,196.6% during the second quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant’s stock valued at $2,160,850,000 after purchasing an additional 4,824,436 shares during the last quarter. Strategic Financial Concepts LLC boosted its holdings in shares of Microsoft by 31,648.5% in the 2nd quarter. Strategic Financial Concepts LLC now owns 1,871,892 shares of the software giant’s stock worth $8,366,000 after purchasing an additional 1,865,996 shares in the last quarter. PineStone Asset Management Inc. raised its holdings in shares of Microsoft by 128.4% during the 2nd quarter. PineStone Asset Management Inc. now owns 3,160,657 shares of the software giant’s stock valued at $1,412,656,000 after buying an additional 1,776,825 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Microsoft by 6.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant’s stock valued at $10,768,771,000 after purchasing an additional 1,563,533 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wedbush reiterated an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a report on Tuesday, November 19th. UBS Group cut their price objective on Microsoft from $510.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. BMO Capital Markets dropped their price target on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. The Goldman Sachs Group reduced their price objective on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Finally, DA Davidson downgraded shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price on the stock. in a research report on Monday, September 23rd. Two analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $505.43.

Insider Buying and Selling at Microsoft

In other news, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total value of $414,720.00. Following the completion of the sale, the chief marketing officer now directly owns 57,511 shares of the company’s stock, valued at $23,850,961.92. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of Microsoft 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 transaction, the executive vice president now owns 103,366 shares in the company, valued at approximately $43,792,039.56. This trade represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,200 shares of company stock valued at $17,383,892. Company insiders own 0.03% of the company’s stock.

Microsoft Trading Up 1.0 %

Microsoft stock opened at $451.59 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. The business’s fifty day moving average is $425.00 and its 200 day moving average is $427.76. Microsoft Co. has a one year low of $366.50 and a one year high of $468.35. The stock has a market capitalization of $3.36 trillion, a PE ratio of 37.26, a price-to-earnings-growth ratio of 2.38 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. The business had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.99 EPS. On average, sell-side analysts predict that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft Announces Dividend

The business 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 of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.74%. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

Microsoft announced that its Board of Directors has initiated a stock repurchase plan on Monday, September 16th that allows the company to buyback $60.00 billion in outstanding shares. This buyback authorization allows the software giant to repurchase up to 1.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

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.