WealthPlan Investment Management LLC Grows Stock Position in Microsoft Co. (NASDAQ:MSFT)

WealthPlan Investment Management LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 12.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,529 shares of the software giant’s stock after acquiring an additional 2,682 shares during the quarter. Microsoft accounts for about 1.1% of WealthPlan Investment Management LLC’s investment portfolio, making the stock its 28th largest holding. WealthPlan Investment Management LLC’s holdings in Microsoft were worth $10,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of MSFT. WFA Asset Management Corp raised its stake in shares of Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after acquiring an additional 216 shares during the last quarter. Financial Partners Group Inc increased its holdings in Microsoft by 0.7% during the 2nd quarter. Financial Partners Group Inc now owns 40,699 shares of the software giant’s stock valued at $18,191,000 after purchasing an additional 283 shares during the period. Sarasin & Partners LLP raised its position in Microsoft by 15.8% during the 2nd quarter. Sarasin & Partners LLP now owns 1,653,394 shares of the software giant’s stock valued at $738,984,000 after purchasing an additional 225,961 shares during the last quarter. Stokes Capital Advisors LLC lifted its holdings in Microsoft by 1.4% in the 2nd quarter. Stokes Capital Advisors LLC now owns 36,918 shares of the software giant’s stock worth $16,501,000 after buying an additional 510 shares during the period. Finally, Chapin Davis Inc. grew its position in shares of Microsoft by 2.0% in the 2nd quarter. Chapin Davis Inc. now owns 40,936 shares of the software giant’s stock worth $18,297,000 after buying an additional 802 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Insider Transactions at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $447.41, for a total value of $1,118,525.00. Following the transaction, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. This trade represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the sale, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at $48,911,598. The trade was a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,200 shares of company stock worth $17,383,892 in the last ninety days. Insiders own 0.03% of the company’s stock.

Microsoft Trading Down 0.4 %

Microsoft stock opened at $424.58 on Friday. Microsoft Co. has a one year low of $384.81 and a one year high of $468.35. The business’s fifty day moving average is $429.21 and its 200 day moving average is $426.58. 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 stock has a market capitalization of $3.16 trillion, a PE ratio of 35.03, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90.

Microsoft (NASDAQ:MSFTGet Free Report) last released its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $64.57 billion. During the same period in the previous year, the company earned $2.99 earnings per share. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. On average, sell-side analysts predict that Microsoft Co. will post 12.92 EPS for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued 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 dividend yield of 0.78%. Microsoft’s payout ratio is 27.39%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MSFT. Wells Fargo & Company reaffirmed a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. TD Cowen dropped their target price on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Citigroup reduced their price target on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research report on Wednesday, October 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, JPMorgan Chase & Co. reduced their target price on Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average price target of $511.62.

View Our Latest Stock Report on MSFT

Microsoft Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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