Microsoft Co. (NASDAQ:MSFT) Shares Purchased by FSM Wealth Advisors LLC

FSM Wealth Advisors LLC lifted its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 25.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,279 shares of the software giant’s stock after purchasing an additional 3,458 shares during the period. Microsoft accounts for 3.3% of FSM Wealth Advisors LLC’s holdings, making the stock its 5th biggest position. FSM Wealth Advisors LLC’s holdings in Microsoft were worth $4,024,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. DGS Capital Management LLC lifted its stake in Microsoft by 19.9% in the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock valued at $4,422,000 after purchasing an additional 2,383 shares during the last quarter. IFM Investors Pty Ltd raised its holdings in Microsoft by 20.8% in the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock valued at $351,001,000 after acquiring an additional 196,338 shares during the period. Altus Wealth Group LLC raised its holdings in Microsoft by 1.2% in the 1st quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock valued at $3,919,000 after acquiring an additional 152 shares during the period. Powell Investment Advisors LLC raised its holdings in Microsoft by 16.2% in the 1st quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock valued at $795,000 after acquiring an additional 359 shares during the period. Finally, Onyx Bridge Wealth Group LLC raised its holdings in Microsoft by 8.2% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock valued at $1,921,000 after acquiring an additional 512 shares during the period. 69.15% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Performance

Shares of Microsoft stock opened at $240.22 on Friday. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $315.95. The stock has a market cap of $1.79 trillion, a price-to-earnings ratio of 25.89, a P/E/G ratio of 2.35 and a beta of 0.94. The company’s fifty day moving average is $241.70 and its 200 day moving average is $250.01.

Microsoft (NASDAQ:MSFTGet Rating) last issued its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.06. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The company had revenue of $50.12 billion for the quarter, compared to analysts’ expectations of $49.70 billion. During the same quarter in the previous year, the firm posted $2.27 earnings per share. Microsoft’s revenue for the quarter was up 10.6% on a year-over-year basis. Sell-side analysts forecast that Microsoft Co. will post 9.52 EPS for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 9th. Shareholders of record on Thursday, February 16th will be given a dividend of $0.68 per share. The ex-dividend date is Wednesday, February 15th. This represents a $2.72 dividend on an annualized basis and a yield of 1.13%. Microsoft’s dividend payout ratio (DPR) is currently 29.31%.

Analyst Ratings Changes

Several research analysts have weighed in on MSFT shares. The Goldman Sachs Group set a $315.00 price target on shares of Microsoft in a report on Tuesday, January 17th. Oppenheimer lowered their price target on shares of Microsoft from $275.00 to $265.00 in a report on Wednesday, October 26th. BMO Capital Markets lowered their target price on shares of Microsoft from $295.00 to $270.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Cowen lowered their target price on shares of Microsoft from $285.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Wells Fargo & Company lowered their target price on shares of Microsoft from $315.00 to $300.00 and set an “overweight” rating on the stock in a report on Wednesday, October 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $287.88.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Judson Althoff sold 24,144 shares of the company’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $254.27, for a total transaction of $6,139,094.88. Following the sale, the executive vice president now owns 150,047 shares of the company’s stock, valued at $38,152,450.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.03% of the company’s stock.

About Microsoft

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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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