40,165 Shares in Microsoft Co. (NASDAQ:MSFT) Purchased by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC purchased a new position in Microsoft Co. (NASDAQ:MSFT – Get Rating) in the third quarter, Holdings Channel reports. The fund purchased 40,165 shares of the software giant’s stock, valued at approximately $9,815,000.

A number of other large investors also recently bought and sold shares of MSFT. Monumental Financial Group Inc. acquired a new position in shares of Microsoft during the first quarter valued at approximately $28,000. Hanseatic Management Services Inc. raised its holdings in shares of Microsoft by 71.4% during the third quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock valued at $31,000 after acquiring an additional 55 shares during the last quarter. Morgan Dempsey Capital Management LLC acquired a new position in shares of Microsoft during the third quarter valued at approximately $82,000. Avondale Wealth Management raised its holdings in shares of Microsoft by 58.6% during the third quarter. Avondale Wealth Management now owns 406 shares of the software giant’s stock valued at $95,000 after acquiring an additional 150 shares during the last quarter. Finally, Beutel Goodman & Co Ltd. raised its holdings in shares of Microsoft by 57.5% during the third quarter. Beutel Goodman & Co Ltd. now owns 411 shares of the software giant’s stock valued at $95,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds own 69.15% of the company’s stock.

Insider Activity

In other news, CMO Christopher C. Capossela sold 1,000 shares of the stock in a transaction on Monday, February 13th. The stock was sold at an average price of $272.32, for a total value of $272,320.00. Following the sale, the chief marketing officer now directly owns 116,362 shares in the company, valued at $31,687,699.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Microsoft news, CMO Christopher C. Capossela sold 1,000 shares of the firm’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $272.32, for a total value of $272,320.00. Following the sale, the chief marketing officer now directly owns 116,362 shares in the company, valued at $31,687,699.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Satya Nadella sold 4,767 shares of the firm’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total value of $1,186,410.96. Following the completion of the sale, the chief executive officer now owns 788,625 shares in the company, valued at $196,272,990. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,767 shares of company stock worth $1,728,111. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Up 1.2 %

Shares of NASDAQ MSFT opened at $279.43 on Friday. The stock has a market cap of $2.08 trillion, a P/E ratio of 31.05, a PEG ratio of 2.44 and a beta of 0.92. The company has a current ratio of 1.93, a quick ratio of 1.89 and a debt-to-equity ratio of 0.24. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $315.95. The business’s fifty day simple moving average is $252.31 and its 200-day simple moving average is $245.43.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings data on Tuesday, January 24th. The software giant reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.05. The business had revenue of $52.75 billion for the quarter, compared to analysts’ expectations of $53.17 billion. Microsoft had a return on equity of 39.87% and a net margin of 33.05%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the firm earned $2.48 earnings per share. As a group, equities analysts predict that Microsoft Co. will post 9.34 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Stockholders of record on Thursday, May 18th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Wednesday, May 17th. Microsoft’s payout ratio is currently 30.22%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MSFT shares. The Goldman Sachs Group set a $315.00 target price on Microsoft in a report on Wednesday, January 25th. Wolfe Research dropped their price target on Microsoft from $280.00 to $265.00 and set an “outperform” rating for the company in a research report on Wednesday, January 25th. Jefferies Financial Group set a $310.00 price target on Microsoft in a research report on Monday, February 27th. Citigroup upped their price target on Microsoft from $280.00 to $282.00 and gave the company a “buy” rating in a research report on Wednesday, January 25th. Finally, JPMorgan Chase & Co. set a $305.00 price target on Microsoft and gave the company an “overweight” rating in a research report on Wednesday, February 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $286.05.

Microsoft Company Profile

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.