Microsoft Co. (NASDAQ:MSFT) Shares Acquired by New World Advisors LLC

New World Advisors LLC lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 25.4% in the third quarter, HoldingsChannel reports. The firm owned 7,336 shares of the software giant’s stock after acquiring an additional 1,487 shares during the period. Microsoft makes up about 0.8% of New World Advisors LLC’s portfolio, making the stock its 7th biggest holding. New World Advisors LLC’s holdings in Microsoft were worth $2,316,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Stevens Capital Partners boosted its stake in Microsoft by 2.0% during the 2nd quarter. Stevens Capital Partners now owns 1,516 shares of the software giant’s stock valued at $516,000 after purchasing an additional 29 shares during the period. Eagle Bluffs Wealth Management LLC boosted its stake in Microsoft by 0.3% during the 2nd quarter. Eagle Bluffs Wealth Management LLC now owns 10,577 shares of the software giant’s stock valued at $3,602,000 after purchasing an additional 31 shares during the period. Noble Family Wealth LLC boosted its stake in Microsoft by 1.3% during the 3rd quarter. Noble Family Wealth LLC now owns 2,331 shares of the software giant’s stock valued at $736,000 after purchasing an additional 31 shares during the period. O Connor Financial Group LLC boosted its stake in Microsoft by 1.4% during the 3rd quarter. O Connor Financial Group LLC now owns 2,191 shares of the software giant’s stock valued at $692,000 after purchasing an additional 31 shares during the period. Finally, Strategic Investment Solutions Inc. IL boosted its stake in Microsoft by 0.8% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 4,208 shares of the software giant’s stock valued at $1,213,000 after purchasing an additional 32 shares during the period. Institutional investors and hedge funds own 69.20% of the company’s stock.

Insider Activity at Microsoft

In related news, insider Bradford L. Smith sold 45,000 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the completion of the sale, the insider now owns 574,129 shares in the company, valued at approximately $236,414,839.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Kathleen T. Hogan sold 24,681 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $369.00, for a total transaction of $9,107,289.00. Following the completion of the sale, the executive vice president now owns 183,761 shares in the company, valued at approximately $67,807,809. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradford L. Smith sold 45,000 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the sale, the insider now directly owns 574,129 shares in the company, valued at approximately $236,414,839.62. The disclosure for this sale can be found here. Insiders sold a total of 72,984 shares of company stock worth $28,978,803 in the last ninety days. 0.03% of the stock is currently owned by insiders.

Microsoft Price Performance

NASDAQ MSFT opened at $414.05 on Thursday. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. The company has a fifty day simple moving average of $383.76 and a 200 day simple moving average of $353.22. The company has a market cap of $3.08 trillion, a P/E ratio of 37.44, a P/E/G ratio of 2.16 and a beta of 0.90. Microsoft Co. has a 1 year low of $245.61 and a 1 year high of $415.32.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.17. The business had revenue of $62.02 billion during the quarter, compared to the consensus estimate of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. Microsoft’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.32 EPS. On average, sell-side analysts predict that Microsoft Co. will post 11.6 EPS for the current year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 15th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s payout ratio is currently 27.12%.

Analyst Ratings Changes

A number of research analysts have issued reports on MSFT shares. Wedbush reissued an “outperform” rating and set a $450.00 target price on shares of Microsoft in a research note on Monday, January 29th. Wells Fargo & Company upped their price target on shares of Microsoft from $435.00 to $460.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Argus upped their price target on shares of Microsoft from $390.00 to $430.00 and gave the stock a “buy” rating in a research note on Tuesday, December 5th. DA Davidson reaffirmed a “buy” rating and issued a $415.00 price target on shares of Microsoft in a research note on Monday, October 16th. Finally, Raymond James upped their price target on shares of Microsoft from $400.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $411.06.

Read Our Latest Analysis on MSFT

About Microsoft

(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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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