Bogart Wealth LLC Buys 1,327 Shares of Microsoft Co. (NASDAQ:MSFT)

Bogart Wealth LLC lifted its stake in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 2.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,518 shares of the software giant’s stock after purchasing an additional 1,327 shares during the period. Microsoft makes up about 1.2% of Bogart Wealth LLC’s investment portfolio, making the stock its 17th biggest position. Bogart Wealth LLC’s holdings in Microsoft were worth $19,109,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Monumental Financial Group Inc. acquired a new position in Microsoft in the first quarter valued at approximately $28,000. Atlantic Private Wealth LLC lifted its holdings in Microsoft by 534.5% in the second quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock valued at $63,000 after buying an additional 155 shares during the period. Infrastructure Capital Advisors LLC acquired a new position in Microsoft in the second quarter valued at approximately $601,000. Hibernia Wealth Partners LLC acquired a new position in Microsoft in the third quarter valued at approximately $69,000. Finally, Iron Horse Wealth Management LLC increased its stake in Microsoft by 89.0% in the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after purchasing an additional 105 shares in the last quarter. 69.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. China Renaissance assumed coverage on shares of Microsoft in a research note on Tuesday, December 5th. They issued a “buy” rating and a $466.00 target price for the company. HSBC raised shares of Microsoft from a “hold” rating to a “buy” rating and upped their target price for the company from $347.00 to $413.00 in a research note on Thursday, October 26th. Argus upped their target price on shares of Microsoft from $390.00 to $430.00 and gave the company a “buy” rating in a research note on Tuesday, December 5th. Oppenheimer reaffirmed an “outperform” rating and issued a $410.00 target price on shares of Microsoft in a research note on Wednesday, October 25th. Finally, Macquarie increased their price objective on shares of Microsoft from $430.00 to $450.00 and gave the stock an “outperform” rating in a research report 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $411.06.

Read Our Latest Research Report on Microsoft

Microsoft Price Performance

Shares of Microsoft stock opened at $420.55 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. Microsoft Co. has a twelve month low of $245.61 and a twelve month high of $420.82. The stock has a market capitalization of $3.12 trillion, a price-to-earnings ratio of 38.02, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. The company has a 50-day simple moving average of $385.39 and a two-hundred day simple moving average of $354.19.

Microsoft (NASDAQ:MSFTGet Free Report) last released its earnings results on Tuesday, January 30th. The software giant reported $2.93 EPS for the quarter, beating the consensus estimate of $2.76 by $0.17. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The firm had revenue of $62.02 billion for the quarter, compared to analyst estimates of $61.14 billion. During the same period last year, the firm earned $2.32 EPS. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. Analysts forecast that Microsoft Co. will post 11.6 EPS for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Thursday, February 15th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.71%. The ex-dividend date is Wednesday, February 14th. Microsoft’s dividend payout ratio is currently 27.12%.

Insider Buying and Selling at Microsoft

In related news, insider Bradford L. Smith sold 45,000 shares of Microsoft stock in a transaction that occurred on 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 sale, the insider now directly owns 574,129 shares of the company’s stock, valued at approximately $236,414,839.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Bradford L. Smith sold 45,000 shares of Microsoft stock in a transaction that occurred on 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 sale, the insider now directly owns 574,129 shares of the company’s stock, valued at approximately $236,414,839.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathleen T. Hogan sold 24,681 shares of Microsoft stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 183,761 shares in the company, valued at $67,807,809. The disclosure for this sale can be found here. Insiders have sold a total of 72,984 shares of company stock valued at $28,978,803 in the last ninety days. 0.03% of the stock is currently owned by company insiders.

Microsoft Company 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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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