Beacon Investment Advisory Services Inc. Has $52.81 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Beacon Investment Advisory Services Inc. boosted its position in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 0.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 167,249 shares of the software giant’s stock after purchasing an additional 266 shares during the quarter. Microsoft comprises about 2.6% of Beacon Investment Advisory Services Inc.’s portfolio, making the stock its 8th biggest position. Beacon Investment Advisory Services Inc.’s holdings in Microsoft were worth $52,809,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Monumental Financial Group Inc. bought a new stake in Microsoft during the 1st quarter valued at $28,000. Atlantic Private Wealth LLC boosted its position in shares of Microsoft by 534.5% in the 2nd quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock worth $63,000 after purchasing an additional 155 shares in the last quarter. Infrastructure Capital Advisors LLC acquired a new stake in shares of Microsoft in the 2nd quarter worth $601,000. Hibernia Wealth Partners LLC acquired a new stake in shares of Microsoft in the 3rd quarter worth $69,000. Finally, Iron Horse Wealth Management LLC boosted its position in shares of Microsoft by 89.0% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after purchasing an additional 105 shares in the last quarter. 69.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Microsoft

In other news, EVP Kathleen T. Hogan sold 24,681 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $369.00, for a total transaction of $9,107,289.00. Following the transaction, the executive vice president now directly owns 183,761 shares in the company, valued at approximately $67,807,809. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Kathleen T. Hogan sold 24,681 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $369.00, for a total value of $9,107,289.00. Following the transaction, the executive vice president now directly owns 183,761 shares in the company, valued at $67,807,809. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bradford L. Smith sold 3,303 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $406.12, for a total value of $1,341,414.36. Following the completion of the transaction, the insider now owns 570,826 shares in the company, valued at $231,823,855.12. The disclosure for this sale can be found here. Insiders have sold a total of 72,984 shares of company stock worth $28,978,803 in the last ninety days. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on MSFT shares. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Truist Financial reissued a “buy” rating on shares of Microsoft in a research report on Tuesday, January 23rd. Mizuho raised their price objective on Microsoft from $420.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. Argus raised their price objective on Microsoft from $390.00 to $430.00 and gave the stock a “buy” rating in a research report on Tuesday, December 5th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $432.00 price target on shares of Microsoft in a research report on Monday, November 20th. Four equities research analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $411.06.

View Our Latest Analysis on Microsoft

Microsoft Price Performance

NASDAQ:MSFT opened at $420.55 on Monday. The firm has a market cap of $3.12 trillion, a P/E ratio of 38.02, a price-to-earnings-growth ratio of 2.24 and a beta of 0.90. The stock has a 50 day moving average of $385.39 and a two-hundred day moving average of $354.31. Microsoft Co. has a 12 month low of $245.61 and a 12 month high of $420.82. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19.

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

Microsoft Dividend Announcement

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

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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