Beam Wealth Advisors Inc. Acquires 216 Shares of Microsoft Co. (NASDAQ:MSFT)

Beam Wealth Advisors Inc. boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 1.8% during the 3rd quarter, Holdings Channel reports. The firm owned 12,082 shares of the software giant’s stock after buying an additional 216 shares during the period. Microsoft comprises about 1.6% of Beam Wealth Advisors Inc.’s portfolio, making the stock its 13th biggest holding. Beam Wealth Advisors Inc.’s holdings in Microsoft were worth $5,199,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. International Assets Investment Management LLC grew its holdings in shares of Microsoft by 48,526.1% in the third quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock valued at $16,567,258,000 after purchasing an additional 38,422,466 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Microsoft by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant’s stock valued at $15,426,767,000 after purchasing an additional 97,075 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Microsoft by 6.9% during the second quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant’s stock valued at $10,768,771,000 after purchasing an additional 1,563,533 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Microsoft by 3.3% in the 3rd quarter. Principal Financial Group Inc. now owns 15,651,058 shares of the software giant’s stock worth $6,734,651,000 after buying an additional 501,954 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Microsoft by 0.3% in the 2nd quarter. Rhumbline Advisers now owns 14,738,956 shares of the software giant’s stock worth $6,587,576,000 after buying an additional 45,220 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Mizuho raised their price objective on Microsoft from $480.00 to $510.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. TD Cowen lowered their price target on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. BMO Capital Markets dropped their price objective on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Piper Sandler increased their target price on shares of Microsoft from $470.00 to $520.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Finally, StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $511.62.

View Our Latest Analysis on MSFT

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $415.67 on Wednesday. The firm has a 50-day simple moving average of $429.08 and a 200-day simple moving average of $426.72. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $3.09 trillion, a price-to-earnings ratio of 34.30, a price-to-earnings-growth ratio of 2.37 and a beta of 0.90. Microsoft Co. has a 52 week low of $384.81 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.20. The business had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.99 EPS. On average, equities analysts predict that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.80%. Microsoft’s payout ratio is 27.39%.

Insider Activity

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the sale, the executive vice president now owns 103,366 shares of the company’s stock, valued at $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the transaction, the chief marketing officer now owns 57,511 shares of the company’s stock, valued at approximately $23,850,961.92. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock valued at $17,383,892 in the last 90 days. Company insiders own 0.03% of the company’s stock.

Microsoft 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.

Read More

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFTFree Report).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.