Microsoft Co. (NASDAQ:MSFT) is Stockman Wealth Management Inc.’s 5th Largest Position

Stockman Wealth Management Inc. boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,978 shares of the software giant’s stock after purchasing an additional 897 shares during the quarter. Microsoft comprises about 3.3% of Stockman Wealth Management Inc.’s investment portfolio, making the stock its 5th largest position. Stockman Wealth Management Inc.’s holdings in Microsoft were worth $21,505,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in MSFT. Christopher J. Hasenberg Inc boosted its holdings in Microsoft by 169.2% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after acquiring an additional 44 shares during the period. Quarry LP purchased a new stake in Microsoft in the 2nd quarter valued at about $45,000. Innealta Capital LLC bought a new position in Microsoft in the 2nd quarter worth about $75,000. Carolina Wealth Advisors LLC raised its stake in shares of Microsoft by 10.1% during the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after acquiring an additional 31 shares in the last quarter. Finally, MayTech Global Investments LLC purchased a new stake in shares of Microsoft in the second quarter valued at approximately $200,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MSFT shares. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research report on Tuesday, November 5th. Piper Sandler upped their price objective on Microsoft from $470.00 to $520.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. UBS Group boosted their target price on shares of Microsoft from $500.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Wedbush reaffirmed an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a report on Tuesday, November 19th. Finally, BMO Capital Markets lowered their price objective on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $511.62.

Microsoft Stock Performance

NASDAQ:MSFT opened at $415.67 on Wednesday. The firm has a market capitalization of $3.09 trillion, a PE ratio of 34.30, a price-to-earnings-growth ratio of 2.37 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. The business’s fifty day moving average price is $429.08 and its 200 day moving average price is $426.72. Microsoft Co. has a 12 month low of $384.81 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT) last posted 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 firm had revenue of $65.59 billion during 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 firm’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.99 earnings per share. On average, sell-side analysts anticipate that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

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

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now owns 103,366 shares in the company, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now owns 49,352 shares of the company’s stock, valued at $22,080,578.32. This represents a 4.82 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is owned by company insiders.

Microsoft Company Profile

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.