Pettinga Financial Advisors LLC Purchases 109 Shares of Microsoft Co. (NASDAQ:MSFT)

Pettinga Financial Advisors LLC raised its position in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 1.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,749 shares of the software giant’s stock after acquiring an additional 109 shares during the period. Pettinga Financial Advisors LLC’s holdings in Microsoft were worth $3,334,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Christopher J. Hasenberg Inc boosted its holdings in shares of Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after acquiring an additional 44 shares during the period. Quarry LP bought a new stake in shares of Microsoft in the second quarter valued at approximately $45,000. Innealta Capital LLC bought a new stake in shares of Microsoft in the second quarter valued at approximately $75,000. Carolina Wealth Advisors LLC boosted its stake in shares of Microsoft by 10.1% in the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after buying an additional 31 shares during the period. Finally, MayTech Global Investments LLC bought a new stake in shares of Microsoft in the second quarter valued at approximately $200,000. Institutional investors own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were 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 in the company, valued at approximately $23,850,961.92. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Judson Althoff sold 25,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the transaction, the executive vice president now owns 117,294 shares in the company, valued at approximately $48,911,598. This trade represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,200 shares of company stock valued at $17,383,892. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Morgan Stanley cut their price target on Microsoft from $548.00 to $540.00 and set an “overweight” rating for the company in a research note on Wednesday. Stifel Nicolaus boosted their price target on Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Oppenheimer cut Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. Wells Fargo & Company reiterated a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. Finally, KeyCorp upped their target price on Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and an average price target of $512.66.

View Our Latest Report on Microsoft

Microsoft Trading Up 0.1 %

NASDAQ:MSFT opened at $446.71 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The firm has a market cap of $3.32 trillion, a price-to-earnings ratio of 36.86, a price-to-earnings-growth ratio of 2.28 and a beta of 0.90. Microsoft Co. has a 52 week low of $385.58 and a 52 week high of $468.35. The firm has a 50-day moving average price of $430.07 and a two-hundred day moving average price of $425.55.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. During the same quarter last year, the business posted $2.99 EPS. Microsoft’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, equities analysts expect that Microsoft Co. will post 12.91 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio is currently 27.39%.

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.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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