Microsoft Co. (NASDAQ:MSFT) Stock Holdings Increased by Lummis Asset Management LP

Lummis Asset Management LP lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.7% during the second quarter, Holdings Channel reports. The fund owned 13,247 shares of the software giant’s stock after acquiring an additional 86 shares during the period. Microsoft comprises 7.8% of Lummis Asset Management LP’s investment portfolio, making the stock its 3rd largest position. Lummis Asset Management LP’s holdings in Microsoft were worth $5,921,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Christopher J. Hasenberg Inc increased its holdings in Microsoft by 169.2% in the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after buying an additional 44 shares during the last quarter. Innealta Capital LLC purchased a new position in Microsoft in the second quarter valued at $75,000. Bellevue Group AG boosted its stake in Microsoft by 47.5% in the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after acquiring an additional 58 shares in the last quarter. Bbjs Financial Advisors LLC boosted its stake in Microsoft by 241.4% in the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock valued at $169,000 after acquiring an additional 268 shares in the last quarter. Finally, MayTech Global Investments LLC acquired a new position in Microsoft in the second quarter valued at $200,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MSFT shares. Wedbush restated an “underperform” rating on shares of Microsoft in a research note on Friday, October 18th. DA Davidson downgraded shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective for the company. in a research note on Monday, September 23rd. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research note on Tuesday, November 5th. BMO Capital Markets decreased their target price 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. Finally, The Goldman Sachs Group decreased their target price on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $503.03.

Microsoft Trading Up 1.2 %

Shares of MSFT opened at $423.03 on Wednesday. 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 firm has a 50 day simple moving average of $421.11 and a 200-day simple moving average of $425.32. Microsoft Co. has a 1-year low of $362.90 and a 1-year high of $468.35. The stock has a market cap of $3.15 trillion, a price-to-earnings ratio of 34.90, a price-to-earnings-growth ratio of 2.24 and a beta of 0.91.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. During the same period last year, the company posted $2.99 EPS. The company’s revenue was up 16.0% on a year-over-year basis. Equities analysts forecast that Microsoft Co. will post 12.94 EPS for the current fiscal year.

Microsoft Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.78%. This is a boost from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 21st. Microsoft’s dividend payout ratio (DPR) is 27.39%.

Microsoft announced that its board has approved a stock buyback program on Monday, September 16th that permits the company to repurchase $60.00 billion in shares. This repurchase authorization permits the software giant to repurchase up to 1.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Insider Transactions at Microsoft

In other Microsoft news, CEO Satya Nadella sold 78,353 shares of Microsoft stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total value of $32,017,386.39. Following the completion of the sale, the chief executive officer now directly owns 864,327 shares of the company’s stock, valued at approximately $353,189,942.01. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Microsoft news, insider Bradford L. Smith sold 40,000 shares of Microsoft stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $402.59, for a total value of $16,103,600.00. Following the completion of the sale, the insider now directly owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Satya Nadella sold 78,353 shares of Microsoft stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the completion of the sale, the chief executive officer now directly owns 864,327 shares of the company’s stock, valued at $353,189,942.01. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 197,829 shares of company stock valued at $80,966,837 in the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Microsoft 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.