Microsoft Corporation $MSFT Stake Boosted by Kelleher Financial Advisors

Kelleher Financial Advisors raised its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 4.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,461 shares of the software giant’s stock after buying an additional 1,564 shares during the quarter. Microsoft accounts for 6.8% of Kelleher Financial Advisors’ portfolio, making the stock its 3rd largest position. Kelleher Financial Advisors’ holdings in Microsoft were worth $19,629,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in MSFT. Real Talk Capital LLC lifted its position in shares of Microsoft by 1.6% in the first quarter. Real Talk Capital LLC now owns 2,290 shares of the software giant’s stock worth $860,000 after purchasing an additional 37 shares in the last quarter. Bank Pictet & Cie Europe AG increased its stake in Microsoft by 3.8% in the 2nd quarter. Bank Pictet & Cie Europe AG now owns 922,524 shares of the software giant’s stock valued at $457,119,000 after buying an additional 33,382 shares during the period. Modern Wealth Management LLC increased its stake in Microsoft by 39.3% in the 1st quarter. Modern Wealth Management LLC now owns 144,852 shares of the software giant’s stock valued at $54,376,000 after buying an additional 40,860 shares during the period. Well Done LLC lifted its position in Microsoft by 8.9% in the 2nd quarter. Well Done LLC now owns 9,911 shares of the software giant’s stock worth $4,930,000 after buying an additional 814 shares in the last quarter. Finally, Lantz Financial LLC boosted its stake in shares of Microsoft by 2.5% during the 2nd quarter. Lantz Financial LLC now owns 24,210 shares of the software giant’s stock valued at $12,042,000 after buying an additional 580 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Bradford L. Smith sold 38,500 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $518.64, for a total transaction of $19,967,640.00. Following the transaction, the insider owned 461,597 shares of the company’s stock, valued at approximately $239,402,668.08. The trade was a 7.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Takeshi Numoto sold 2,850 shares of the stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $478.72, for a total transaction of $1,364,352.00. Following the completion of the sale, the executive vice president directly owned 55,782 shares of the company’s stock, valued at approximately $26,703,959.04. This trade represents a 4.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 54,100 shares of company stock valued at $27,598,872. 0.03% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. TD Cowen upped their price target on shares of Microsoft from $640.00 to $655.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Daiwa Capital Markets dropped their target price on Microsoft from $640.00 to $630.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Microsoft in a report on Wednesday, October 8th. Jefferies Financial Group reissued a “buy” rating and issued a $675.00 price target on shares of Microsoft in a research note on Wednesday. Finally, Citigroup raised their price objective on shares of Microsoft from $682.00 to $690.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $634.33.

Microsoft Trading Up 0.5%

Shares of NASDAQ:MSFT opened at $483.16 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.39 and a current ratio of 1.40. The stock’s 50-day moving average is $507.29 and its 200-day moving average is $500.95. The company has a market cap of $3.59 trillion, a P/E ratio of 34.36, a P/E/G ratio of 1.80 and a beta of 1.07. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $555.45.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, October 29th. The software giant reported $4.13 earnings per share for the quarter, beating the consensus estimate of $3.65 by $0.48. The firm had revenue of $77.67 billion during the quarter, compared to the consensus estimate of $75.49 billion. Microsoft had a return on equity of 32.45% and a net margin of 35.71%.The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.30 EPS. Equities research analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th will be paid a $0.91 dividend. The ex-dividend date is Thursday, February 19th. This represents a $3.64 annualized dividend and a dividend yield of 0.8%. Microsoft’s dividend payout ratio (DPR) is presently 25.89%.

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.