BBR Partners LLC Has $34.48 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

BBR Partners LLC reduced its position in Microsoft Co. (NASDAQ:MSFT) by 8.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,147 shares of the software giant’s stock after selling 7,329 shares during the quarter. Microsoft accounts for approximately 2.8% of BBR Partners LLC’s investment portfolio, making the stock its 6th largest holding. BBR Partners LLC’s holdings in Microsoft were worth $34,481,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Peterson Wealth Management raised its holdings in shares of Microsoft by 12.3% in the second quarter. Peterson Wealth Management now owns 11,309 shares of the software giant’s stock valued at $5,055,000 after acquiring an additional 1,239 shares in the last quarter. Sterling Investment Advisors Ltd. raised its holdings in shares of Microsoft by 1.7% in the second quarter. Sterling Investment Advisors Ltd. now owns 21,839 shares of the software giant’s stock valued at $9,761,000 after acquiring an additional 370 shares in the last quarter. Waverton Investment Management Ltd raised its holdings in shares of Microsoft by 7.7% in the second quarter. Waverton Investment Management Ltd now owns 897,362 shares of the software giant’s stock valued at $400,941,000 after acquiring an additional 64,195 shares in the last quarter. Hill Investment Group Partners LLC raised its holdings in shares of Microsoft by 1.3% in the second quarter. Hill Investment Group Partners LLC now owns 4,223 shares of the software giant’s stock valued at $1,879,000 after acquiring an additional 54 shares in the last quarter. Finally, Bordeaux Wealth Advisors LLC raised its holdings in Microsoft by 70.4% in the second quarter. Bordeaux Wealth Advisors LLC now owns 55,412 shares of the software giant’s stock worth $24,766,000 after purchasing an additional 22,901 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Bradford L. Smith sold 40,000 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the transaction, the insider now owns 544,847 shares in the company, valued at $219,349,953.73. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Bradford L. Smith sold 40,000 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the transaction, the insider now owns 544,847 shares in the company, valued at $219,349,953.73. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total value of $1,027,600.00. Following the transaction, the chief marketing officer now owns 50,000 shares in the company, valued at $20,552,000. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 190,629 shares of company stock worth $77,916,485 in the last quarter. Corporate insiders own 0.03% of the company’s stock.

Microsoft Trading Up 0.3 %

Microsoft stock opened at $418.16 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. Microsoft Co. has a 12 month low of $324.39 and a 12 month high of $468.35. The stock’s 50 day simple moving average is $419.66 and its two-hundred day simple moving average is $424.51. The firm has a market cap of $3.11 trillion, a PE ratio of 36.20, a P/E/G ratio of 2.22 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping the consensus estimate of $2.90 by $0.05. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The business had revenue of $64.73 billion for the quarter, compared to analyst estimates of $64.38 billion. During the same quarter in the prior year, the firm posted $2.69 EPS. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. Analysts anticipate that Microsoft Co. will post 13.02 earnings per share for the current year.

Microsoft declared that its board has approved a stock buyback plan on Monday, September 16th that permits the company to repurchase $60.00 billion in shares. This repurchase authorization permits the software giant to purchase up to 1.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Microsoft Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.83 per share. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.79%. Microsoft’s dividend payout ratio (DPR) is 28.74%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Mizuho boosted their target price on shares of Microsoft from $450.00 to $480.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a report on Wednesday, July 31st. Wedbush reiterated an “underperform” rating on shares of Microsoft in a report on Friday. DA Davidson downgraded shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price for the company. in a report on Monday, September 23rd. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $506.00 target price on shares of Microsoft in a report on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $495.68.

About Microsoft

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.