Drucker Wealth 3.0 LLC Makes New Investment in Microsoft Co. (NASDAQ:MSFT)

Drucker Wealth 3.0 LLC acquired a new stake in Microsoft Co. (NASDAQ:MSFT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 20,137 shares of the software giant’s stock, valued at approximately $9,000,000. Microsoft accounts for about 2.4% of Drucker Wealth 3.0 LLC’s holdings, making the stock its 9th biggest position.

A number of other hedge funds have also recently modified their holdings of the stock. Christopher J. Hasenberg Inc raised 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 valued at $31,000 after acquiring an additional 44 shares during the last quarter. Innealta Capital LLC acquired a new position in Microsoft in the 2nd quarter valued at $75,000. Bellevue Group AG lifted its holdings in Microsoft by 47.5% in the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after purchasing an additional 58 shares in the last quarter. Bbjs Financial Advisors LLC boosted its stake in Microsoft by 241.4% during the 2nd quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock worth $169,000 after purchasing an additional 268 shares during the last quarter. Finally, MayTech Global Investments LLC purchased a new stake in shares of Microsoft during the second quarter worth $200,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Trading Down 1.1 %

Shares of NASDAQ:MSFT opened at $418.01 on Tuesday. Microsoft Co. has a fifty-two week low of $362.90 and a fifty-two week high of $468.35. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The company has a market cap of $3.11 trillion, a PE ratio of 34.49, a P/E/G ratio of 2.24 and a beta of 0.91. The company’s 50-day moving average price is $421.09 and its 200 day moving average price is $425.19.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. The company had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the company earned $2.99 earnings per share. Sell-side analysts anticipate that Microsoft Co. will post 12.94 earnings per share for the current year.

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

Microsoft Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a $0.83 dividend. The ex-dividend date is Thursday, November 21st. This is a boost from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a yield of 0.79%. Microsoft’s payout ratio is 27.39%.

Insider Buying and Selling

In other news, insider Bradford L. Smith sold 40,000 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now directly owns 544,847 shares of the company’s stock, valued at $219,349,953.73. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Kathleen T. Hogan sold 17,378 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $411.85, for a total value of $7,157,129.30. Following the completion of the sale, the executive vice president now owns 150,161 shares of the company’s stock, valued at approximately $61,843,807.85. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Bradford L. Smith sold 40,000 shares of the stock in a transaction 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 approximately $219,349,953.73. 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 ninety days. 0.03% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MSFT shares. Citigroup decreased their target price on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Truist Financial reissued a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research note on Monday, October 28th. JPMorgan Chase & Co. cut their target price on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Mizuho boosted their price target on shares of Microsoft from $450.00 to $480.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Finally, Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $503.03.

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.