Fiduciary Planning LLC Has $3.24 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Fiduciary Planning LLC decreased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.1% during the 3rd quarter, Holdings Channel reports. The fund owned 7,530 shares of the software giant’s stock after selling 81 shares during the quarter. Microsoft accounts for about 1.1% of Fiduciary Planning LLC’s investment portfolio, making the stock its 20th biggest holding. Fiduciary Planning LLC’s holdings in Microsoft were worth $3,240,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC grew its stake in Microsoft by 48,526.1% in the third quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock valued at $16,567,258,000 after acquiring an additional 38,422,466 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Microsoft by 0.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant’s stock valued at $15,426,767,000 after purchasing an additional 97,075 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Microsoft by 6.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant’s stock valued at $10,768,771,000 after purchasing an additional 1,563,533 shares during the period. Rhumbline Advisers increased its stake in Microsoft by 0.3% during the 2nd quarter. Rhumbline Advisers now owns 14,738,956 shares of the software giant’s stock worth $6,587,576,000 after purchasing an additional 45,220 shares in the last quarter. Finally, Swedbank AB raised its holdings in Microsoft by 0.4% during the 3rd quarter. Swedbank AB now owns 13,689,356 shares of the software giant’s stock worth $5,890,530,000 after buying an additional 49,288 shares during the period. Institutional investors own 71.13% of the company’s stock.

Insider Activity at Microsoft

In related news, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the transaction, the executive vice president now directly owns 103,366 shares in the company, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $414.72, for a total transaction of $414,720.00. Following the completion of the sale, the chief marketing officer now owns 57,511 shares of the company’s stock, valued at approximately $23,850,961.92. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,200 shares of company stock valued at $17,383,892. 0.03% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Truist Financial reissued a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research report on Monday, October 28th. KeyCorp lifted their price target on Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Stifel Nicolaus boosted their price target on Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a report on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a report on Tuesday, November 5th. Finally, Citigroup cut their target price on Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $508.46.

Microsoft Price Performance

Microsoft stock opened at $437.03 on Friday. The stock’s 50 day moving average price is $426.62 and its two-hundred day moving average price is $428.26. The stock has a market capitalization of $3.25 trillion, a price-to-earnings ratio of 36.06, a PEG ratio of 2.38 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. Microsoft Co. has a 52-week low of $366.50 and a 52-week high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating 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 firm had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. During the same quarter in the prior year, the business earned $2.99 earnings per share. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, equities analysts predict that Microsoft Co. will post 12.93 earnings per share for the current year.

Microsoft declared that its board has approved a stock repurchase plan 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 plans are typically an indication that the company’s management believes its shares are undervalued.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.76%. Microsoft’s dividend payout ratio is presently 27.39%.

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.