Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Biltmore Family Office LLC

Biltmore Family Office LLC lifted its stake in Microsoft Co. (NASDAQ:MSFT) by 3.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,406 shares of the software giant’s stock after acquiring an additional 1,025 shares during the period. Microsoft makes up 2.5% of Biltmore Family Office LLC’s portfolio, making the stock its 5th largest holding. Biltmore Family Office LLC’s holdings in Microsoft were worth $14,375,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MSFT. Planning Alternatives Ltd. ADV raised its holdings in Microsoft by 3.0% in the 3rd quarter. Planning Alternatives Ltd. ADV now owns 5,453 shares of the software giant’s stock valued at $2,346,000 after acquiring an additional 159 shares in the last quarter. AlphaCore Capital LLC grew its holdings in shares of Microsoft by 4.5% during the 3rd quarter. AlphaCore Capital LLC now owns 28,119 shares of the software giant’s stock worth $12,099,000 after purchasing an additional 1,205 shares in the last quarter. First County Bank CT increased its position in shares of Microsoft by 6.1% during the third quarter. First County Bank CT now owns 21,351 shares of the software giant’s stock valued at $9,187,000 after purchasing an additional 1,224 shares during the period. Concorde Asset Management LLC lifted its position in Microsoft by 7.2% in the third quarter. Concorde Asset Management LLC now owns 5,358 shares of the software giant’s stock worth $2,306,000 after purchasing an additional 360 shares during the period. Finally, Sei Investments Co. boosted its stake in Microsoft by 1.7% during the third quarter. Sei Investments Co. now owns 5,741,840 shares of the software giant’s stock worth $2,470,709,000 after buying an additional 96,922 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of analyst reports. Wedbush reaffirmed an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a report on Tuesday, November 19th. Mizuho upped their price objective on Microsoft from $480.00 to $510.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. The Goldman Sachs Group dropped their target price on Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Cantor Fitzgerald reiterated an “overweight” rating and set a $509.00 price objective on shares of Microsoft in a research note on Wednesday. Finally, Morgan Stanley cut their price objective on Microsoft from $548.00 to $540.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Three equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $512.66.

Insider Buying and Selling

In other news, EVP Christopher David Young sold 7,200 shares of the 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 completion of the transaction, the executive vice president now directly owns 103,366 shares in the company, valued at $43,792,039.56. This represents a 6.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $414.72, for a total value of $414,720.00. Following the completion of the sale, the chief marketing officer now directly owns 57,511 shares in the company, valued at approximately $23,850,961.92. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Performance

Shares of NASDAQ:MSFT opened at $442.33 on Thursday. The firm’s 50 day simple moving average is $432.01 and its 200 day simple moving average is $425.03. 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 company has a market capitalization of $3.29 trillion, a price-to-earnings ratio of 36.50, a P/E/G ratio of 2.40 and a beta of 0.90. Microsoft Co. has a fifty-two week low of $385.58 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. During the same period last year, the firm posted $2.93 earnings per share. As a group, sell-side analysts forecast that Microsoft Co. will post 12.9 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.75%. Microsoft’s payout ratio is presently 27.39%.

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.