Compagnie Lombard Odier SCmA Grows Stock Position in Microsoft Co. (NASDAQ:MSFT)

Compagnie Lombard Odier SCmA increased its position in Microsoft Co. (NASDAQ:MSFT) by 3.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,381,517 shares of the software giant’s stock after acquiring an additional 49,149 shares during the period. Microsoft comprises about 9.2% of Compagnie Lombard Odier SCmA’s investment portfolio, making the stock its biggest holding. Compagnie Lombard Odier SCmA’s holdings in Microsoft were worth $594,467,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MSFT. Rebalance LLC raised its holdings in shares of Microsoft by 0.7% in the 2nd quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock valued at $1,542,000 after purchasing an additional 24 shares in the last quarter. First National Bank Sioux Falls increased its holdings in Microsoft by 0.4% in the second quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant’s stock valued at $2,834,000 after buying an additional 24 shares during the last quarter. Doheny Asset Management CA raised its stake in Microsoft by 0.4% in the first quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant’s stock valued at $2,691,000 after buying an additional 25 shares in the last quarter. Flagship Private Wealth LLC lifted its holdings in Microsoft by 2.8% during the 2nd quarter. Flagship Private Wealth LLC now owns 913 shares of the software giant’s stock worth $408,000 after buying an additional 25 shares during the last quarter. Finally, Massachusetts Wealth Management boosted its position in shares of Microsoft by 0.3% during the 2nd quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant’s stock worth $4,309,000 after acquiring an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

Microsoft stock opened at $423.46 on Monday. 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 firm has a market capitalization of $3.15 trillion, a PE ratio of 34.94, a P/E/G ratio of 2.25 and a beta of 0.91. The firm’s 50-day simple moving average is $420.84 and its 200 day simple moving average is $426.55. Microsoft Co. has a 52 week low of $362.90 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.20. The firm had revenue of $65.59 billion during the quarter, compared to the consensus estimate 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 in the previous year, the firm posted $2.99 EPS. On average, equities research analysts predict that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.83 per share. This is a boost from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, November 21st. Microsoft’s dividend payout ratio (DPR) is currently 27.39%.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MSFT shares. Sanford C. Bernstein lowered their price target on Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. KeyCorp lifted their price target on shares of Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Citigroup reduced their price target on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. cut their target price on Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Finally, Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a report on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $503.03.

Insider Transactions at Microsoft

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $417.00, for a total value of $10,425,000.00. Following the sale, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. This trade represents a 17.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Amy Hood sold 38,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the transaction, the chief financial officer now directly owns 496,369 shares of the company’s stock, valued at approximately $203,784,292.95. This represents a 7.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 209,431 shares of company stock worth $85,796,688 over the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Company 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.