Stonebrook Private Inc. Has $17.11 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Stonebrook Private Inc. reduced its position in Microsoft Co. (NASDAQ:MSFT) by 0.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,758 shares of the software giant’s stock after selling 35 shares during the quarter. Microsoft makes up about 4.5% of Stonebrook Private Inc.’s portfolio, making the stock its 3rd largest position. Stonebrook Private Inc.’s holdings in Microsoft were worth $17,108,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Christopher J. Hasenberg Inc grew its holdings in Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after purchasing an additional 25 shares during the period. Quarry LP acquired a new position in shares of Microsoft during the second quarter worth approximately $45,000. MidAtlantic Capital Management Inc. bought a new position in shares of Microsoft in the 3rd quarter worth $62,000. Innealta Capital LLC acquired a new stake in Microsoft in the 2nd quarter valued at $75,000. Finally, Carolina Wealth Advisors LLC increased its stake in Microsoft by 10.1% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after purchasing an additional 31 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Down 1.1 %

Microsoft stock opened at $442.33 on Thursday. The firm has a 50 day simple moving average of $432.01 and a 200 day simple moving average of $425.03. The firm 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. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. Microsoft Co. has a 1-year low of $385.58 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. During the same quarter last year, the company posted $2.93 earnings per share. On average, analysts predict that Microsoft Co. will post 12.9 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.75%. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

Insider Transactions at Microsoft

In other news, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total transaction of $414,720.00. Following the transaction, 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 90 days, insiders sold 41,200 shares of company stock valued at $17,383,892. 0.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MSFT has been the subject of a number of analyst reports. Citigroup reduced their price objective on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. KeyCorp upped their price target on Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Microsoft in a report on Friday, October 18th. JPMorgan Chase & Co. cut their price target on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Finally, Truist Financial reiterated a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research note on Monday, October 28th. Three 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, Microsoft has a consensus rating of “Moderate Buy” and an average target price of $512.66.

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.