Boston Family Office LLC Sells 647 Shares of Microsoft Co. (NASDAQ:MSFT)

Boston Family Office LLC decreased its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 134,782 shares of the software giant’s stock after selling 647 shares during the quarter. Microsoft accounts for 3.9% of Boston Family Office LLC’s holdings, making the stock its 2nd largest position. Boston Family Office LLC’s holdings in Microsoft were worth $57,997,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MSFT. Christopher J. Hasenberg Inc lifted its holdings in shares of Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after purchasing an additional 25 shares in the last quarter. Quarry LP acquired a new stake in Microsoft during the 2nd quarter worth about $45,000. MidAtlantic Capital Management Inc. acquired a new position in shares of Microsoft in the 3rd quarter valued at about $62,000. Innealta Capital LLC purchased a new stake in shares of Microsoft in the second quarter worth approximately $75,000. Finally, Carolina Wealth Advisors LLC grew its position in Microsoft by 10.1% during the third 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 own 71.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research report on Thursday. DA Davidson reissued a “neutral” rating and set a $425.00 price objective on shares of Microsoft in a research report on Thursday. Piper Sandler reaffirmed an “overweight” rating and issued a $520.00 target price on shares of Microsoft in a research report on Monday, January 27th. Mizuho reduced their price target on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday. Finally, KeyCorp increased their price objective on Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Three research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $510.96.

Microsoft Price Performance

Shares of Microsoft stock opened at $415.06 on Friday. The firm has a fifty day moving average price of $432.56 and a two-hundred day moving average price of $424.88. Microsoft Co. has a fifty-two week low of $385.58 and a fifty-two week high of $468.35. 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 cap of $3.09 trillion, a PE ratio of 33.42, a price-to-earnings-growth ratio of 2.38 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 34.38% and a net margin of 35.43%. During the same quarter in the prior year, the firm earned $2.93 EPS. Analysts expect that Microsoft Co. will post 12.89 EPS for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.80%. Microsoft’s dividend payout ratio (DPR) is currently 26.73%.

Insiders Place Their Bets

In other news, CMO Takeshi Numoto sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 117,294 shares of the company’s stock, valued at $48,911,598. This trade represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,200 shares of company stock worth $17,383,892 over the last 90 days. Corporate insiders own 0.03% of the company’s stock.

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.