CreativeOne Wealth LLC Has $41.12 Million Stake in Microsoft Co. (NASDAQ:MSFT)

CreativeOne Wealth LLC lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 41.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,565 shares of the software giant’s stock after purchasing an additional 28,240 shares during the period. Microsoft makes up about 1.4% of CreativeOne Wealth LLC’s investment portfolio, making the stock its 11th biggest position. CreativeOne Wealth LLC’s holdings in Microsoft were worth $41,121,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its stake in Microsoft by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant’s stock valued at $20,322,513,000 after purchasing an additional 652,493 shares in the last quarter. International Assets Investment Management LLC increased 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 purchasing an additional 38,422,466 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Microsoft by 0.3% in the second 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. Fisher Asset Management LLC increased its stake in Microsoft by 2.3% in the third quarter. Fisher Asset Management LLC now owns 27,904,450 shares of the software giant’s stock valued at $12,007,285,000 after purchasing an additional 636,713 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Microsoft by 6.9% in the second 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 in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Performance

Shares of MSFT stock opened at $415.06 on Monday. The company has a fifty day moving average price of $432.53 and a two-hundred day moving average price of $424.61. 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 stock has a market cap of $3.09 trillion, a P/E ratio of 33.42, a P/E/G ratio of 2.38 and a beta of 0.90. Microsoft Co. has a one year low of $385.58 and a one year high of $468.35.

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

Microsoft Dividend Announcement

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

Insiders Place Their Bets

In other Microsoft news, 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 owns 57,511 shares in the company, valued at $23,850,961.92. The trade was a 1.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the completion of the sale, 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 sold 41,200 shares of company stock worth $17,383,892 in the last quarter. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research report on Thursday. 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 increased their price objective on shares of Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Morgan Stanley lowered their price objective on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Loop Capital increased their price objective on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $510.96.

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.