RBO & Co. LLC Has $4.23 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

RBO & Co. LLC raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.6% during the third quarter, HoldingsChannel.com reports. The firm owned 9,826 shares of the software giant’s stock after acquiring an additional 156 shares during the quarter. RBO & Co. LLC’s holdings in Microsoft were worth $4,228,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Townsquare Capital LLC lifted its position in Microsoft by 2.6% during the 3rd quarter. Townsquare Capital LLC now owns 460,052 shares of the software giant’s stock valued at $197,960,000 after purchasing an additional 11,574 shares during the period. Baldwin Investment Management LLC raised its position in shares of Microsoft by 2.5% in the 3rd quarter. Baldwin Investment Management LLC now owns 40,829 shares of the software giant’s stock valued at $17,569,000 after acquiring an additional 1,003 shares during the period. Cadence Bank raised its position in shares of Microsoft by 0.9% in the 3rd quarter. Cadence Bank now owns 128,616 shares of the software giant’s stock valued at $55,344,000 after acquiring an additional 1,201 shares during the period. Carlson Capital Management raised its position in shares of Microsoft by 1.2% in the 3rd quarter. Carlson Capital Management now owns 19,611 shares of the software giant’s stock valued at $8,438,000 after acquiring an additional 225 shares during the period. Finally, M.D. Sass LLC raised its position in shares of Microsoft by 18.1% in the 3rd quarter. M.D. Sass LLC now owns 9,788 shares of the software giant’s stock valued at $4,212,000 after acquiring an additional 1,500 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Microsoft

In related 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 $23,850,961.92. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of the company’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 owns 103,366 shares in the company, valued at $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,200 shares of company stock worth $17,383,892. Insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Microsoft stock opened at $415.06 on Monday. Microsoft Co. has a 12-month low of $385.58 and a 12-month high of $468.35. 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 business’s 50-day moving average price is $432.53 and its two-hundred day moving average price is $424.61. The stock has a market cap of $3.09 trillion, a PE ratio of 33.42, a P/E/G 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 (EPS) for the quarter, beating 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 period in the previous year, the firm earned $2.93 EPS. As a group, analysts expect that Microsoft Co. will post 12.89 earnings per share for the current fiscal year.

Microsoft Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently weighed in on MSFT shares. Truist Financial reiterated a “buy” rating and issued a $600.00 price target on shares of Microsoft in a research report on Monday, October 28th. Wells Fargo & Company reiterated a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. StockNews.com upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Piper Sandler restated an “overweight” rating and set a $520.00 target price on shares of Microsoft in a report on Monday, January 27th. Finally, Stifel Nicolaus raised their target price on shares of Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Three analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.