Hollow Brook Wealth Management LLC Purchases 1,136 Shares of Microsoft Co. (NASDAQ:MSFT)

Hollow Brook Wealth Management LLC grew its position in Microsoft Co. (NASDAQ:MSFT) by 3.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,283 shares of the software giant’s stock after buying an additional 1,136 shares during the quarter. Microsoft accounts for 4.8% of Hollow Brook Wealth Management LLC’s holdings, making the stock its 3rd largest holding. Hollow Brook Wealth Management LLC’s holdings in Microsoft were worth $16,043,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Net Worth Advisory Group acquired a new stake in shares of Microsoft during the third quarter worth about $2,645,000. Oak Ridge Investments LLC increased its stake in Microsoft by 7.6% during the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after buying an additional 18,544 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Microsoft by 1.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock worth $882,816,000 after buying an additional 31,401 shares in the last quarter. Jacobs & Co. CA boosted its position in Microsoft by 0.9% in the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock valued at $41,318,000 after buying an additional 880 shares during the period. Finally, Focus Financial Network Inc. grew its stake in shares of Microsoft by 2.0% in the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after acquiring an additional 1,489 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Morgan Stanley reduced their price objective on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Wedbush reiterated an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a research note on Tuesday, November 19th. DA Davidson restated a “neutral” rating and set a $425.00 target price on shares of Microsoft in a research note on Thursday, January 30th. Piper Sandler reiterated an “overweight” rating and issued a $520.00 price target on shares of Microsoft in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $510.96.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $415.82 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $431.86 and a 200 day moving average price of $423.85. Microsoft Co. has a 52 week low of $385.58 and a 52 week high of $468.35. The company has a market cap of $3.09 trillion, a P/E ratio of 33.48, a PEG ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period in the prior year, the firm earned $2.93 EPS. Research analysts predict that Microsoft Co. will post 13.03 earnings per share for the current year.

Microsoft Announces Dividend

The business 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 $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.80%. Microsoft’s dividend payout ratio is presently 26.73%.

Insider Activity at Microsoft

In related news, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the transaction, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at $43,792,039.56. This trade represents a 6.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction 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 owns 57,511 shares in the company, valued at approximately $23,850,961.92. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock worth $17,383,892 over the last 90 days. Company insiders own 0.03% of the company’s stock.

Microsoft 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.