Raab & Moskowitz Asset Management LLC Grows Stock Position in Microsoft Co. (NASDAQ:MSFT)

Raab & Moskowitz Asset Management LLC grew its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 34,121 shares of the software giant’s stock after buying an additional 168 shares during the quarter. Microsoft comprises about 3.7% of Raab & Moskowitz Asset Management LLC’s investment portfolio, making the stock its 4th largest position. Raab & Moskowitz Asset Management LLC’s holdings in Microsoft were worth $14,682,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Christopher J. Hasenberg Inc lifted its holdings in Microsoft by 35.7% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after buying an additional 25 shares during the last quarter. Quarry LP bought a new position in Microsoft during the 2nd quarter worth approximately $45,000. MidAtlantic Capital Management Inc. bought a new position in Microsoft during the 3rd quarter worth approximately $62,000. Carolina Wealth Advisors LLC lifted its holdings in Microsoft by 10.1% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after buying an additional 31 shares during the last quarter. Finally, MayTech Global Investments LLC bought a new position in Microsoft during the 2nd quarter worth approximately $200,000. Institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. UBS Group cut their price target on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Wedbush reissued an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a report on Tuesday, November 19th. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a report on Thursday, January 30th. Loop Capital raised their price target on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Finally, DA Davidson reissued a “neutral” rating and issued a $425.00 price target on shares of Microsoft in a report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $510.96.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $409.75 on Monday. 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 stock has a market capitalization of $3.05 trillion, a price-to-earnings ratio of 32.99, a PEG ratio of 2.21 and a beta of 0.90. The stock’s fifty day simple moving average is $431.44 and its 200 day simple moving average is $423.56. Microsoft Co. has a 52-week low of $385.58 and a 52-week high of $468.35.

Microsoft (NASDAQ:MSFT) last issued 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 return on equity of 33.36% and a net margin of 35.43%. During the same period in the previous year, the business posted $2.93 EPS. As a group, sell-side analysts forecast that Microsoft Co. will post 13.07 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Thursday, February 20th. Microsoft’s payout ratio is 26.73%.

Insider Transactions at Microsoft

In other news, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction 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 sale, the executive vice president now owns 103,366 shares of the company’s stock, valued at $43,792,039.56. This trade represents a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CMO Takeshi Numoto sold 1,000 shares of the firm’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 completion of the sale, the chief marketing officer now directly owns 57,511 shares of the company’s stock, valued at approximately $23,850,961.92. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock valued at $17,383,892 over the last quarter. 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.