Microsoft Co. (NASDAQ:MSFT) is Strait & Sound Wealth Management LLC’s 3rd Largest Position

Strait & Sound Wealth Management LLC lifted its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 32,394 shares of the software giant’s stock after purchasing an additional 226 shares during the period. Microsoft makes up approximately 6.8% of Strait & Sound Wealth Management LLC’s holdings, making the stock its 3rd largest holding. Strait & Sound Wealth Management LLC’s holdings in Microsoft were worth $13,939,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in shares of Microsoft by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock valued at $70,790,682,000 after acquiring an additional 3,264,648 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Microsoft by 4.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant’s stock valued at $23,490,417,000 after purchasing an additional 2,125,030 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Microsoft by 1.4% in the 3rd 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 buying an additional 652,493 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Microsoft by 48,526.1% during the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock worth $16,567,258,000 after buying an additional 38,422,466 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Microsoft by 0.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant’s stock valued at $15,426,767,000 after buying an additional 97,075 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction that occurred on 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 transaction, the executive vice president now owns 117,294 shares of the company’s stock, valued at $48,911,598. The trade was a 17.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction that occurred on 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 directly owns 57,511 shares of the company’s stock, valued at $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 have sold 34,000 shares of company stock worth $14,333,540 in the last ninety days. 0.03% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MSFT. Truist Financial reiterated a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research report on Monday, October 28th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a report on Thursday, January 30th. BMO Capital Markets lowered their target price on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. TD Cowen reduced their price target on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, Sanford C. Bernstein lowered their price objective on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Three research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $510.96.

Microsoft Stock Down 0.2 %

Microsoft stock opened at $411.44 on Wednesday. The stock has a market cap of $3.06 trillion, a PE ratio of 33.13, a P/E/G ratio of 2.21 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The stock’s fifty day moving average is $431.07 and its two-hundred day moving average is $423.29. Microsoft Co. has a 1-year low of $385.58 and a 1-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 for the quarter, topping the consensus estimate 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 quarter in the previous year, the business earned $2.93 earnings per share. On average, sell-side analysts expect that Microsoft Co. will post 13.07 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently announced 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. This represents a $3.32 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Thursday, February 20th. Microsoft’s payout ratio is 26.73%.

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.