TD Private Client Wealth LLC Purchases 5,192 Shares of Microsoft Co. (NASDAQ:MSFT)

TD Private Client Wealth LLC increased its stake in Microsoft Co. (NASDAQ:MSFT) by 4.3% during the third quarter, Holdings Channel.com reports. The fund owned 124,974 shares of the software giant’s stock after buying an additional 5,192 shares during the period. Microsoft makes up about 1.5% of TD Private Client Wealth LLC’s portfolio, making the stock its 10th biggest position. TD Private Client Wealth LLC’s holdings in Microsoft were worth $53,776,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MSFT. Geode Capital Management LLC increased its holdings in Microsoft by 2.0% in the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock worth $70,790,682,000 after purchasing an additional 3,264,648 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Microsoft by 4.1% during the third 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 acquiring an additional 2,125,030 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Microsoft by 1.4% during 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 acquiring an additional 652,493 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Microsoft by 48,526.1% during 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 acquiring an additional 38,422,466 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Microsoft by 0.3% during 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 buying an additional 97,075 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. UBS Group cut their target price on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. JPMorgan Chase & Co. cut their price objective on Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. KeyCorp increased their price target on Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Truist Financial reissued a “buy” rating and set a $600.00 price objective on shares of Microsoft in a report on Monday, October 28th. Finally, Sanford C. Bernstein lowered their price target on Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $510.96.

Insider Activity at Microsoft

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction 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 completion of the transaction, the executive vice president now owns 117,294 shares in the company, valued at approximately $48,911,598. The trade was a 17.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction 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 transaction, the chief marketing officer now owns 57,511 shares of the company’s stock, valued at $23,850,961.92. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,000 shares of company stock worth $14,333,540 over the last ninety days. 0.03% of the stock is owned by corporate insiders.

Microsoft Price Performance

Shares of MSFT stock opened at $409.04 on Thursday. The firm has a market cap of $3.04 trillion, a P/E ratio of 32.93, a P/E/G ratio of 2.21 and a beta of 0.90. Microsoft Co. has a fifty-two week low of $385.58 and a fifty-two week high of $468.35. The business’s 50 day moving average price is $430.67 and its 200-day moving average price is $423.24. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating 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 last year, the firm earned $2.93 EPS. On average, equities research analysts anticipate that Microsoft Co. will post 13.07 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.81%. Microsoft’s dividend payout ratio is presently 26.73%.

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.