Microsoft Co. (NASDAQ:MSFT) Stock Position Increased by Ted Buchan & Co

Ted Buchan & Co boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 13.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,752 shares of the software giant's stock after purchasing an additional 781 shares during the period. Microsoft makes up approximately 1.3% of Ted Buchan & Co's holdings, making the stock its 21st biggest position. Ted Buchan & Co's holdings in Microsoft were worth $2,846,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Fiduciary Advisors Inc. acquired a new position in shares of Microsoft in the 4th quarter valued at $38,000. IFS Advisors LLC increased its holdings in shares of Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after buying an additional 35 shares in the last quarter. Avondale Wealth Management raised its stake in shares of Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after acquiring an additional 65 shares during the last quarter. Fairway Wealth LLC bought a new position in shares of Microsoft in the fourth quarter valued at approximately $62,000. Finally, Sellwood Investment Partners LLC bought a new position in shares of Microsoft in the fourth quarter valued at approximately $120,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MSFT has been the subject of a number of research reports. Raymond James raised their price target on shares of Microsoft from $480.00 to $490.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Scotiabank raised their target price on shares of Microsoft from $470.00 to $500.00 and gave the company a "sector outperform" rating in a research note on Thursday, May 1st. KeyCorp reaffirmed a "sector weight" rating on shares of Microsoft in a research note on Thursday, April 17th. Benchmark reaffirmed a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Finally, Piper Sandler reaffirmed an "overweight" rating on shares of Microsoft in a research note on Wednesday, May 21st. Four research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $513.89.

Microsoft Stock Performance

Microsoft stock traded up $6.25 during midday trading on Thursday, hitting $478.87. 18,905,074 shares of the company were exchanged, compared to its average volume of 21,503,895. The firm has a market capitalization of $3.56 trillion, a PE ratio of 38.56, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $480.37. The business has a fifty day simple moving average of $423.22 and a two-hundred day simple moving average of $417.84. 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 - Get Free Report) last released its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The business had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter last year, the business posted $2.94 earnings per share. The business's quarterly revenue was up 13.3% compared to the same quarter last year. On average, sell-side analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is 25.66%.

Insider Activity

In related news, EVP Takeshi Numoto sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total value of $1,389,000.00. Following the sale, the executive vice president now owns 43,930 shares in the company, valued at $20,339,590. This represents a 6.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Bradford L. Smith sold 6,000 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the sale, the insider now owns 471,036 shares in the company, valued at $204,038,664.12. This trade represents a 1.26% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 135,743 shares of company stock valued at $60,224,683. Insiders own 0.03% of the company's stock.

About Microsoft

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.