Lawson Kroeker Investment Management Inc. NE Sells 585 Shares of Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Oct 25th, 2023

Lawson Kroeker Investment Management Inc. NE reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 1.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,026 shares of the software giant’s stock after selling 585 shares during the period. Microsoft accounts for about 3.8% of Lawson Kroeker Investment Management Inc. NE’s portfolio, making the stock its 3rd largest holding. Lawson Kroeker Investment Management Inc. NE’s holdings in Microsoft were worth $15,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Good Life Advisors LLC grew its holdings in shares of Microsoft by 0.6% in the second quarter. Good Life Advisors LLC now owns 54,021 shares of the software giant’s stock valued at $18,396,000 after purchasing an additional 311 shares in the last quarter. Carr Financial Group Corp grew its holdings in shares of Microsoft by 4.0% during the second quarter. Carr Financial Group Corp now owns 10,761 shares of the software giant’s stock worth $3,665,000 after purchasing an additional 417 shares during the last quarter. Planning Center Inc. raised its holdings in shares of Microsoft by 24.4% in the second quarter. Planning Center Inc. now owns 4,849 shares of the software giant’s stock valued at $1,651,000 after buying an additional 950 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings in shares of Microsoft by 6.6% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 1,518,749 shares of the software giant’s stock valued at $437,855,000 after purchasing an additional 94,563 shares during the period. Finally, DAVENPORT & Co LLC boosted its holdings in shares of Microsoft by 1.0% in the second quarter. DAVENPORT & Co LLC now owns 868,980 shares of the software giant’s stock valued at $295,161,000 after acquiring an additional 8,762 shares in the last quarter. 69.20% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $330.53 on Wednesday. The business’s fifty day moving average price is $325.78 and its two-hundred day moving average price is $323.97. The firm has a market capitalization of $2.46 trillion, a PE ratio of 34.11, a P/E/G ratio of 2.41 and a beta of 0.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.77 and a quick ratio of 1.75. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $366.78.

Microsoft (NASDAQ:MSFT – Get Free Report) last released its quarterly earnings data on Tuesday, October 24th. The software giant reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.34. Microsoft had a return on equity of 38.70% and a net margin of 34.15%. The business had revenue of $56.52 billion during the quarter, compared to analyst estimates of $54.52 billion. During the same period last year, the company posted $2.35 EPS. The company’s revenue was up 12.8% compared to the same quarter last year. On average, research analysts expect that Microsoft Co. will post 10.9 EPS for the current year.

Microsoft Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Wednesday, November 15th. This is a boost from Microsoft’s previous quarterly dividend of $0.68. Microsoft’s payout ratio is 28.07%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Loop Capital assumed coverage on Microsoft in a report on Tuesday, October 17th. They issued a “buy” rating and a $425.00 price target for the company. Wells Fargo & Company restated an “overweight” rating and issued a $400.00 price target on shares of Microsoft in a report on Monday, October 2nd. Wedbush restated an “outperform” rating and issued a $400.00 price target on shares of Microsoft in a report on Thursday, September 21st. StockNews.com began coverage on shares of Microsoft in a research report on Thursday, October 5th. They issued a “buy” rating on the stock. Finally, KeyCorp raised their target price on shares of Microsoft from $340.00 to $400.00 in a report on Tuesday, July 18th. Five analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the company’s stock. According to MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and a consensus price target of $378.11.

View Our Latest Analysis on Microsoft

Insider Buying and Selling at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 50,000 shares of Microsoft stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the completion of the sale, the insider now owns 588,084 shares of the company’s stock, valued at approximately $198,301,924.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Microsoft news, CEO Satya Nadella sold 38,234 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $328.43, for a total transaction of $12,557,192.62. Following the completion of the sale, the chief executive officer now owns 800,668 shares of the company’s stock, valued at $262,963,391.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bradford L. Smith sold 50,000 shares of Microsoft stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the completion of the transaction, the insider now directly owns 588,084 shares in the company, valued at approximately $198,301,924.80. The disclosure for this sale can be found here. Insiders have sold a total of 115,049 shares of company stock valued at $38,195,619 in the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Profile

(Free Report)

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.