Microsoft Co. (NASDAQ:MSFT) is Osher Van de Voorde Investment Management’s 7th Largest Position

Posted by Defense World Staff on Oct 26th, 2023

Osher Van de Voorde Investment Management lessened its position in Microsoft Co. (NASDAQ:MSFT – Free Report) by 8.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,820 shares of the software giant’s stock after selling 4,690 shares during the quarter. Microsoft comprises 4.6% of Osher Van de Voorde Investment Management’s holdings, making the stock its 7th largest position. Osher Van de Voorde Investment Management’s holdings in Microsoft were worth $17,987,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MSFT. Good Life Advisors LLC boosted its holdings in shares of Microsoft by 0.6% during the 2nd quarter. Good Life Advisors LLC now owns 54,021 shares of the software giant’s stock worth $18,396,000 after purchasing an additional 311 shares during the last quarter. Carr Financial Group Corp lifted its position in 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 buying an additional 417 shares in the last quarter. Planning Center Inc. boosted its stake in Microsoft by 24.4% during the second quarter. Planning Center Inc. now owns 4,849 shares of the software giant’s stock worth $1,651,000 after buying an additional 950 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its holdings in Microsoft by 6.6% in the 1st 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 buying an additional 94,563 shares in the last quarter. Finally, DAVENPORT & Co LLC increased its stake in shares of Microsoft by 1.0% in the 2nd quarter. DAVENPORT & Co LLC now owns 868,980 shares of the software giant’s stock worth $295,161,000 after acquiring an additional 8,762 shares during the last quarter. 69.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MSFT shares. Mizuho upped their price objective on shares of Microsoft from $360.00 to $390.00 and gave the company a “buy” rating in a report on Monday, July 17th. The Goldman Sachs Group raised their price target on shares of Microsoft from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday. Argus upped their price objective on Microsoft from $371.00 to $390.00 and gave the company a “buy” rating in a report on Monday, July 31st. BMO Capital Markets increased their price target on Microsoft from $385.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, July 26th. Finally, HSBC assumed coverage on shares of Microsoft in a research note on Friday, September 15th. They set a “hold” rating and a $347.00 target price for the company. Five analysts have rated the stock with a hold rating and thirty-five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $379.93.

Read Our Latest Report on MSFT

Insider Transactions at Microsoft

In related news, insider Bradford L. Smith sold 50,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $337.20, for a total value of $16,860,000.00. Following the transaction, the insider now owns 588,084 shares in the company, valued at approximately $198,301,924.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Bradford L. Smith sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $337.20, for a total value of $16,860,000.00. Following the transaction, the insider now owns 588,084 shares of the company’s stock, valued at $198,301,924.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kathleen T. Hogan sold 26,815 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $327.37, for a total value of $8,778,426.55. Following the sale, the executive vice president now directly owns 198,373 shares of the company’s stock, valued at $64,941,369.01. The disclosure for this sale can be found here. Over the last quarter, insiders sold 115,049 shares of company stock worth $38,195,619. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Up 3.1 %

Microsoft stock opened at $340.67 on Thursday. The stock has a 50-day simple moving average of $326.19 and a 200-day simple moving average of $324.09. The company has a market capitalization of $2.53 trillion, a P/E ratio of 35.16, a PEG ratio of 2.35 and a beta of 0.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.75 and a current ratio of 1.77. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $366.78.

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

Microsoft Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.88%. This is a boost from Microsoft’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft’s dividend payout ratio is presently 30.96%.

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.