Valtinson Bruner Financial Planning LLC Grows Position in Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Oct 28th, 2023

Valtinson Bruner Financial Planning LLC lifted its stake in Microsoft Co. (NASDAQ:MSFT – Free Report) by 3.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,697 shares of the software giant’s stock after buying an additional 139 shares during the quarter. Valtinson Bruner Financial Planning LLC’s holdings in Microsoft were worth $1,600,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Monumental Financial Group Inc. purchased a new stake in Microsoft during the first quarter valued at $28,000. Gleason Group Inc. raised its stake in shares of Microsoft by 111.7% in the first quarter. Gleason Group Inc. now owns 199 shares of the software giant’s stock valued at $57,000 after acquiring an additional 105 shares during the period. Syverson Strege & Co raised its stake in shares of Microsoft by 157.0% in the first quarter. Syverson Strege & Co now owns 203 shares of the software giant’s stock valued at $58,000 after acquiring an additional 124 shares during the period. MayTech Global Investments LLC purchased a new stake in shares of Microsoft in the fourth quarter valued at $83,000. Finally, Beutel Goodman & Co Ltd. raised its stake in shares of Microsoft by 57.5% in the third quarter. Beutel Goodman & Co Ltd. now owns 411 shares of the software giant’s stock valued at $95,000 after acquiring an additional 150 shares during the period. Hedge funds and other institutional investors own 69.20% of the company’s stock.

Microsoft Stock Up 0.6 %

MSFT stock opened at $329.81 on Friday. The firm has a 50 day moving average of $326.41 and a 200 day moving average of $324.11. The stock has a market capitalization of $2.45 trillion, a PE ratio of 31.93, a price-to-earnings-growth ratio of 2.40 and a beta of 0.91. The company has a quick ratio of 1.75, a current ratio of 1.66 and a debt-to-equity ratio of 0.19. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $366.78.

Microsoft (NASDAQ:MSFT – Get Free Report) last released its earnings results on Tuesday, October 24th. The software giant reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.34. The company had revenue of $56.52 billion during the quarter, compared to analysts’ expectations of $54.52 billion. Microsoft had a net margin of 35.31% and a return on equity of 38.79%. Microsoft’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period last year, the business earned $2.35 EPS. Sell-side analysts forecast that Microsoft Co. will post 11.02 earnings per share for the current year.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be paid a $0.75 dividend. The ex-dividend date is Wednesday, November 15th. This is a boost from Microsoft’s previous quarterly dividend of $0.68. This represents a $3.00 dividend on an annualized basis and a yield of 0.91%. Microsoft’s dividend payout ratio (DPR) is 26.33%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MSFT. UBS Group raised shares of Microsoft from a “neutral” rating to a “buy” rating and increased their target price for the company from $345.00 to $400.00 in a research note on Friday, July 14th. Fundamental Research set a $298.10 target price on shares of Microsoft and gave the company a “hold” rating in a research note on Wednesday, August 9th. Barclays cut their price target on shares of Microsoft from $425.00 to $421.00 and set an “overweight” rating on the stock in a report on Wednesday. Bank of America upped their price target on shares of Microsoft from $340.00 to $405.00 and gave the stock a “buy” rating in a report on Wednesday, July 19th. Finally, KeyCorp upped their price target on shares of Microsoft from $340.00 to $400.00 in a report on Tuesday, July 18th. Four analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $384.34.

Read Our Latest Stock Report on Microsoft

Insider Buying and Selling

In other Microsoft news, CEO Satya Nadella sold 38,234 shares of Microsoft stock in a transaction that occurred on Friday, September 1st. The shares were 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 directly owns 800,668 shares in the company, valued at approximately $262,963,391.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Microsoft news, CEO Satya Nadella sold 38,234 shares of Microsoft stock in a transaction that occurred on Friday, September 1st. The shares were 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 directly owns 800,668 shares in the company, valued at approximately $262,963,391.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 sale, the insider now owns 588,084 shares of the company’s stock, valued at $198,301,924.80. The disclosure for this sale can be found here. Insiders sold 115,049 shares of company stock worth $38,195,619 in the last three months. Corporate insiders own 0.03% of the company’s stock.

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.