MY Purposeful Wealth CORP. purchased a new position in Microsoft Co. (NASDAQ:MSFT - Get Rating) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,248 shares of the software giant's stock, valued at approximately $299,000.
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Several other hedge funds and other institutional investors have also added to or reduced their stakes in MSFT. Sentinel Pension Advisors Inc. raised its position in Microsoft by 1.1% during the fourth quarter. Sentinel Pension Advisors Inc. now owns 3,746 shares of the software giant's stock valued at $898,000 after acquiring an additional 39 shares in the last quarter. Lokken Investment Group LLC increased its position in shares of Microsoft by 0.3% in the second quarter. Lokken Investment Group LLC now owns 11,976 shares of the software giant's stock valued at $3,076,000 after buying an additional 41 shares in the last quarter. Denver Wealth Management Inc. increased its position in shares of Microsoft by 3.1% in the fourth quarter. Denver Wealth Management Inc. now owns 1,348 shares of the software giant's stock valued at $323,000 after buying an additional 41 shares in the last quarter. Daniels&Tansey LLP increased its position in shares of Microsoft by 2.8% in the fourth quarter. Daniels&Tansey LLP now owns 1,488 shares of the software giant's stock valued at $357,000 after buying an additional 41 shares in the last quarter. Finally, Wellspring Financial Advisors LLC increased its position in shares of Microsoft by 0.5% in the first quarter. Wellspring Financial Advisors LLC now owns 8,536 shares of the software giant's stock valued at $2,632,000 after buying an additional 42 shares in the last quarter. 69.15% of the stock is currently owned by institutional investors.
Microsoft Price Performance
Shares of NASDAQ MSFT opened at $325.26 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.88 and a current ratio of 1.91. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $338.56. The firm has a market capitalization of $2.42 trillion, a PE ratio of 35.24, a price-to-earnings-growth ratio of 2.96 and a beta of 0.93. The stock's 50-day simple moving average is $306.05 and its 200-day simple moving average is $270.35.
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Microsoft (NASDAQ:MSFT - Get Rating) last released its quarterly earnings results on Tuesday, April 25th. The software giant reported $2.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.22 by $0.23. The firm had revenue of $52.86 billion for the quarter, compared to the consensus estimate of $51.01 billion. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. The firm's quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.22 EPS. As a group, equities research analysts forecast that Microsoft Co. will post 9.66 EPS for the current fiscal year.
Microsoft Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, June 8th. Investors of record on Thursday, May 18th were paid a dividend of $0.68 per share. The ex-dividend date was Wednesday, May 17th. This represents a $2.72 dividend on an annualized basis and a yield of 0.84%. Microsoft's dividend payout ratio is presently 29.47%.
Insider Buying and Selling
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In related news, Director Teri List sold 1,250 shares of the firm's stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $334.77, for a total transaction of $418,462.50. Following the transaction, the director now owns 874 shares in the company, valued at approximately $292,588.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $316.87, for a total value of $1,584,350.00. Following the transaction, the chief marketing officer now directly owns 89,328 shares in the company, valued at approximately $28,305,363.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Teri List sold 1,250 shares of Microsoft stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $334.77, for a total value of $418,462.50. Following the completion of the sale, the director now owns 874 shares in the company, valued at $292,588.98. The disclosure for this sale can be found here. Insiders have sold 51,331 shares of company stock worth $15,867,278 in the last quarter. 0.03% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
MSFT has been the subject of a number of recent analyst reports. UBS Group boosted their price objective on Microsoft from $275.00 to $300.00 and gave the company a "neutral" rating in a research report on Wednesday, April 26th. Citigroup lifted their price target on Microsoft from $332.00 to $340.00 in a research note on Wednesday, April 26th. 888 reaffirmed a "maintains" rating on shares of Microsoft in a research note on Wednesday, April 26th. Credit Suisse Group lifted their price target on Microsoft from $350.00 to $420.00 in a research note on Wednesday, May 31st. Finally, Fundamental Research lowered Microsoft from a "buy" rating to a "hold" rating in a research note on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirty-two have issued a buy rating to the company. According to data from MarketBeat.com, Microsoft presently has a consensus rating of "Moderate Buy" and an average price target of $330.72.
Microsoft Company Profile
Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.
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Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT - Get Rating).
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