Artemis Wealth Advisors LLC Grows Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Artemis Wealth Advisors LLC boosted its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 27.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,596 shares of the software giant's stock after buying an additional 9,008 shares during the quarter. Microsoft makes up about 3.1% of Artemis Wealth Advisors LLC's investment portfolio, making the stock its 3rd largest position. Artemis Wealth Advisors LLC's holdings in Microsoft were worth $17,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Sierra Capital LLC lifted its holdings in shares of Microsoft by 3.6% during the fourth quarter. Sierra Capital LLC now owns 16,234 shares of the software giant's stock valued at $6,843,000 after acquiring an additional 561 shares during the period. Brown Financial Advisors increased its position in shares of Microsoft by 15.8% during the 4th quarter. Brown Financial Advisors now owns 12,990 shares of the software giant's stock worth $5,475,000 after purchasing an additional 1,768 shares in the last quarter. Blackhawk Capital Partners LLC. lifted its holdings in Microsoft by 3.1% during the 4th quarter. Blackhawk Capital Partners LLC. now owns 13,307 shares of the software giant's stock valued at $5,609,000 after purchasing an additional 395 shares during the last quarter. Wrapmanager Inc. boosted its position in Microsoft by 2.4% in the fourth quarter. Wrapmanager Inc. now owns 29,043 shares of the software giant's stock valued at $12,242,000 after buying an additional 685 shares in the last quarter. Finally, Transcendent Capital Group LLC grew its stake in Microsoft by 2.4% during the fourth quarter. Transcendent Capital Group LLC now owns 25,022 shares of the software giant's stock worth $10,547,000 after buying an additional 596 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Performance

Shares of NASDAQ:MSFT opened at $395.26 on Thursday. The company has a market capitalization of $2.94 trillion, a price-to-earnings ratio of 31.82, a P/E/G ratio of 2.21 and a beta of 1.00. The firm's 50 day simple moving average is $383.76 and its 200 day simple moving average is $410.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The company had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. During the same period last year, the firm posted $2.94 earnings per share. The business's quarterly revenue was up 13.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio is currently 26.73%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wells Fargo & Company reduced their target price on Microsoft from $515.00 to $500.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Piper Sandler reduced their price objective on Microsoft from $520.00 to $435.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Stifel Nicolaus lowered their target price on Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Scotiabank initiated coverage on shares of Microsoft in a research report on Thursday, March 20th. They set a "sector outperform" rating and a $470.00 price target on the stock. Finally, UBS Group lowered their price objective on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Five analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $493.89.

Microsoft Company Profile

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.

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