DKM Wealth Management Inc. Acquires Shares of 1,294 Microsoft Co. (NASDAQ:MSFT)

DKM Wealth Management Inc. bought a new position in Microsoft Co. (NASDAQ:MSFT - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 1,294 shares of the software giant's stock, valued at approximately $545,000. Microsoft accounts for about 0.5% of DKM Wealth Management Inc.'s investment portfolio, making the stock its 24th biggest holding.

A number of other institutional investors also recently bought and sold shares of MSFT. WFA Asset Management Corp increased its holdings in shares of Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after purchasing an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. boosted its holdings in shares of Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock valued at $5,658,000 after purchasing an additional 38 shares during the period. Discipline Wealth Solutions LLC boosted its holdings in shares of Microsoft by 410.4% in the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock valued at $1,144,000 after purchasing an additional 2,138 shares during the period. United Bank boosted its holdings in shares of Microsoft by 4.1% in the third quarter. United Bank now owns 18,378 shares of the software giant's stock valued at $7,908,000 after purchasing an additional 730 shares during the period. Finally, Stansberry Asset Management LLC boosted its holdings in shares of Microsoft by 1.0% in the third quarter. Stansberry Asset Management LLC now owns 45,695 shares of the software giant's stock valued at $19,663,000 after purchasing an additional 431 shares during the period. 71.13% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the completion of the sale, the executive vice president now directly owns 43,930 shares of the company's stock, valued at approximately $20,339,590. The trade was a 6.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 75,000 shares of Microsoft stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the sale, the insider now directly owns 476,999 shares of the company's stock, valued at approximately $207,995,413.95. This trade represents a 13.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,743 shares of company stock worth $60,224,683 over the last 90 days. Corporate insiders own 0.03% of the company's stock.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of recent research reports. Needham & Company LLC reissued a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. JPMorgan Chase & Co. upped their target price on Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Morgan Stanley reissued an "overweight" rating on shares of Microsoft in a research report on Wednesday, June 4th. Citigroup upped their price target on shares of Microsoft from $540.00 to $605.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $525.00 target price on shares of Microsoft in a research note on Friday, May 23rd. Four investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $513.89.

Microsoft Trading Up 0.4%

Shares of NASDAQ MSFT traded up $1.70 during midday trading on Wednesday, reaching $472.62. 16,371,327 shares of the stock were exchanged, compared to its average volume of 21,517,831. The company has a 50 day simple moving average of $420.97 and a 200 day simple moving average of $417.46. The stock has a market capitalization of $3.51 trillion, a P/E ratio of 38.05, a PEG ratio of 2.21 and a beta of 1.03. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $476.16.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The firm had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter last year, the firm earned $2.94 EPS. The firm's revenue for the quarter was up 13.3% on a year-over-year basis. As a group, equities analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.70%. Microsoft's dividend payout ratio (DPR) is 25.66%.

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.