2,494 Shares in Microsoft Corporation (NASDAQ:MSFT) Bought by Wilkins Miller Wealth Management LLC

Wilkins Miller Wealth Management LLC purchased a new stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,494 shares of the software giant's stock, valued at approximately $1,052,000. Microsoft makes up approximately 1.1% of Wilkins Miller Wealth Management LLC's investment portfolio, making the stock its 22nd largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. WFA Asset Management Corp lifted its holdings in Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after buying an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. increased its holdings in shares of Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock valued at $5,658,000 after acquiring an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC raised its position in shares of Microsoft by 410.4% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after acquiring an additional 2,138 shares in the last quarter. Wealth Group Ltd. lifted its stake in Microsoft by 1.2% during the fourth quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant's stock worth $1,000,000 after purchasing an additional 28 shares during the last quarter. Finally, RMR Wealth Builders boosted its holdings in Microsoft by 3.6% in the fourth quarter. RMR Wealth Builders now owns 49,658 shares of the software giant's stock valued at $20,931,000 after purchasing an additional 1,739 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Stock Performance

NASDAQ MSFT opened at $480.24 on Friday. The stock has a market capitalization of $3.57 trillion, a price-to-earnings ratio of 37.11, a PEG ratio of 2.44 and a beta of 1.03. The business's 50 day moving average is $436.07 and its two-hundred day moving average is $420.16. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $481.00. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data 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 return on equity of 32.74% and a net margin of 35.79%. The firm had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same quarter in the prior year, the company posted $2.94 earnings per share. Microsoft's quarterly revenue was up 13.3% on a year-over-year basis. Research analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is 25.66%.

Insiders Place Their Bets

In related news, insider Bradford L. Smith sold 6,000 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the transaction, the insider now directly owns 471,036 shares of the company's stock, valued at $204,038,664.12. This trade represents a 1.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of Microsoft stock in a transaction on Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the transaction, the executive vice president now directly owns 98,010 shares of the company's stock, valued at approximately $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of research analyst reports. Bank of America cut their price objective on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Wedbush reiterated an "outperform" rating on shares of Microsoft in a research note on Wednesday, May 21st. Citigroup upped their price objective on shares of Microsoft from $540.00 to $605.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. DA Davidson raised their price objective on Microsoft from $450.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Finally, Cantor Fitzgerald upped their target price on Microsoft from $502.00 to $512.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Five analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $515.68.

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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