Adams Wealth Management Grows Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Adams Wealth Management boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 14.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,834 shares of the software giant's stock after buying an additional 2,323 shares during the quarter. Microsoft accounts for about 1.5% of Adams Wealth Management's portfolio, making the stock its 17th largest holding. Adams Wealth Management's holdings in Microsoft were worth $7,939,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fiduciary Advisors Inc. acquired a new position in Microsoft in the 4th quarter worth about $38,000. IFS Advisors LLC grew its holdings in Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after purchasing an additional 35 shares during the period. LSV Asset Management purchased a new stake in shares of Microsoft in the fourth quarter valued at approximately $44,000. Avondale Wealth Management raised its stake in shares of Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after buying an additional 65 shares during the period. Finally, Fairway Wealth LLC purchased a new position in shares of Microsoft during the 4th quarter valued at approximately $62,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MSFT shares. UBS Group cut their price target on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a report on Monday, April 14th. Wedbush reissued an "outperform" rating on shares of Microsoft in a research note on Wednesday, May 21st. Guggenheim restated a "neutral" rating on shares of Microsoft in a research report on Thursday, May 1st. KeyCorp reiterated a "sector weight" rating on shares of Microsoft in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. boosted their price objective on Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $515.68.

Microsoft Trading Up 1.1%

MSFT stock traded up $5.16 during midday trading on Monday, hitting $480.12. 6,839,075 shares of the company's stock were exchanged, compared to its average volume of 21,481,646. The stock has a market capitalization of $3.57 trillion, a PE ratio of 38.62, a P/E/G ratio of 2.21 and a beta of 1.03. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 1-year low of $344.79 and a 1-year high of $480.64. The business has a 50-day simple moving average of $428.05 and a two-hundred day simple moving average of $418.55.

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

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders 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 payout ratio is 25.66%.

Insider Buying and Selling

In related news, insider Bradford L. Smith sold 6,000 shares of Microsoft stock in a transaction on Monday, May 5th. The shares were sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the sale, the insider now directly owns 471,036 shares in the company, valued at $204,038,664.12. This trade represents a 1.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Takeshi Numoto sold 3,000 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total value of $1,389,000.00. Following the transaction, the executive vice president now directly owns 43,930 shares in the company, valued at approximately $20,339,590. The trade was a 6.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock valued at $60,224,683 in the last three months. 0.03% of the stock is owned by corporate insiders.

Microsoft 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.