Agate Pass Investment Management LLC Buys 511 Shares of Microsoft Corporation (NASDAQ:MSFT)

Agate Pass Investment Management LLC raised its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 2.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,317 shares of the software giant's stock after buying an additional 511 shares during the period. Microsoft accounts for 3.9% of Agate Pass Investment Management LLC's holdings, making the stock its 5th largest holding. Agate Pass Investment Management LLC's holdings in Microsoft were worth $9,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Ball & Co Wealth Management Inc. acquired a new stake in Microsoft in the fourth quarter valued at approximately $31,000. Fiduciary Advisors Inc. acquired a new stake in Microsoft in the fourth quarter valued at approximately $38,000. IFS Advisors LLC boosted its position 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 buying an additional 35 shares in the last quarter. LSV Asset Management acquired a new stake in Microsoft in the fourth quarter valued at approximately $44,000. Finally, Fairway Wealth LLC acquired a new stake in Microsoft in the fourth quarter valued at approximately $62,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Price Performance

MSFT stock opened at $490.11 on Wednesday. The firm has a market cap of $3.64 trillion, a price-to-earnings ratio of 37.88, a PEG ratio of 2.47 and a beta of 1.03. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $491.85. The company's fifty day simple moving average is $441.90 and its 200 day simple moving average is $420.91.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly 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 35.79% and a return on equity of 32.74%. The firm had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same period in the previous year, the firm posted $2.94 earnings per share. The business's revenue was up 13.3% compared to the same quarter last year. On average, analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The business 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. This represents a $3.32 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is currently 25.66%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MSFT shares. Wedbush restated an "outperform" rating on shares of Microsoft in a research report on Wednesday, May 21st. Barclays lifted their price target on shares of Microsoft from $430.00 to $494.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Benchmark reiterated a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Wells Fargo & Company reiterated an "overweight" rating and set a $565.00 price target (up previously from $515.00) on shares of Microsoft in a report on Friday, June 13th. Finally, Citigroup lifted their price target on shares of Microsoft from $540.00 to $605.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Four investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $515.68.

Insider Buying and Selling at Microsoft

In other news, EVP Amy Coleman sold 13,243 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the completion of the sale, the executive vice president now directly owns 43,100 shares of the company's stock, valued at $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Takeshi Numoto sold 1,000 shares of the business's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $460.01, for a total transaction of $460,010.00. Following the sale, the executive vice president now directly owns 47,058 shares of the company's stock, valued at approximately $21,647,150.58. The trade was a 2.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 135,743 shares of company stock valued at $60,224,683. Corporate insiders own 0.03% of the company's stock.

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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