American Money Management LLC Buys 1,530 Shares of Microsoft Corporation $MSFT

Key Points

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American Money Management LLC lifted its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 2.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 59,736 shares of the software giant's stock after acquiring an additional 1,530 shares during the period. Microsoft makes up about 4.3% of American Money Management LLC's investment portfolio, making the stock its 4th biggest position. American Money Management LLC's holdings in Microsoft were worth $22,424,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Newton One Investments LLC raised its stake in shares of Microsoft by 66.7% in the first quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock worth $28,000 after acquiring an additional 30 shares during the last quarter. Ball & Co Wealth Management Inc. bought a new position in shares of Microsoft in the fourth quarter worth about $31,000. LSV Asset Management bought a new position in shares of Microsoft in the fourth quarter worth about $44,000. IFS Advisors LLC grew its position in shares of Microsoft by 50.0% during the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock worth $57,000 after buying an additional 50 shares during the period. Finally, Fairway Wealth LLC bought a new stake in shares of Microsoft during the fourth quarter worth approximately $62,000. 71.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MSFT shares. JPMorgan Chase & Co. boosted their price target on shares of Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Wall Street Zen raised shares of Microsoft from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Benchmark reissued a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. TD Cowen boosted their price target on shares of Microsoft from $580.00 to $640.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, Westpark Capital reissued a "hold" rating on shares of Microsoft in a research note on Thursday, July 31st. Two research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $612.54.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the sale, the executive vice president directly owned 134,888 shares of the company's stock, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Takeshi Numoto sold 4,850 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $527.32, for a total transaction of $2,557,502.00. Following the sale, the executive vice president directly owned 39,111 shares in the company, valued at $20,624,012.52. This trade represents a 11.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,350 shares of company stock worth $14,162,567 over the last ninety days. Insiders own 0.03% of the company's stock.

Microsoft Stock Performance

NASDAQ MSFT opened at $517.10 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.12. The firm's fifty day moving average price is $503.49 and its two-hundred day moving average price is $441.90. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $555.45. The firm has a market capitalization of $3.84 trillion, a P/E ratio of 37.91, a price-to-earnings-growth ratio of 2.28 and a beta of 1.06.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.35 by $0.30. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The firm had revenue of $76.44 billion for the quarter, compared to analyst estimates of $73.79 billion. During the same period in the prior year, the firm posted $2.95 earnings per share. The company's quarterly revenue was up 18.1% compared to the same quarter last year. As a group, research analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio is 24.34%.

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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