Antonelli Financial Advisors LLC Invests $2.72 Million in Microsoft Co. (NASDAQ:MSFT)

Antonelli Financial Advisors LLC purchased a new stake in Microsoft Co. (NASDAQ:MSFT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,460 shares of the software giant's stock, valued at approximately $2,723,000. Microsoft comprises approximately 2.3% of Antonelli Financial Advisors LLC's holdings, making the stock its 14th largest position.

Other institutional investors have also recently made changes to their positions in the company. Fiduciary Advisors Inc. bought a new stake in shares of Microsoft during the 4th quarter valued at about $38,000. IFS Advisors LLC boosted its position in shares of Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after purchasing an additional 35 shares in the last quarter. Avondale Wealth Management boosted its position in shares of Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after purchasing an additional 65 shares in the last quarter. Fairway Wealth LLC bought a new stake in shares of Microsoft during the 4th quarter valued at about $62,000. Finally, Kieckhefer Group LLC bought a new stake in shares of Microsoft during the 4th quarter valued at about $141,000. Institutional investors own 71.13% of the company's stock.

Microsoft Price Performance

Shares of MSFT stock traded up $1.32 during mid-day trading on Thursday, hitting $458.68. 13,971,400 shares of the stock were exchanged, compared to its average volume of 21,560,565. The firm has a fifty day moving average of $406.41 and a 200 day moving average of $414.59. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $468.35. The company has a market cap of $3.41 trillion, a PE ratio of 36.93, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. The business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The business's revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.94 EPS. Research analysts anticipate that Microsoft Co. 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, June 12th. Investors of record on Thursday, May 15th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.72%. Microsoft's dividend payout ratio is currently 25.66%.

Insider Buying and Selling

In other news, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the sale, the executive vice president now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bradford L. Smith sold 6,000 shares of the company's stock in a transaction dated 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 completion of 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 disclosure for this sale can be found here. Insiders have sold 131,743 shares of company stock worth $58,375,673 in the last ninety days. 0.03% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several research analyst reports. Benchmark restated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Westpark Capital restated a "hold" rating on shares of Microsoft in a research report on Thursday, May 1st. Wells Fargo & Company upped their price target on Microsoft from $500.00 to $515.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Bank of America dropped their price target on Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Finally, Tigress Financial increased their price objective on Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Four analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $513.13.

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.