Canopy Partners LLC Has $11.07 Million Position in Microsoft Co. (NASDAQ:MSFT)

Canopy Partners LLC boosted its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 14.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,260 shares of the software giant's stock after purchasing an additional 3,273 shares during the period. Microsoft comprises about 4.2% of Canopy Partners LLC's holdings, making the stock its 3rd largest holding. Canopy Partners LLC's holdings in Microsoft were worth $11,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of MSFT. Fiduciary Advisors Inc. acquired a new position in shares of Microsoft in the 4th quarter worth approximately $38,000. IFS Advisors LLC raised its position in shares of Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after acquiring an additional 35 shares in the last quarter. Avondale Wealth Management lifted its stake in shares of Microsoft by 144.4% in 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 during the period. Fairway Wealth LLC bought a new stake in shares of Microsoft during the 4th quarter valued at about $62,000. Finally, Sellwood Investment Partners LLC bought a new stake in shares of Microsoft during the 4th quarter valued at about $120,000. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Down 0.8%

NASDAQ:MSFT traded down $3.91 during trading hours on Friday, hitting $474.96. 16,804,288 shares of the company traded hands, compared to its average volume of 21,485,191. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company has a market cap of $3.53 trillion, a PE ratio of 38.24, a PEG ratio of 2.21 and a beta of 1.03. The firm's 50-day simple moving average is $425.64 and its 200-day simple moving average is $418.26. Microsoft Co. has a one year low of $344.79 and a one year high of $480.42.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly 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. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The business had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. During the same period in the previous year, the company earned $2.94 earnings per share. The firm's revenue for the quarter was up 13.3% compared to the same quarter last year. Equities analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio is presently 25.66%.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of research analyst reports. UBS Group lowered their target price on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a report on Monday, April 14th. Jefferies Financial Group lifted their price objective on shares of Microsoft from $475.00 to $550.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. KeyCorp reiterated a "sector weight" rating on shares of Microsoft in a research report on Thursday, April 17th. Guggenheim restated a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Finally, The Goldman Sachs Group lifted their price target on shares of Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Four analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. Based on data from MarketBeat, Microsoft has a consensus rating of "Moderate Buy" and a consensus price target of $515.68.

Insider Activity at Microsoft

In other Microsoft news, EVP Amy Coleman sold 13,243 shares of the company's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the transaction, the executive vice president now owns 43,100 shares in the company, valued at $19,481,631. This represents a 23.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction on 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 sale, the executive vice president now owns 43,930 shares in the company, valued at $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is owned by insiders.

About Microsoft

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.