Chokshi & Queen Wealth Advisors Inc Invests $2.49 Million in Microsoft Corporation (NASDAQ:MSFT)

Chokshi & Queen Wealth Advisors Inc bought a new position in Microsoft Corporation (NASDAQ:MSFT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 5,916 shares of the software giant's stock, valued at approximately $2,494,000. Microsoft accounts for about 1.5% of Chokshi & Queen Wealth Advisors Inc's portfolio, making the stock its 13th biggest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Muirfield Wealth Advisors LLC raised its position in Microsoft by 0.5% during the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock valued at $1,866,000 after purchasing an additional 24 shares during the period. Retirement Financial Solutions LLC raised its position in Microsoft by 2.3% during the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock valued at $443,000 after purchasing an additional 24 shares during the period. Sterling Group Wealth Management LLC raised its position in Microsoft by 0.5% during the fourth quarter. Sterling Group Wealth Management LLC now owns 5,540 shares of the software giant's stock valued at $2,335,000 after purchasing an additional 25 shares during the period. Kuhn & Co Investment Counsel raised its position in Microsoft by 0.8% during the fourth quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock valued at $1,385,000 after purchasing an additional 25 shares during the period. Finally, Alliance Wealth Management Group raised its position in Microsoft by 0.4% during the fourth quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock valued at $2,368,000 after purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 71.13% of the company's stock.

Insider Buying and Selling at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 75,000 shares of Microsoft stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $436.05, for a total value of $32,703,750.00. Following the transaction, the insider now owns 476,999 shares in the company, valued at $207,995,413.95. The trade was a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the completion of the transaction, the executive vice president now owns 43,930 shares in the company, valued at $20,339,590. This trade represents a 6.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock worth $60,224,683 over the last quarter. Insiders own 0.03% of the company's stock.

Microsoft Stock Down 0.6%

Shares of Microsoft stock traded down $2.84 during trading on Friday, hitting $477.40. 37,241,095 shares of the stock traded hands, compared to its average volume of 21,515,262. The firm has a market cap of $3.55 trillion, a P/E ratio of 36.89, a price-to-earnings-growth ratio of 2.43 and a beta of 1.03. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $483.46. The stock's fifty day simple moving average is $437.84 and its 200 day simple moving average is $420.40.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating the consensus estimate of $3.22 by $0.24. The firm had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The business's revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.94 earnings per share. On average, equities analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.70%. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of recent research reports. UBS Group decreased their price objective on Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Stifel Nicolaus upped their price objective on Microsoft from $475.00 to $500.00 and gave the company a "buy" rating 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. Citigroup increased their price target on Microsoft from $540.00 to $605.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Finally, DA Davidson increased their price target on Microsoft from $450.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $515.68.

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.