Clear Creek Financial Management LLC Boosts Stock Holdings in Microsoft Corporation (NASDAQ:MSFT)

Clear Creek Financial Management LLC grew its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 4.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,546 shares of the software giant's stock after buying an additional 1,230 shares during the quarter. Microsoft accounts for 1.1% of Clear Creek Financial Management LLC's portfolio, making the stock its 13th largest position. Clear Creek Financial Management LLC's holdings in Microsoft were worth $11,091,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Fosun International Ltd raised its position in Microsoft by 0.3% in the first quarter. Fosun International Ltd now owns 6,633 shares of the software giant's stock worth $2,490,000 after acquiring an additional 23 shares during the period. Retirement Financial Solutions LLC raised its position in Microsoft by 2.3% in the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock worth $443,000 after acquiring an additional 24 shares during the period. Kuhn & Co Investment Counsel raised its position in Microsoft by 0.8% in the fourth quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock worth $1,385,000 after acquiring an additional 25 shares during the period. Alliance Wealth Management Group raised its position in Microsoft by 0.4% in the fourth quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock worth $2,368,000 after acquiring an additional 25 shares during the period. Finally, Guidance Point Advisors LLC raised its position in Microsoft by 0.6% in the fourth quarter. Guidance Point Advisors LLC now owns 4,294 shares of the software giant's stock worth $1,811,000 after acquiring an additional 25 shares during the period. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Stock Performance

Shares of NASDAQ:MSFT opened at $520.17 on Friday. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $555.45. The stock has a market capitalization of $3.87 trillion, a P/E ratio of 38.14, a PEG ratio of 2.29 and a beta of 1.06. The firm has a fifty day simple moving average of $502.60 and a two-hundred day simple moving average of $441.02. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The software giant reported $3.65 EPS for the quarter, topping analysts' consensus estimates of $3.35 by $0.30. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The business had revenue of $76.44 billion during the quarter, compared to analysts' expectations of $73.79 billion. During the same period last year, the company posted $2.95 EPS. The business's revenue was up 18.1% on a year-over-year basis. On average, analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 134,888 shares of the company's stock, valued at approximately $61,208,127.76. The trade was a 13.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Judson Althoff sold 16,000 shares of Microsoft stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the transaction, the executive vice president directly owned 98,010 shares of the company's stock, valued at approximately $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,350 shares of company stock valued at $21,493,447. Company insiders own 0.03% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on MSFT shares. Evercore ISI raised their price objective on shares of Microsoft from $515.00 to $545.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Barclays raised their price objective on shares of Microsoft from $550.00 to $625.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Jefferies Financial Group raised their price objective on shares of Microsoft from $600.00 to $675.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Sanford C. Bernstein raised their price objective on shares of Microsoft from $540.00 to $637.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Finally, TD Cowen raised their price objective on shares of Microsoft from $580.00 to $640.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Two investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $609.86.

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.

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