Clearstead Trust LLC lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 17.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 56,318 shares of the software giant's stock after purchasing an additional 8,474 shares during the period. Microsoft accounts for about 5.1% of Clearstead Trust LLC's portfolio, making the stock its 4th largest position. Clearstead Trust LLC's holdings in Microsoft were worth $23,738,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Muirfield Wealth Advisors LLC raised its holdings in Microsoft by 0.5% during the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock worth $1,866,000 after acquiring an additional 24 shares in the last quarter. Retirement Financial Solutions LLC increased its position in shares of Microsoft by 2.3% during the 4th quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock worth $443,000 after purchasing an additional 24 shares during the last quarter. Boulder Wealth Advisors LLC raised its stake in shares of Microsoft by 1.0% during the 3rd quarter. Boulder Wealth Advisors LLC now owns 2,569 shares of the software giant's stock worth $1,106,000 after purchasing an additional 25 shares in the last quarter. Sterling Group Wealth Management LLC boosted its holdings in shares of Microsoft by 0.5% in the 4th quarter. Sterling Group Wealth Management LLC now owns 5,540 shares of the software giant's stock valued at $2,335,000 after buying an additional 25 shares during the last quarter. Finally, Kuhn & Co Investment Counsel grew its stake in shares of Microsoft by 0.8% in the fourth quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock valued at $1,385,000 after buying an additional 25 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on MSFT. Raymond James lifted their price objective on shares of Microsoft from $480.00 to $490.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Needham & Company LLC reiterated a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. The Goldman Sachs Group upped their price objective on Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a research note on Wednesday. Benchmark reiterated a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Finally, Evercore ISI restated an "outperform" rating on shares of Microsoft in a research note on Wednesday. Four analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $512.63.
Check Out Our Latest Research Report on MSFT
Insider Buying and Selling at Microsoft
In related news, EVP Judson Althoff sold 16,000 shares of the company's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the completion of the transaction, the executive vice president now directly owns 98,010 shares in the company, valued at $44,906,221.80. This represents a 14.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 110,243 shares of company stock worth $48,619,618 over the last 90 days. Insiders own 0.03% of the company's stock.
Microsoft Price Performance
Shares of NASDAQ:MSFT opened at $452.57 on Thursday. The firm has a 50 day moving average of $399.71 and a 200-day moving average of $413.31. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $3.36 trillion, a PE ratio of 36.44, a PEG ratio of 2.21 and a beta of 0.99.
Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data 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 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 company's revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.94 earnings per share. On average, equities research analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.
Microsoft Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.73%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is presently 25.66%.
Microsoft Company Profile
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Free Report)
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.
See Also
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