Delta Investment Management LLC Grows Position in Microsoft Corporation (NASDAQ:MSFT)

Delta Investment Management LLC boosted its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,173 shares of the software giant's stock after acquiring an additional 936 shares during the period. Microsoft accounts for 2.9% of Delta Investment Management LLC's holdings, making the stock its 7th biggest position. Delta Investment Management LLC's holdings in Microsoft were worth $14,825,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Fiduciary Advisors Inc. purchased a new position in Microsoft in the 4th quarter worth $38,000. IFS Advisors LLC raised its stake in shares of Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after purchasing an additional 35 shares during the last quarter. LSV Asset Management acquired a new stake in shares of Microsoft during the fourth quarter worth about $44,000. Avondale Wealth Management lifted its holdings in shares of Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after purchasing an additional 65 shares during the period. Finally, Fairway Wealth LLC purchased a new stake in Microsoft in the fourth quarter valued at approximately $62,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Microsoft

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

Wall Street Analysts Forecast Growth

MSFT has been the subject of several research reports. Westpark Capital restated a "hold" rating on shares of Microsoft in a research note on Thursday, May 1st. Piper Sandler restated an "overweight" rating on shares of Microsoft in a research report on Wednesday, May 21st. BMO Capital Markets reaffirmed an "outperform" rating on shares of Microsoft in a report on Wednesday, May 21st. Morgan Stanley reiterated an "overweight" rating on shares of Microsoft in a research note on Wednesday, June 4th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $525.00 price objective on shares of Microsoft in a report on Friday, May 23rd. Five analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to MarketBeat.com, Microsoft currently has an average rating of "Moderate Buy" and a consensus price target of $515.68.

Microsoft Stock Performance

NASDAQ:MSFT opened at $478.04 on Wednesday. The company has a market cap of $3.55 trillion, a P/E ratio of 36.94, a P/E/G ratio of 2.44 and a beta of 1.03. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $480.69. The company's 50-day moving average price is $432.29 and its 200-day moving average price is $419.32. 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 (NASDAQ:MSFT - Get Free Report) last issued its 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. The business had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. During the same period in the previous year, the firm posted $2.94 EPS. The business's revenue for the quarter was up 13.3% compared to the same quarter last year. On average, sell-side analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

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. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

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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