Destiny Wealth Partners LLC Has $11.09 Million Stake in Microsoft Corporation (NASDAQ:MSFT)

Destiny Wealth Partners LLC lifted its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 5.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,536 shares of the software giant's stock after buying an additional 1,434 shares during the period. Microsoft accounts for approximately 1.8% of Destiny Wealth Partners LLC's holdings, making the stock its 15th biggest position. Destiny Wealth Partners LLC's holdings in Microsoft were worth $11,088,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Microsoft in the 4th quarter worth about $44,343,058,000. GAMMA Investing LLC increased its position in shares of Microsoft by 40,290.4% during the 1st quarter. GAMMA Investing LLC now owns 46,695,303 shares of the software giant's stock valued at $17,528,950,000 after purchasing an additional 46,579,693 shares during the period. Proficio Capital Partners LLC grew its holdings in Microsoft by 34,643.3% during the fourth quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock worth $7,096,913,000 after acquiring an additional 16,788,816 shares during the period. Northern Trust Corp raised its holdings in shares of Microsoft by 16.1% in the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock worth $35,316,535,000 after purchasing an additional 11,600,470 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Microsoft by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock valued at $288,336,224,000 after purchasing an additional 10,431,988 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. The Goldman Sachs Group upped their price target on Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Wells Fargo & Company lifted their target price on Microsoft from $565.00 to $585.00 and gave the stock an "overweight" rating in a report on Wednesday, June 25th. Morgan Stanley restated an "overweight" rating and issued a $530.00 price target (up previously from $482.00) on shares of Microsoft in a research report on Thursday, June 26th. Wedbush raised their price objective on Microsoft from $515.00 to $600.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 25th. Finally, Piper Sandler increased their price objective on Microsoft from $475.00 to $600.00 and gave the stock an "overweight" rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $534.14.

Microsoft Price Performance

Shares of NASDAQ:MSFT traded down $2.03 during midday trading on Thursday, reaching $501.48. 16,466,043 shares of the company's stock were exchanged, compared to its average volume of 21,666,022. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. The company's 50 day simple moving average is $467.76 and its two-hundred day simple moving average is $424.96. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $506.78. The firm has a market capitalization of $3.73 trillion, a PE ratio of 38.75, a price-to-earnings-growth ratio of 2.25 and a beta of 1.04.

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, topping analysts' consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The firm had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. During the same quarter last year, the company earned $2.94 earnings per share. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. Equities research analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is 25.66%.

Insider Transactions at Microsoft

In other news, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction that occurred on Thursday, May 15th. The shares were 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 owned 43,100 shares in the company, valued at approximately $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bradford L. Smith sold 75,000 shares of the business's stock in a transaction on 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 completion of the transaction, the insider directly owned 476,999 shares in the company, valued at approximately $207,995,413.95. This represents a 13.59% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is owned by company 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.