Edgemoor Investment Advisors Inc. Has $90.98 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Edgemoor Investment Advisors Inc. decreased its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 215,855 shares of the software giant's stock after selling 4,398 shares during the period. Microsoft accounts for approximately 8.0% of Edgemoor Investment Advisors Inc.'s holdings, making the stock its biggest holding. Edgemoor Investment Advisors Inc.'s holdings in Microsoft were worth $90,983,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MSFT. Fiduciary Advisors Inc. bought a new stake in Microsoft in the fourth quarter worth about $38,000. IFS Advisors LLC raised its stake in shares of Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after acquiring an additional 35 shares in the last quarter. Avondale Wealth Management raised its stake in shares of Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after acquiring an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of Microsoft during the third quarter valued at approximately $62,000. Finally, Fairway Wealth LLC bought a new stake in shares of Microsoft during the fourth quarter valued at approximately $62,000. Institutional investors own 71.13% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MSFT shares. Tigress Financial lifted their price target on shares of Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Evercore ISI set a $515.00 price target on shares of Microsoft and gave the company an "outperform" rating in a research note on Wednesday. BMO Capital Markets reaffirmed an "outperform" rating on shares of Microsoft in a research note on Wednesday. Stifel Nicolaus lifted their price target on shares of Microsoft from $475.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Finally, UBS Group decreased their price target on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Four analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $513.13.

Insider Activity

In other news, insider Bradford L. Smith sold 6,000 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the sale, the insider now directly owns 471,036 shares of the company's stock, valued at $204,038,664.12. The trade was a 1.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of the business's stock in a transaction on 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 transaction, the executive vice president now owns 134,888 shares of the company's stock, valued at $61,208,127.76. This represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 131,743 shares of company stock valued at $58,375,673 over the last ninety days. 0.03% of the stock is currently owned by insiders.

Microsoft Price Performance

Shares of MSFT opened at $450.18 on Friday. The firm has a market capitalization of $3.35 trillion, a PE ratio of 36.25, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. Microsoft Co. has a 1-year low of $344.79 and a 1-year high of $468.35. The company's fifty day moving average price is $402.37 and its 200-day moving average price is $413.90.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 35.43% and a return on equity of 33.36%. The business's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.94 earnings per share. On average, equities research analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Thursday, May 15th. 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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