Evoke Wealth LLC raised its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 107,674 shares of the software giant's stock after buying an additional 1,905 shares during the period. Microsoft makes up approximately 1.3% of Evoke Wealth LLC's portfolio, making the stock its 22nd largest position. Evoke Wealth LLC's holdings in Microsoft were worth $45,385,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MSFT. Adamsbrown Wealth Consultants LLC grew its position in Microsoft by 2.2% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock valued at $2,515,000 after buying an additional 130 shares during the last quarter. Mcdaniel Terry & Co. raised its stake in Microsoft by 6.1% in the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock valued at $133,023,000 after purchasing an additional 18,052 shares during the last quarter. Centric Wealth Management raised its stake in Microsoft by 0.7% in the 3rd quarter. Centric Wealth Management now owns 16,156 shares of the software giant's stock valued at $6,789,000 after purchasing an additional 112 shares during the last quarter. 1900 Wealth Management LLC raised its stake in Microsoft by 3.0% in the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock valued at $4,274,000 after purchasing an additional 294 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Microsoft by 2.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 9,250,128 shares of the software giant's stock valued at $3,980,299,000 after acquiring an additional 217,509 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.
Insider Buying and Selling at Microsoft
In related news, 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 value of $9,756,055.00. Following the sale, the executive vice president now owns 134,888 shares of the company's stock, valued at $61,208,127.76. The trade was a 13.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Bradford L. Smith sold 75,000 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the sale, the insider now directly owns 476,999 shares in the company, valued at $207,995,413.95. This trade represents a 13.59% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 131,743 shares of company stock valued at $58,375,673. 0.03% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
MSFT has been the subject of a number of research reports. Bank of America decreased their target price on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Barclays upped their price target on Microsoft from $430.00 to $494.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Citigroup increased their target price on Microsoft from $480.00 to $540.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Cantor Fitzgerald upped their price target on Microsoft from $502.00 to $512.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, UBS Group dropped their price target on Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $513.13.
Get Our Latest Analysis on Microsoft
Microsoft Stock Up 0.3%
NASDAQ MSFT traded up $1.32 during trading hours on Thursday, hitting $458.68. 13,971,400 shares of the company traded hands, compared to its average volume of 21,584,780. The business's 50-day moving average is $407.73 and its 200-day moving average is $414.89. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $468.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The stock has a market capitalization of $3.41 trillion, a price-to-earnings ratio of 36.93, a P/E/G ratio of 2.21 and a beta of 0.99.
Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. The company had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.94 earnings per share. Sell-side analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current year.
Microsoft Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio is presently 25.66%.
Microsoft Profile
(
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.
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