Microsoft Corporation (NASDAQ:MSFT) Holdings Raised by Fourth Dimension Wealth LLC

Key Points

• Fourth Dimension Wealth LLC increased its stake in Microsoft Corporation by 48.9%, now holding 6,990 shares valued at approximately $2.62 million.
• Microsoft reported a quarterly earnings per share of $3.65, surpassing estimates, with revenue at $76.44 billion, reflecting an 18.1% year-over-year increase.
• The company declared a $0.83 quarterly dividend, set to be paid on September 11th, resulting in an annualized yield of 0.6%.

Fourth Dimension Wealth LLC grew its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 48.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,990 shares of the software giant's stock after purchasing an additional 2,297 shares during the quarter. Microsoft makes up approximately 1.3% of Fourth Dimension Wealth LLC's holdings, making the stock its 24th biggest position. Fourth Dimension Wealth LLC's holdings in Microsoft were worth $2,624,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MSFT. Symmetry Partners LLC boosted its position in shares of Microsoft by 2.2% in the first quarter. Symmetry Partners LLC now owns 15,660 shares of the software giant's stock worth $5,879,000 after purchasing an additional 333 shares during the period. Cornerstone Wealth Group LLC increased its holdings in shares of Microsoft by 4.6% in the 1st quarter. Cornerstone Wealth Group LLC now owns 72,077 shares of the software giant's stock worth $27,057,000 after buying an additional 3,171 shares during the last quarter. Invesco LLC raised its position in shares of Microsoft by 24.5% during the 1st quarter. Invesco LLC now owns 17,462 shares of the software giant's stock valued at $6,555,000 after buying an additional 3,436 shares in the last quarter. Proactive Wealth Strategies LLC lifted its holdings in shares of Microsoft by 0.4% in the 1st quarter. Proactive Wealth Strategies LLC now owns 9,134 shares of the software giant's stock valued at $3,429,000 after acquiring an additional 32 shares during the last quarter. Finally, G2 Capital Management LLC OH grew its position in Microsoft by 5.5% in the first quarter. G2 Capital Management LLC OH now owns 2,809 shares of the software giant's stock worth $1,054,000 after acquiring an additional 146 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Price Performance

Shares of MSFT traded up $0.19 on Thursday, reaching $525.13. The stock had a trading volume of 2,338,413 shares, compared to its average volume of 22,295,482. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $555.45. The firm has a market capitalization of $3.90 trillion, a PE ratio of 38.46, a PEG ratio of 2.31 and a beta of 1.06. The firm has a 50-day moving average of $494.34 and a 200 day moving average of $437.01. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.35 by $0.30. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The company had revenue of $76.44 billion during the quarter, compared to analysts' expectations of $73.79 billion. During the same quarter in the previous year, the business posted $2.95 earnings per share. The firm's quarterly revenue was up 18.1% compared to the same quarter last year. Sell-side analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.6%. Microsoft's dividend payout ratio (DPR) is 24.34%.

Insider Activity

In related news, EVP Takeshi Numoto sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the sale, the executive vice president directly owned 43,930 shares of the company's stock, valued at approximately $20,339,590. This trade represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Judson Althoff sold 16,000 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the transaction, the executive vice president directly owned 98,010 shares in the company, valued at approximately $44,906,221.80. This represents a 14.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,743 shares of company stock worth $24,921,913 in the last three months. 0.03% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MSFT. TD Cowen raised their price target on Microsoft from $580.00 to $640.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Royal Bank Of Canada raised their price objective on Microsoft from $525.00 to $640.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Stifel Nicolaus boosted their target price on shares of Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Benchmark restated a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Finally, Westpark Capital restated a "hold" rating on shares of Microsoft in a research note on Thursday, July 31st. Two analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $609.86.

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.