Fourth Dimension Wealth LLC Has $2.62 Million Stock Position in Microsoft Corporation (NASDAQ:MSFT)

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

Several other institutional investors have also recently made changes to their positions in MSFT. Newton One Investments LLC raised its holdings in shares of Microsoft by 66.7% during the first quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock valued at $28,000 after purchasing an additional 30 shares during the period. Ball & Co Wealth Management Inc. acquired a new stake in shares of Microsoft in the 4th quarter worth about $31,000. LSV Asset Management acquired a new stake in shares of Microsoft in the 4th quarter worth about $44,000. IFS Advisors LLC raised its holdings in shares of Microsoft by 50.0% in the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock worth $57,000 after acquiring an additional 50 shares during the last quarter. Finally, Fairway Wealth LLC acquired a new stake in shares of Microsoft in the 4th quarter worth about $62,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Stock Performance

NASDAQ MSFT opened at $524.11 on Monday. The company's 50 day simple moving average is $489.94 and its two-hundred day simple moving average is $435.01. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $555.45. The stock has a market capitalization of $3.90 trillion, a PE ratio of 38.42, a P/E/G ratio of 2.31 and a beta of 1.06.

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

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is presently 24.34%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MSFT shares. Raymond James Financial upped their target price on shares of Microsoft from $490.00 to $570.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. KeyCorp upgraded shares of Microsoft from a "sector weight" rating to an "overweight" rating and set a $630.00 target price on the stock in a report on Thursday. Sanford C. Bernstein upped their target price on shares of Microsoft from $540.00 to $637.00 and gave the stock an "outperform" rating in a report on Thursday. Mizuho upped their target price on shares of Microsoft from $540.00 to $625.00 and gave the stock an "outperform" rating in a report on Thursday. Finally, Cantor Fitzgerald upped their target price on shares of Microsoft from $581.00 to $639.00 and gave the stock an "overweight" rating in a report on Thursday. Two research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. Based on data from MarketBeat, Microsoft currently has an average rating of "Moderate Buy" and a consensus target price of $609.86.

Insider Activity

In other news, EVP Judson Althoff sold 16,000 shares of the firm's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the sale, the executive vice president owned 98,010 shares in the company, valued at approximately $44,906,221.80. This trade represents a 14.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the sale, the executive vice president owned 43,100 shares in the company, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,743 shares of company stock valued at $24,921,913 in the last quarter. 0.03% of the stock is currently 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.

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