Goodman Advisory Group LLC raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,395 shares of the software giant's stock after purchasing an additional 1,635 shares during the period. Microsoft comprises about 3.8% of Goodman Advisory Group LLC's portfolio, making the stock its 8th largest holding. Goodman Advisory Group LLC's holdings in Microsoft were worth $12,812,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. Muirfield Wealth Advisors LLC boosted its position in shares of Microsoft by 0.5% in the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock valued at $1,866,000 after acquiring an additional 24 shares during the period. Retirement Financial Solutions LLC boosted its position in shares of Microsoft by 2.3% in the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock valued at $443,000 after acquiring an additional 24 shares during the period. Boulder Wealth Advisors LLC boosted its position in shares of Microsoft by 1.0% in the third quarter. Boulder Wealth Advisors LLC now owns 2,569 shares of the software giant's stock valued at $1,106,000 after acquiring an additional 25 shares during the period. Sterling Group Wealth Management LLC raised its stake in shares of Microsoft by 0.5% in the fourth quarter. Sterling Group Wealth Management LLC now owns 5,540 shares of the software giant's stock valued at $2,335,000 after purchasing an additional 25 shares in the last quarter. Finally, Kuhn & Co Investment Counsel raised its stake in shares of Microsoft by 0.8% in the fourth quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock valued at $1,385,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 71.13% of the company's stock.
Insider Transactions at Microsoft
In related news, EVP Takeshi Numoto sold 1,000 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $460.01, for a total value of $460,010.00. Following the sale, the executive vice president now owns 47,058 shares in the company, valued at approximately $21,647,150.58. This represents a 2.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of the 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 completion of the sale, the executive vice president now owns 134,888 shares in the company, valued at approximately $61,208,127.76. This trade represents a 13.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock worth $60,224,683 in the last 90 days. Corporate insiders own 0.03% of the company's stock.
Microsoft Price Performance
Shares of MSFT opened at $474.96 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $480.42. The stock has a market cap of $3.53 trillion, a P/E ratio of 38.24, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03. The stock's 50-day moving average price is $428.05 and its two-hundred day moving average price is $418.65.
Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The business had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. During the same quarter in the previous year, the business posted $2.94 EPS. Microsoft's revenue for the quarter was up 13.3% on a year-over-year basis. On average, equities analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.
Microsoft Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio is currently 25.66%.
Analyst Ratings Changes
MSFT has been the subject of a number of recent research reports. DA Davidson upped their target price on Microsoft from $450.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Wells Fargo & Company upped their target price on Microsoft from $515.00 to $565.00 and gave the company an "overweight" rating in a research note on Friday. KeyCorp restated a "sector weight" rating on shares of Microsoft in a research note on Thursday, April 17th. Jefferies Financial Group upped their target price on Microsoft from $475.00 to $550.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Finally, BMO Capital Markets restated an "outperform" rating on shares of Microsoft in a research note on Wednesday, May 21st. Five investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $515.68.
Check Out Our Latest Research Report on Microsoft
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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