Grant Private Wealth Management Inc Acquires New Shares in Microsoft Co. (NASDAQ:MSFT)

Grant Private Wealth Management Inc acquired a new position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,992 shares of the software giant's stock, valued at approximately $2,526,000. Microsoft comprises approximately 2.7% of Grant Private Wealth Management Inc's portfolio, making the stock its 7th largest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fiduciary Advisors Inc. acquired a new position in shares of Microsoft during the fourth quarter worth $38,000. IFS Advisors LLC increased its holdings in Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after purchasing an additional 35 shares during the period. Avondale Wealth Management raised its position in Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after purchasing an additional 65 shares during the last quarter. Fairway Wealth LLC acquired a new position in Microsoft during the 4th quarter worth about $62,000. Finally, Sellwood Investment Partners LLC bought a new stake in shares of Microsoft in the 4th quarter valued at about $120,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Analysts Set New Price Targets

MSFT has been the subject of a number of analyst reports. TD Securities raised their price objective on Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. KeyCorp restated a "sector weight" rating on shares of Microsoft in a report on Thursday, April 17th. DA Davidson boosted their price target on shares of Microsoft from $450.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Citigroup upped their price objective on shares of Microsoft from $480.00 to $540.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Finally, Needham & Company LLC reissued a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $513.59.

Microsoft Stock Performance

Shares of Microsoft stock opened at $470.38 on Monday. The company has a market cap of $3.50 trillion, a PE ratio of 37.87, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03. The business has a 50 day moving average price of $417.20 and a 200-day moving average price of $416.68. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $473.34. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

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 (EPS) for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The firm had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter in the prior year, the company earned $2.94 EPS. The business's revenue for the quarter was up 13.3% on a year-over-year basis. Equities analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.71%. Microsoft's payout ratio is currently 25.66%.

Insider Buying and Selling

In related news, EVP Takeshi Numoto sold 3,000 shares of Microsoft 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 now owns 43,930 shares of the company's stock, valued at approximately $20,339,590. The trade was a 6.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total value of $32,703,750.00. Following the transaction, the insider now directly owns 476,999 shares of the company's stock, valued at approximately $207,995,413.95. This trade represents a 13.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,743 shares of company stock worth $60,224,683. Insiders own 0.03% of the company's stock.

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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