13,347 Shares in Microsoft Corporation (NASDAQ:MSFT) Acquired by Heck Capital Advisors LLC

Heck Capital Advisors LLC acquired a new position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,347 shares of the software giant's stock, valued at approximately $5,626,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in MSFT. Norges Bank bought a new stake in Microsoft in the 4th quarter valued at $44,343,058,000. Proficio Capital Partners LLC raised its stake in Microsoft by 34,643.3% in the 4th quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock valued at $7,096,913,000 after acquiring an additional 16,788,816 shares during the period. Northern Trust Corp raised its stake in Microsoft by 16.1% in the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock valued at $35,316,535,000 after acquiring an additional 11,600,470 shares during the period. Vanguard Group Inc. raised its stake in Microsoft by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock valued at $288,336,224,000 after acquiring an additional 10,431,988 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Microsoft by 9.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,961,337 shares of the software giant's stock worth $25,273,704,000 after purchasing an additional 5,370,546 shares in the last quarter. Institutional investors own 71.13% of the company's stock.

Microsoft Stock Performance

Shares of NASDAQ:MSFT traded down $2.84 during midday trading on Friday, reaching $477.40. 37,241,095 shares of the company traded hands, compared to its average volume of 21,515,262. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $483.46. The firm has a market capitalization of $3.55 trillion, a price-to-earnings ratio of 36.89, a price-to-earnings-growth ratio of 2.43 and a beta of 1.03. The firm's fifty day moving average price is $437.84 and its two-hundred day moving average price is $420.40.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings results 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 32.74% and a net margin of 35.79%. The firm had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. During the same quarter last year, the firm posted $2.94 EPS. The company's revenue was up 13.3% compared to the same quarter last year. On average, equities analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.70%. Microsoft's dividend payout ratio is 25.66%.

Insider Activity at Microsoft

In related news, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the transaction, the executive vice president now directly owns 43,100 shares of the company's stock, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Bradford L. Smith sold 75,000 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $207,995,413.95. This represents a 13.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 135,743 shares of company stock valued at $60,224,683. Corporate insiders own 0.03% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on MSFT shares. JPMorgan Chase & Co. raised their price objective on Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Mizuho lifted their price target on Microsoft from $475.00 to $500.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. BMO Capital Markets reissued an "outperform" rating on shares of Microsoft in a research note on Wednesday, May 21st. Morgan Stanley reissued an "overweight" rating on shares of Microsoft in a research note on Wednesday, June 4th. Finally, TD Securities lifted their price target on Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. According to MarketBeat, Microsoft presently has a consensus rating of "Moderate Buy" and an average price target of $515.68.

Microsoft Company 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.