Hidden Cove Wealth Management LLC Has $2.96 Million Stake in Microsoft Corporation (NASDAQ:MSFT)

Hidden Cove Wealth Management LLC raised its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 22.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 7,880 shares of the software giant's stock after purchasing an additional 1,454 shares during the period. Microsoft accounts for approximately 2.3% of Hidden Cove Wealth Management LLC's portfolio, making the stock its 11th largest position. Hidden Cove Wealth Management LLC's holdings in Microsoft were worth $2,958,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Beacon Financial Advisory LLC lifted its position in shares of Microsoft by 13.8% during the 1st quarter. Beacon Financial Advisory LLC now owns 11,228 shares of the software giant's stock valued at $4,215,000 after acquiring an additional 1,359 shares during the period. TFC Financial Management Inc. lifted its position in shares of Microsoft by 2.4% during the 1st quarter. TFC Financial Management Inc. now owns 15,100 shares of the software giant's stock valued at $5,668,000 after acquiring an additional 349 shares during the period. Tanager Wealth Management LLP lifted its position in shares of Microsoft by 6.0% during the 1st quarter. Tanager Wealth Management LLP now owns 24,578 shares of the software giant's stock valued at $9,226,000 after acquiring an additional 1,392 shares during the period. Falcon Wealth Planning lifted its position in shares of Microsoft by 6.4% during the 1st quarter. Falcon Wealth Planning now owns 11,465 shares of the software giant's stock valued at $4,304,000 after acquiring an additional 687 shares during the period. Finally, Tranquility Partners LLC lifted its position in shares of Microsoft by 0.3% during the 1st quarter. Tranquility Partners LLC now owns 37,813 shares of the software giant's stock valued at $14,195,000 after acquiring an additional 116 shares during the period. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Price Performance

MSFT opened at $520.84 on Friday. The firm has a market cap of $3.87 trillion, a P/E ratio of 38.18, a PEG ratio of 2.30 and a beta of 1.06. The firm has a 50-day moving average of $495.59 and a 200 day moving average of $437.64. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.35 and a current ratio of 1.35. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $555.45.

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

Microsoft Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 0.6%. Microsoft's dividend payout ratio is presently 24.34%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MSFT shares. Benchmark reiterated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Barclays boosted their target price on shares of Microsoft from $550.00 to $625.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Mizuho boosted their target price on shares of Microsoft from $540.00 to $625.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Guggenheim restated a "neutral" rating on shares of Microsoft in a research note on Thursday, May 1st. Finally, Wells Fargo & Company restated an "overweight" rating and set a $650.00 price target (up previously from $600.00) 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 assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $609.86.

Insider Activity at Microsoft

In other Microsoft news, EVP Amy Coleman sold 13,243 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president owned 43,100 shares in the company, valued at $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Takeshi Numoto sold 3,000 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the transaction, the executive vice president owned 43,930 shares of the company's stock, valued at $20,339,590. This represents a 6.39% 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 ninety days. Corporate 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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