IMG Wealth Management Inc. Buys New Stake in Microsoft Co. (NASDAQ:MSFT)

IMG Wealth Management Inc. bought a new position in Microsoft Co. (NASDAQ:MSFT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,214 shares of the software giant's stock, valued at approximately $512,000. Microsoft accounts for about 0.5% of IMG Wealth Management Inc.'s holdings, making the stock its 29th largest holding.

Other hedge funds also recently bought and sold shares of the company. Proficio Capital Partners LLC boosted its holdings in shares of Microsoft by 34,643.3% during 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 purchasing an additional 16,788,816 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Microsoft by 76.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant's stock valued at $4,439,407,000 after purchasing an additional 4,568,539 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Microsoft by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock valued at $70,790,682,000 after purchasing an additional 3,264,648 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Microsoft by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant's stock valued at $23,490,417,000 after purchasing an additional 2,125,030 shares during the last quarter. Finally, Strategic Financial Concepts LLC boosted its holdings in shares of Microsoft by 43,900.4% during the 4th quarter. Strategic Financial Concepts LLC now owns 2,042,499 shares of the software giant's stock valued at $860,913,000 after purchasing an additional 2,037,857 shares during the last quarter. Institutional investors own 71.13% of the company's stock.

Insider Transactions at Microsoft

In other news, EVP Amy Coleman sold 13,243 shares of Microsoft 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 completion of the sale, the executive vice president now directly owns 43,100 shares in the company, valued at approximately $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 75,000 shares of Microsoft stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the sale, the insider now owns 476,999 shares of the company's stock, valued at $207,995,413.95. The trade was a 13.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 131,743 shares of company stock worth $58,375,673. Company insiders own 0.03% of the company's stock.

Microsoft Stock Up 2.3%

MSFT traded up $10.51 during trading on Tuesday, hitting $460.69. The stock had a trading volume of 20,934,295 shares, compared to its average volume of 21,585,433. The company has a market capitalization of $3.42 trillion, a PE ratio of 37.09, a PEG ratio of 2.21 and a beta of 0.99. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $468.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The stock has a 50 day simple moving average of $405.09 and a two-hundred day simple moving average of $414.29.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its 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. The company had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. Microsoft's revenue was up 13.3% compared to the same quarter last year. During the same period last year, the firm earned $2.94 earnings per share. On average, research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.72%. Microsoft's dividend payout ratio (DPR) is 25.66%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MSFT shares. Bank of America lowered their price target on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. UBS Group lowered their price target on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a report on Monday, April 14th. Evercore ISI set a $515.00 price target on shares of Microsoft and gave the company an "outperform" rating in a report on Wednesday, May 21st. Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Finally, Wells Fargo & Company increased their price objective on shares of Microsoft from $500.00 to $515.00 and gave the stock an "overweight" rating in a research report 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's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $513.13.

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.