KMT Wealth Management LLC Takes Position in Microsoft Corporation (NASDAQ:MSFT)

KMT Wealth Management LLC purchased a new position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 896 shares of the software giant's stock, valued at approximately $378,000. Microsoft makes up 0.3% of KMT Wealth Management LLC's portfolio, making the stock its 9th largest position.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Microsoft by 1.5% during 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 purchasing an additional 10,431,988 shares during the last quarter. Geode Capital Management LLC lifted its stake in Microsoft by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 168,128,024 shares of the software giant's stock valued at $70,720,874,000 after purchasing an additional 3,103,212 shares during the last quarter. Norges Bank acquired a new stake in Microsoft in the fourth quarter valued at approximately $44,343,058,000. Northern Trust Corp grew its stake in shares of Microsoft by 16.1% during the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock worth $35,316,535,000 after buying an additional 11,600,470 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Microsoft by 9.8% during the fourth 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 buying an additional 5,370,546 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Amy Coleman sold 13,243 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the transaction, the executive vice president now owns 43,100 shares in the company, valued at approximately $19,481,631. This represents a 23.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Takeshi Numoto sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $460.01, for a total value of $460,010.00. Following the completion of the sale, the executive vice president now directly owns 47,058 shares of the company's stock, valued at $21,647,150.58. This trade represents a 2.08% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 135,743 shares of company stock valued at $60,224,683. Corporate insiders own 0.03% of the company's stock.

Microsoft Trading Down 0.6%

MSFT stock traded down $2.84 during mid-day trading on Friday, reaching $477.40. The company's stock had a trading volume of 37,241,095 shares, compared to its average volume of 21,515,262. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $483.46. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. The business's 50 day moving average price is $437.84 and its 200 day moving average price is $420.40. The company has a market cap 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.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping 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 35.79% and a return on equity of 32.74%. The company's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.94 EPS. On average, equities research analysts predict 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. Shareholders of record on Thursday, August 21st will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Thursday, August 21st. Microsoft's payout ratio is 25.66%.

Analysts Set New Price Targets

A number of brokerages have recently commented on MSFT. Needham & Company LLC reiterated a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Stifel Nicolaus increased their target price on Microsoft from $475.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Benchmark reissued a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Tigress Financial boosted their price target on Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Finally, Jefferies Financial Group raised their price objective on shares of Microsoft from $475.00 to $550.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Five analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $515.68.

Microsoft 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.