Lake Street Private Wealth LLC Purchases 1,414 Shares of Microsoft Corporation (NASDAQ:MSFT)

Lake Street Private Wealth LLC boosted its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,753 shares of the software giant's stock after purchasing an additional 1,414 shares during the quarter. Microsoft accounts for approximately 2.6% of Lake Street Private Wealth LLC's holdings, making the stock its 6th biggest position. Lake Street Private Wealth LLC's holdings in Microsoft were worth $15,674,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MSFT. Ball & Co Wealth Management Inc. bought a new stake in Microsoft in the fourth quarter valued at about $31,000. Fiduciary Advisors Inc. acquired a new stake in shares of Microsoft in the fourth quarter valued at approximately $38,000. LSV Asset Management bought a new position in Microsoft in the fourth quarter valued at about $44,000. Fairway Wealth LLC acquired a new position in Microsoft in the fourth quarter valued at approximately $62,000. Finally, IFS Advisors LLC grew its stake in shares of Microsoft by 50.0% during the first quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock worth $57,000 after purchasing an additional 50 shares during the period. 71.13% of the stock is currently owned by institutional investors.

Microsoft Trading Down 0.2%

MSFT opened at $491.09 on Thursday. The firm has a market capitalization of $3.65 trillion, a price-to-earnings ratio of 37.95, a PEG ratio of 2.23 and a beta of 1.04. The company's 50 day moving average price is $457.07 and its two-hundred day moving average price is $423.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $500.76.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The firm had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter in the previous year, the company earned $2.94 EPS. The company's revenue for the quarter was up 13.3% on a year-over-year basis. As a group, research analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.68%. Microsoft's dividend payout ratio is currently 25.66%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Raymond James Financial upped their price target on shares of Microsoft from $480.00 to $490.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Wall Street Zen downgraded Microsoft from a "buy" rating to a "hold" rating in a report on Monday. Tigress Financial lifted 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, Bank of America cut their price target on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Five analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $524.71.

Insider Transactions at Microsoft

In other Microsoft news, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the transaction, the executive vice president directly owned 43,930 shares of the company's stock, valued at $20,339,590. The trade was a 6.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the transaction, the executive vice president directly owned 134,888 shares in the company, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 135,743 shares of company stock valued at $60,224,683. Company insiders own 0.03% of the company's stock.

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.

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