8,113 Shares in Microsoft Corporation (NASDAQ:MSFT) Purchased by Leigh Baldwin & CO. LLC

Leigh Baldwin & CO. LLC bought a new position in Microsoft Corporation (NASDAQ:MSFT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,113 shares of the software giant's stock, valued at approximately $3,420,000. Microsoft makes up about 1.9% of Leigh Baldwin & CO. LLC's holdings, making the stock its 5th largest holding.

A number of other hedge funds have also modified their holdings of MSFT. Muirfield Wealth Advisors LLC lifted its stake in shares of Microsoft by 0.5% in the 4th quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock valued at $1,866,000 after purchasing an additional 24 shares in the last quarter. Retirement Financial Solutions LLC lifted its position in Microsoft by 2.3% during the 4th quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock worth $443,000 after acquiring an additional 24 shares in the last quarter. Sterling Group Wealth Management LLC lifted its position in Microsoft by 0.5% during the 4th quarter. Sterling Group Wealth Management LLC now owns 5,540 shares of the software giant's stock worth $2,335,000 after acquiring an additional 25 shares in the last quarter. Kuhn & Co Investment Counsel lifted its position in Microsoft by 0.8% during the 4th quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock worth $1,385,000 after acquiring an additional 25 shares in the last quarter. Finally, Alliance Wealth Management Group lifted its position in Microsoft by 0.4% during the 4th quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock worth $2,368,000 after acquiring an additional 25 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Amy Coleman sold 13,243 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now owns 43,100 shares of the company's stock, valued at approximately $19,481,631. This represents a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Takeshi Numoto sold 3,000 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total value of $1,389,000.00. Following the completion of the transaction, the executive vice president now directly owns 43,930 shares of the company's stock, valued at approximately $20,339,590. The trade was a 6.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 135,743 shares of company stock worth $60,224,683 in the last three months. 0.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on MSFT. KeyCorp reissued a "sector weight" rating on shares of Microsoft in a research report on Thursday, April 17th. Tigress Financial boosted their price target on Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Mizuho boosted their price target on Microsoft from $475.00 to $500.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Stifel Nicolaus boosted their price target on Microsoft from $475.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, Citigroup boosted their price target on Microsoft from $540.00 to $605.00 and gave the stock a "buy" rating in a research report on Wednesday, June 11th. Four research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $515.68.

Microsoft Stock Performance

MSFT traded down $2.84 during trading on Friday, reaching $477.40. 37,241,095 shares of the company were exchanged, compared to its average volume of 21,515,262. The stock has a market cap of $3.55 trillion, a P/E ratio of 36.89, a PEG ratio of 2.43 and a beta of 1.03. The firm has a 50 day moving average of $437.84 and a 200 day moving average of $420.40. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $483.46.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. The firm had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The firm's revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.94 EPS. On average, sell-side analysts forecast that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

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

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.