Long Run Wealth Advisors LLC Acquires 1,854 Shares of Microsoft Corporation (NASDAQ:MSFT)

Long Run Wealth Advisors LLC increased its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 13.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,146 shares of the software giant's stock after purchasing an additional 1,854 shares during the quarter. Microsoft comprises about 1.4% of Long Run Wealth Advisors LLC's portfolio, making the stock its 19th biggest position. Long Run Wealth Advisors LLC's holdings in Microsoft were worth $6,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Brand Asset Management Group Inc. grew its stake in shares of Microsoft by 1.4% during the first quarter. Brand Asset Management Group Inc. now owns 4,569 shares of the software giant's stock worth $1,715,000 after purchasing an additional 65 shares during the period. TruWealth Advisors LLC increased its stake in shares of Microsoft by 3.6% in the 1st quarter. TruWealth Advisors LLC now owns 92,172 shares of the software giant's stock valued at $34,601,000 after acquiring an additional 3,232 shares during the last quarter. Granite Bay Wealth Management LLC raised its position in shares of Microsoft by 8.7% in the 1st quarter. Granite Bay Wealth Management LLC now owns 18,947 shares of the software giant's stock valued at $7,113,000 after acquiring an additional 1,510 shares during the period. Firethorn Wealth Partners LLC grew its holdings in Microsoft by 7.3% during the first quarter. Firethorn Wealth Partners LLC now owns 10,449 shares of the software giant's stock valued at $3,922,000 after purchasing an additional 714 shares during the period. Finally, Sendero Wealth Management LLC increased its stake in Microsoft by 10.4% in the first quarter. Sendero Wealth Management LLC now owns 48,299 shares of the software giant's stock valued at $18,131,000 after purchasing an additional 4,552 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Performance

NASDAQ:MSFT traded up $7.16 on Thursday, hitting $498.25. The company's stock had a trading volume of 13,984,829 shares, compared to its average volume of 21,692,275. Microsoft Corporation has a one year low of $344.79 and a one year high of $500.76. The firm has a market capitalization of $3.70 trillion, a P/E ratio of 38.50, a price-to-earnings-growth ratio of 2.22 and a beta of 1.04. The stock has a fifty day moving average of $457.07 and a two-hundred day moving average of $423.04. 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 (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.24. The firm had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The company's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.94 EPS. Research analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The company 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 dividend yield of 0.67%. Microsoft's dividend payout ratio is 25.66%.

Insider Activity

In related news, EVP Takeshi Numoto sold 3,000 shares of the firm's stock in a transaction on 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 sale, the executive vice president owned 43,930 shares of the company's stock, valued at $20,339,590. This trade represents a 6.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of the business's 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 sale, the executive vice president directly owned 134,888 shares in the company, valued at $61,208,127.76. The trade was a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 135,743 shares of company stock valued at $60,224,683. Corporate insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on MSFT shares. Royal Bank Of Canada reissued an "outperform" rating and set a $525.00 price target on shares of Microsoft in a research report on Friday, May 23rd. Wells Fargo & Company raised their price target on Microsoft from $565.00 to $585.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 25th. TD Securities boosted their price objective on Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Guggenheim reissued a "neutral" rating on shares of Microsoft in a research note on Thursday, May 1st. Finally, Cantor Fitzgerald lifted their price target on shares of Microsoft from $502.00 to $512.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, Microsoft presently has a consensus rating of "Moderate Buy" and an average price target of $524.71.

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.