Maridea Wealth Management LLC Makes New $2.54 Million Investment in Microsoft Co. (NASDAQ:MSFT)

Maridea Wealth Management LLC purchased a new position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,018 shares of the software giant's stock, valued at approximately $2,537,000. Microsoft accounts for about 0.8% of Maridea Wealth Management LLC's portfolio, making the stock its 22nd biggest position.

A number of other institutional investors also recently added to or reduced their stakes in MSFT. Adamsbrown Wealth Consultants LLC lifted its holdings in Microsoft by 2.2% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock valued at $2,515,000 after acquiring an additional 130 shares during the last quarter. Mcdaniel Terry & Co. lifted its stake in Microsoft by 6.1% during the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock valued at $133,023,000 after purchasing an additional 18,052 shares during the last quarter. 1900 Wealth Management LLC lifted its position in shares of Microsoft by 3.0% during the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock valued at $4,274,000 after acquiring an additional 294 shares during the last quarter. Unigestion Holding SA lifted its position in shares of Microsoft by 27.5% during the 3rd quarter. Unigestion Holding SA now owns 189,607 shares of the software giant's stock valued at $81,540,000 after acquiring an additional 40,890 shares during the last quarter. Finally, Northeast Financial Consultants Inc lifted its position in shares of Microsoft by 1.5% during the 3rd quarter. Northeast Financial Consultants Inc now owns 141,799 shares of the software giant's stock valued at $61,016,000 after acquiring an additional 2,120 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Westpark Capital reaffirmed a "hold" rating on shares of Microsoft in a report on Thursday, May 1st. BMO Capital Markets reaffirmed an "outperform" rating on shares of Microsoft in a research note on Wednesday, May 21st. Needham & Company LLC reaffirmed a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. The Goldman Sachs Group upped their price objective on shares of Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Finally, Scotiabank upped their price target on shares of Microsoft from $470.00 to $500.00 and gave the company a "sector outperform" rating in a research report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $513.59.

Insider Buying and Selling

In other Microsoft news, EVP Takeshi Numoto sold 3,000 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the sale, the executive vice president now owns 43,930 shares of the company's stock, valued at $20,339,590. The trade was a 6.39% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Bradford L. Smith sold 6,000 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the completion of the sale, the insider now directly owns 471,036 shares in the company, valued at $204,038,664.12. This trade represents a 1.26% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is owned by company insiders.

Microsoft Stock Performance

MSFT traded up $2.70 during trading on Friday, hitting $470.38. The stock had a trading volume of 15,271,762 shares, compared to its average volume of 21,523,496. The firm has a market cap of $3.50 trillion, a PE ratio of 37.87, a P/E/G ratio of 2.21 and a beta of 1.03. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $473.34. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The company has a 50 day simple moving average of $417.20 and a 200-day simple moving average of $416.68.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted 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 business had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The firm's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.94 earnings per share. Analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.71%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio is currently 25.66%.

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.