Michels Family Financial LLC Makes New Investment in Microsoft Corporation (NASDAQ:MSFT)

Michels Family Financial LLC acquired a new position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,351 shares of the software giant's stock, valued at approximately $991,000.

Other large investors also recently modified their holdings of the company. Ball & Co Wealth Management Inc. bought a new stake in Microsoft during the fourth quarter worth about $31,000. Fiduciary Advisors Inc. purchased a new stake in Microsoft in the fourth quarter worth $38,000. IFS Advisors LLC lifted its position in shares of Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after purchasing an additional 35 shares during the period. LSV Asset Management purchased a new stake in Microsoft in the fourth quarter worth about $44,000. Finally, Fairway Wealth LLC bought a new stake in shares of Microsoft during the fourth quarter valued at approximately $62,000. 71.13% of the stock is currently owned by institutional investors.

Microsoft Price Performance

Shares of NASDAQ:MSFT traded down $2.84 on Friday, reaching $477.40. The company's stock had a trading volume of 37,241,095 shares, compared to its average volume of 21,559,872. The company has a 50-day simple moving average of $436.07 and a 200 day simple moving average of $420.16. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $483.25. The company has a market cap of $3.55 trillion, a P/E ratio of 36.89, a PEG ratio of 2.44 and a beta of 1.03.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.24. The business had revenue of $70.07 billion for 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 business's revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.94 earnings per share. As a group, equities research analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a $0.83 dividend. 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 25.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Morgan Stanley reissued an "overweight" rating on shares of Microsoft in a research note on Wednesday, June 4th. JPMorgan Chase & Co. increased their price objective on Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. DA Davidson lifted their target price on shares of Microsoft from $450.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Guggenheim restated a "neutral" rating on shares of Microsoft in a research note on Thursday, May 1st. Finally, Jefferies Financial Group upped their price objective on Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $515.68.

Insider Activity at Microsoft

In related news, EVP Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction dated Friday, May 30th. The stock was 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 in the company, valued at $21,647,150.58. The trade was a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Bradford L. Smith sold 6,000 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 471,036 shares in the company, valued at approximately $204,038,664.12. This represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock worth $60,224,683 in the last 90 days. 0.03% of the stock is owned by corporate insiders.

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.