Fox Hill Wealth Management Has $17.37 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Fox Hill Wealth Management decreased its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,214 shares of the software giant's stock after selling 1,375 shares during the quarter. Microsoft comprises approximately 9.8% of Fox Hill Wealth Management's investment portfolio, making the stock its biggest holding. Fox Hill Wealth Management's holdings in Microsoft were worth $17,372,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Proficio Capital Partners LLC lifted its holdings in shares of Microsoft by 34,643.3% in the fourth quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock valued at $7,096,913,000 after purchasing an additional 16,788,816 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Microsoft by 76.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant's stock valued at $4,439,407,000 after purchasing an additional 4,568,539 shares during the period. Geode Capital Management LLC raised its position in shares of Microsoft by 2.0% in the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock valued at $70,790,682,000 after buying an additional 3,264,648 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Microsoft by 4.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant's stock valued at $23,490,417,000 after buying an additional 2,125,030 shares during the period. Finally, Strategic Financial Concepts LLC boosted its stake in Microsoft by 43,900.4% in the fourth quarter. Strategic Financial Concepts LLC now owns 2,042,499 shares of the software giant's stock valued at $860,913,000 after buying an additional 2,037,857 shares in the last quarter. Institutional investors own 71.13% of the company's stock.

Microsoft Trading Up 0.4%

NASDAQ MSFT traded up $1.99 during trading on Thursday, hitting $459.35. 3,257,230 shares of the company's stock traded hands, compared to its average volume of 21,519,618. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The stock has a fifty day moving average of $406.41 and a two-hundred day moving average of $414.59. The firm has a market cap of $3.41 trillion, a P/E ratio of 36.97, a PEG ratio of 2.21 and a beta of 0.99. Microsoft Co. has a 12-month low of $344.79 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. The company had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. Microsoft's revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.94 EPS. As a group, sell-side analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.72%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio is currently 25.66%.

Insider Buying and Selling

In other news, EVP Amy Coleman sold 13,243 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the sale, the executive vice president now owns 43,100 shares in the company, valued at $19,481,631. This represents a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Bradford L. Smith sold 75,000 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the sale, the insider now directly owns 476,999 shares of the company's stock, valued at $207,995,413.95. This trade represents a 13.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 131,743 shares of company stock worth $58,375,673 in the last three months. 0.03% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Benchmark reissued a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Westpark Capital reiterated a "hold" rating on shares of Microsoft in a report on Thursday, May 1st. BMO Capital Markets reiterated an "outperform" rating on shares of Microsoft in a research note on Wednesday, May 21st. Citigroup raised their price target on shares of Microsoft from $480.00 to $540.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Finally, KeyCorp reissued a "sector weight" rating on shares of Microsoft in a research report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $513.13.

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.