Seven Mile Advisory Has $6.85 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Seven Mile Advisory boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 9.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,258 shares of the software giant's stock after buying an additional 1,435 shares during the period. Microsoft makes up about 4.4% of Seven Mile Advisory's portfolio, making the stock its 5th largest position. Seven Mile Advisory's holdings in Microsoft were worth $6,853,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Microsoft by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock worth $288,336,224,000 after buying an additional 10,431,988 shares during the last quarter. Geode Capital Management LLC raised its holdings 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 purchasing an additional 3,264,648 shares during the last quarter. Norges Bank purchased a new stake in shares of Microsoft in the fourth quarter valued at about $44,343,058,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Microsoft by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 49,052,704 shares of the software giant's stock valued at $20,675,715,000 after purchasing an additional 1,823,579 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Microsoft by 1.1% in the third quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant's stock valued at $16,104,959,000 after purchasing an additional 406,940 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Stock Performance

NASDAQ:MSFT traded up $2.70 on Friday, reaching $470.38. 15,271,762 shares of the company's stock were exchanged, compared to its average volume of 21,523,496. 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 firm has a market cap of $3.50 trillion, a price-to-earnings ratio of 37.87, a P/E/G ratio of 2.21 and a beta of 1.03. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $473.34. The stock has a fifty day simple moving average of $417.20 and a 200-day simple moving average of $416.67.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share 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 analyst estimates of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The company's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the business earned $2.94 earnings per share. As a group, sell-side analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.71%. Microsoft's dividend payout ratio (DPR) is currently 25.66%.

Insider Activity

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

Analyst Ratings Changes

Several analysts have recently commented on the stock. The Goldman Sachs Group increased their target price on shares of Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. JPMorgan Chase & Co. increased their target price on shares of Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Wall Street Zen upgraded shares of Microsoft from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Barclays increased their target price on shares of Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, Benchmark reiterated a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $513.59.

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.