Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Arrowroot Family Office LLC

Arrowroot Family Office LLC grew its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 108.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,564 shares of the software giant's stock after acquiring an additional 2,894 shares during the period. Microsoft comprises 1.2% of Arrowroot Family Office LLC's portfolio, making the stock its 24th largest position. Arrowroot Family Office LLC's holdings in Microsoft were worth $2,345,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Aspire Growth Partners LLC bought a new position in Microsoft in the fourth quarter worth $5,543,000. Atalanta Sosnoff Capital LLC increased its position in shares of Microsoft by 2.8% during the fourth quarter. Atalanta Sosnoff Capital LLC now owns 816,331 shares of the software giant's stock valued at $344,084,000 after acquiring an additional 21,894 shares in the last quarter. Accredited Wealth Management LLC purchased a new stake in shares of Microsoft during the fourth quarter valued at $2,213,000. Advanced Portfolio Management LLC raised its holdings in shares of Microsoft by 125.1% during the fourth quarter. Advanced Portfolio Management LLC now owns 13,733 shares of the software giant's stock valued at $5,748,000 after purchasing an additional 7,632 shares during the last quarter. Finally, Alaethes Wealth LLC lifted its holdings in shares of Microsoft by 0.6% during the 4th quarter. Alaethes Wealth LLC now owns 20,354 shares of the software giant's stock valued at $8,579,000 after buying an additional 129 shares during the period. Hedge funds and other institutional investors own 71.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MSFT shares. Piper Sandler reissued an "overweight" rating on shares of Microsoft in a report on Wednesday, May 21st. The Goldman Sachs Group upped their target price on shares of Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. TD Securities lifted their price objective on Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Needham & Company LLC restated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Microsoft in a research note on Thursday, April 17th. Five research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $515.68.

Microsoft Stock Up 1.0%

MSFT traded up $4.75 on Monday, hitting $479.71. The company had a trading volume of 3,159,382 shares, compared to its average volume of 21,468,348. The stock has a fifty day moving average price of $428.05 and a 200-day moving average price of $418.55. The stock has a market capitalization of $3.57 trillion, a price-to-earnings ratio of 38.64, a P/E/G ratio of 2.21 and a beta of 1.03. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a 12-month low of $344.79 and a 12-month high of $480.64.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The company had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. During the same quarter in the previous year, the firm posted $2.94 EPS. The firm's revenue was up 13.3% compared to the same quarter last year. Analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal 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 issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

Insider Buying and Selling at Microsoft

In other news, insider Bradford L. Smith sold 6,000 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was 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 $204,038,664.12. This trade represents a 1.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Judson Althoff sold 16,000 shares of the company's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the transaction, the executive vice president now owns 98,010 shares of the company's stock, valued at approximately $44,906,221.80. This trade represents a 14.03% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,743 shares of company stock valued at $60,224,683. Corporate insiders own 0.03% of the company's stock.

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.