BIP Wealth LLC Decreases Stock Position in Microsoft Corporation (NASDAQ:MSFT)

BIP Wealth LLC decreased its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,005 shares of the software giant's stock after selling 633 shares during the quarter. BIP Wealth LLC's holdings in Microsoft were worth $5,903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of MSFT. WFA Asset Management Corp lifted its position in Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock valued at $427,000 after purchasing an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. grew its stake in shares of Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after purchasing an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC lifted its holdings in Microsoft by 410.4% in the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after buying an additional 2,138 shares during the period. Global Wealth Strategies & Associates grew its position in shares of Microsoft by 4.9% in the 4th quarter. Global Wealth Strategies & Associates now owns 3,143 shares of the software giant's stock worth $1,325,000 after buying an additional 146 shares during the last quarter. Finally, Trust Co of the South raised its holdings in shares of Microsoft by 27.2% during the fourth quarter. Trust Co of the South now owns 19,411 shares of the software giant's stock valued at $8,182,000 after acquiring an additional 4,147 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Stock Down 0.2%

NASDAQ MSFT traded down $1.10 on Tuesday, hitting $478.04. 15,377,602 shares of the stock were exchanged, compared to its average volume of 21,491,260. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $480.69. The company has a 50-day moving average price of $430.54 and a 200-day moving average price of $418.94. The company has a market cap of $3.55 trillion, a PE ratio of 37.03, a PEG ratio of 2.44 and a beta of 1.03. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating the consensus estimate of $3.22 by $0.24. The firm had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. Microsoft's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.94 earnings per share. Sell-side analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.69%. Microsoft's dividend payout ratio (DPR) is 25.66%.

Insider Buying and Selling

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 completion of the transaction, the insider now directly owns 471,036 shares of the company's stock, valued at approximately $204,038,664.12. This represents a 1.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the sale, the executive vice president now owns 43,100 shares in the company, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,743 shares of company stock worth $60,224,683 in the last 90 days. Company insiders own 0.03% of the company's stock.

Analyst Ratings Changes

MSFT has been the topic of several analyst reports. Guggenheim reissued a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Mizuho raised their target price on shares of Microsoft from $475.00 to $500.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Benchmark reiterated a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Barclays lifted their price target on Microsoft from $430.00 to $494.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, KeyCorp reiterated a "sector weight" rating on shares of Microsoft in a research note on Thursday, April 17th. Five analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to MarketBeat, Microsoft presently has a consensus rating of "Moderate Buy" and an average price target of $515.68.

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.