GC Wealth Management RIA LLC Has $22.72 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

GC Wealth Management RIA LLC decreased its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,895 shares of the software giant's stock after selling 1,507 shares during the period. Microsoft accounts for approximately 4.0% of GC Wealth Management RIA LLC's portfolio, making the stock its 3rd biggest position. GC Wealth Management RIA LLC's holdings in Microsoft were worth $22,717,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC lifted its position 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 worth $7,096,913,000 after buying an additional 16,788,816 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Microsoft by 76.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant's stock worth $4,439,407,000 after buying an additional 4,568,539 shares during the last quarter. Geode Capital Management LLC lifted 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 worth $70,790,682,000 after buying an additional 3,264,648 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Microsoft by 4.1% in the third 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 worth $23,490,417,000 after buying an additional 2,125,030 shares during the last quarter. Finally, Strategic Financial Concepts LLC lifted its position in shares of Microsoft by 43,900.4% during the 4th quarter. Strategic Financial Concepts LLC now owns 2,042,499 shares of the software giant's stock worth $860,913,000 after purchasing an additional 2,037,857 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Scotiabank boosted their price target on Microsoft from $470.00 to $500.00 and gave the company a "sector outperform" rating in a research note on Thursday, May 1st. Royal Bank of Canada boosted their price target on Microsoft from $500.00 to $525.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. TD Securities upped their price objective on Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. DA Davidson upped their price objective on Microsoft from $450.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Finally, Guggenheim reiterated a "neutral" rating on shares of Microsoft in a research note on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to MarketBeat.com, Microsoft currently has a consensus rating of "Moderate Buy" and an average target price of $510.30.

Microsoft Stock Up 1.0%

Shares of NASDAQ MSFT traded up $4.60 during midday trading on Monday, hitting $458.87. The stock had a trading volume of 21,313,890 shares, compared to its average volume of 21,562,400. The business's 50 day moving average is $395.33 and its 200-day moving average is $412.34. The company has a market cap of $3.41 trillion, a P/E ratio of 36.95, a PEG ratio of 2.21 and a beta of 0.99. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

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

Microsoft Dividend Announcement

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

Insider Activity at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of the stock in a transaction 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Amy Coleman sold 13,243 shares of the stock in a transaction 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 transaction, the executive vice president now owns 43,100 shares of the company's stock, valued at $19,481,631. This trade represents a 23.50% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 94,243 shares of company stock valued at $41,288,738. Corporate insiders own 0.03% of the company's stock.

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.