RWA Wealth Partners LLC Boosts Holdings in Microsoft Co. (NASDAQ:MSFT)

RWA Wealth Partners LLC increased its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 411,078 shares of the software giant's stock after buying an additional 23,318 shares during the quarter. Microsoft comprises approximately 2.1% of RWA Wealth Partners LLC's investment portfolio, making the stock its 9th biggest holding. RWA Wealth Partners LLC's holdings in Microsoft were worth $172,307,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Fiduciary Advisors Inc. purchased a new position in shares of Microsoft in the 4th quarter valued at about $38,000. IFS Advisors LLC grew its position in shares of Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after purchasing an additional 35 shares during the period. Avondale Wealth Management increased its stake in shares of Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after purchasing an additional 65 shares in the last quarter. Fairway Wealth LLC acquired a new position in shares of Microsoft during the 4th quarter worth about $62,000. Finally, Sellwood Investment Partners LLC acquired a new position in shares of Microsoft during the 4th quarter worth about $120,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Performance

Shares of Microsoft stock traded up $2.70 during trading on Friday, reaching $470.38. The company's stock had a trading volume of 15,271,762 shares, compared to its average volume of 21,491,705. Microsoft Co. has a one year low of $344.79 and a one year high of $473.29. The firm has a market cap of $3.50 trillion, a price-to-earnings ratio of 37.87, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03. The business's fifty day moving average price is $415.43 and its 200-day moving average price is $416.31. 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 (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data 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. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. 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 prior year, the company posted $2.94 EPS. The business's revenue was up 13.3% on a year-over-year basis. As a group, equities research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

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

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Amy Coleman sold 13,243 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value 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 Securities & Exchange Commission, which is available at this link. Also, insider Bradford L. Smith sold 75,000 shares of Microsoft stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total value 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 represents a 13.59% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 135,743 shares of company stock worth $60,224,683. Insiders own 0.03% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on MSFT. Royal Bank of Canada reissued an "outperform" rating and set a $525.00 target price on shares of Microsoft in a report on Friday, May 23rd. Westpark Capital reissued a "hold" rating on shares of Microsoft in a research note on Thursday, May 1st. Wells Fargo & Company raised their price target on shares of Microsoft from $500.00 to $515.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. DA Davidson increased their price objective on shares of Microsoft from $450.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Finally, Piper Sandler reissued an "overweight" rating on shares of Microsoft in a research note on Wednesday, May 21st. Four research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $513.13.

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.