KG&L Capital Management LLC Raises Stock Position in Microsoft Corporation (NASDAQ:MSFT)

KG&L Capital Management LLC raised its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 15.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,959 shares of the software giant's stock after acquiring an additional 3,817 shares during the quarter. Microsoft makes up about 3.4% of KG&L Capital Management LLC's holdings, making the stock its 8th biggest holding. KG&L Capital Management LLC's holdings in Microsoft were worth $10,494,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of MSFT. Fosun International Ltd grew its stake in shares of Microsoft by 0.3% in the first quarter. Fosun International Ltd now owns 6,633 shares of the software giant's stock valued at $2,490,000 after buying an additional 23 shares in the last quarter. Retirement Financial Solutions LLC grew its holdings in Microsoft by 2.3% during the 4th quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock worth $443,000 after acquiring an additional 24 shares in the last quarter. Kuhn & Co Investment Counsel grew its stake in Microsoft by 0.8% in the fourth quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock worth $1,385,000 after purchasing an additional 25 shares in the last quarter. Alliance Wealth Management Group increased its holdings in shares of Microsoft by 0.4% in the 4th quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock valued at $2,368,000 after acquiring an additional 25 shares during the last quarter. Finally, Guidance Point Advisors LLC raised its holdings in shares of Microsoft by 0.6% during the fourth quarter. Guidance Point Advisors LLC now owns 4,294 shares of the software giant's stock worth $1,811,000 after purchasing an additional 25 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Microsoft news, EVP Judson Althoff sold 16,000 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $458.18, for a total value of $7,330,880.00. Following the completion of the sale, the executive vice president directly owned 98,010 shares of the company's stock, valued at approximately $44,906,221.80. This represents a 14.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Takeshi Numoto sold 3,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the sale, the executive vice president directly owned 43,930 shares of the company's stock, valued at $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,743 shares of company stock worth $24,921,913 over the last 90 days. Company insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MSFT. Needham & Company LLC reiterated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. UBS Group reissued a "buy" rating and set a $650.00 price target (up previously from $600.00) on shares of Microsoft in a report on Thursday, July 31st. Wedbush lifted their price objective on shares of Microsoft from $600.00 to $625.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Jefferies Financial Group upped their target price on shares of Microsoft from $600.00 to $675.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Sanford C. Bernstein boosted their price objective on Microsoft from $540.00 to $637.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Two analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company's stock. Based on data from MarketBeat.com, Microsoft currently has a consensus rating of "Moderate Buy" and a consensus target price of $609.86.

Microsoft Trading Down 0.8%

Shares of MSFT traded down $4.10 during trading hours on Thursday, hitting $520.84. 16,045,615 shares of the stock were exchanged, compared to its average volume of 19,850,260. The firm has a market capitalization of $3.87 trillion, a P/E ratio of 38.18, a price-to-earnings-growth ratio of 2.30 and a beta of 1.06. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $555.45. The business has a 50-day moving average of $495.59 and a 200-day moving average of $437.64.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The software giant reported $3.65 EPS for the quarter, topping analysts' consensus estimates of $3.35 by $0.30. The business had revenue of $76.44 billion during the quarter, compared to analysts' expectations of $73.79 billion. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The business's quarterly revenue was up 18.1% on a year-over-year basis. During the same period last year, the company posted $2.95 earnings per share. On average, research analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.6%. Microsoft's payout ratio is 24.34%.

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.