Microsoft Corporation (NASDAQ:MSFT) is Omnia Family Wealth LLC's 9th Largest Position

Omnia Family Wealth LLC grew its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 20.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 14,355 shares of the software giant's stock after buying an additional 2,420 shares during the quarter. Microsoft makes up about 2.3% of Omnia Family Wealth LLC's investment portfolio, making the stock its 9th largest holding. Omnia Family Wealth LLC's holdings in Microsoft were worth $5,389,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. New World Advisors LLC lifted its holdings in Microsoft by 61.3% in the 1st quarter. New World Advisors LLC now owns 10,423 shares of the software giant's stock worth $3,913,000 after buying an additional 3,961 shares during the period. Cvfg LLC lifted its holdings in Microsoft by 2.4% in the 1st quarter. Cvfg LLC now owns 6,627 shares of the software giant's stock worth $2,488,000 after buying an additional 157 shares during the period. Generate Investment Management Ltd lifted its holdings in Microsoft by 7.5% in the 1st quarter. Generate Investment Management Ltd now owns 210,798 shares of the software giant's stock worth $79,131,000 after buying an additional 14,643 shares during the period. Live Oak Investment Partners lifted its holdings in Microsoft by 1.4% in the 1st quarter. Live Oak Investment Partners now owns 6,997 shares of the software giant's stock worth $2,627,000 after buying an additional 94 shares during the period. Finally, Alpine Bank Wealth Management purchased a new stake in Microsoft in the 1st quarter worth approximately $5,427,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on MSFT shares. Jefferies Financial Group raised their target price on Microsoft from $600.00 to $675.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. DA Davidson raised their target price on Microsoft from $600.00 to $650.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Wedbush raised their target price on Microsoft from $600.00 to $625.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Benchmark restated a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Finally, Barclays raised their target price on Microsoft from $550.00 to $625.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $609.86.

Microsoft Stock Performance

Shares of MSFT opened at $527.75 on Wednesday. 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 one year low of $344.79 and a one year high of $555.45. The firm has a market capitalization of $3.92 trillion, a P/E ratio of 38.69, a PEG ratio of 2.34 and a beta of 1.06. The business has a fifty day moving average of $492.99 and a 200 day moving average of $436.40.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The software giant reported $3.65 EPS for the quarter, topping the consensus estimate of $3.35 by $0.30. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The company had revenue of $76.44 billion during the quarter, compared to analyst estimates of $73.79 billion. During the same quarter in the previous year, the company posted $2.95 earnings per share. Microsoft's revenue was up 18.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

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

Insider Buying and Selling

In related news, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the transaction, the executive vice president directly owned 43,930 shares in the company, valued at approximately $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Judson Althoff sold 16,000 shares of Microsoft stock in a transaction on 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 transaction, the executive vice president owned 98,010 shares in the company, valued at $44,906,221.80. This trade represents a 14.03% 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 valued at $24,921,913 over the last three months. 0.03% of the stock is currently owned by company insiders.

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.

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