Premier Path Wealth Partners LLC Has $19.34 Million Holdings in Microsoft Corporation (NASDAQ:MSFT)

Premier Path Wealth Partners LLC reduced its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 51,511 shares of the software giant's stock after selling 879 shares during the quarter. Microsoft comprises 3.0% of Premier Path Wealth Partners LLC's holdings, making the stock its 3rd biggest position. Premier Path Wealth Partners LLC's holdings in Microsoft were worth $19,337,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Newton One Investments LLC grew its position in shares of Microsoft by 66.7% in the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock valued at $28,000 after purchasing an additional 30 shares during the period. Ball & Co Wealth Management Inc. acquired a new position in shares of Microsoft in the 4th quarter valued at approximately $31,000. LSV Asset Management acquired a new position in shares of Microsoft in the 4th quarter valued at approximately $44,000. IFS Advisors LLC grew its position in shares of Microsoft by 50.0% in the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock valued at $57,000 after purchasing an additional 50 shares during the period. Finally, Fairway Wealth LLC acquired a new position in shares of Microsoft in the 4th quarter valued at approximately $62,000. 71.13% of the stock is owned by institutional investors.

Microsoft Price Performance

Shares of MSFT traded up $2.83 during trading hours on Friday, hitting $513.71. 19,103,456 shares of the company were exchanged, compared to its average volume of 16,594,816. The company has a market cap of $3.82 trillion, a price-to-earnings ratio of 39.70, a P/E/G ratio of 2.32 and a beta of 1.04. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $518.29. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. The firm's fifty day moving average is $483.52 and its 200 day moving average is $431.47.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.24. The company 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 quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.94 EPS. On average, equities analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.65%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. The Goldman Sachs Group upped their price target on Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Stifel Nicolaus upped their price target on Microsoft from $475.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Westpark Capital reaffirmed a "hold" rating on shares of Microsoft in a research report on Thursday, May 1st. Oppenheimer raised Microsoft from a "market perform" rating to an "outperform" rating and set a $600.00 price target for the company in a research report on Wednesday, July 9th. Finally, UBS Group upped their price target on Microsoft from $500.00 to $600.00 and gave the stock a "buy" rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $551.21.

Insiders Place Their Bets

In related news, EVP Judson Althoff sold 16,000 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the sale, the executive vice president directly owned 98,010 shares of the company's stock, valued at $44,906,221.80. This trade represents a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Bradford L. Smith sold 6,000 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the sale, the insider directly owned 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 disclosure for this sale can be found here. Insiders sold a total of 135,743 shares of company stock valued at $60,224,683 over the last ninety days. 0.03% of the stock is owned by insiders.

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.