Relyea Zuckerberg Hanson LLC Has $20.09 Million Stake in Microsoft Corporation (NASDAQ:MSFT)

Relyea Zuckerberg Hanson LLC cut its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 6.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 53,524 shares of the software giant's stock after selling 3,749 shares during the period. Microsoft makes up 2.7% of Relyea Zuckerberg Hanson LLC's holdings, making the stock its 7th largest position. Relyea Zuckerberg Hanson LLC's holdings in Microsoft were worth $20,093,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Adamsbrown Wealth Consultants LLC increased its stake in Microsoft by 2.2% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock worth $2,515,000 after acquiring an additional 130 shares during the last quarter. Mcdaniel Terry & Co. boosted its holdings in Microsoft by 6.1% in the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock valued at $133,023,000 after purchasing an additional 18,052 shares during the period. 1900 Wealth Management LLC boosted its holdings in Microsoft by 3.0% in the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock valued at $4,274,000 after purchasing an additional 294 shares during the period. Strategic Financial Services Inc. boosted its holdings in Microsoft by 7.8% in the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock valued at $7,345,000 after purchasing an additional 1,268 shares during the period. Finally, Elevate Wealth Advisory Inc. boosted its holdings in Microsoft by 147.9% in the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock valued at $737,000 after purchasing an additional 1,043 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MSFT has been the subject of a number of recent research reports. Guggenheim reiterated a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Benchmark reaffirmed a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $525.00 price target on shares of Microsoft in a report on Friday, May 23rd. Jefferies Financial Group lifted their price target on Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Finally, Scotiabank lifted their price target on Microsoft from $470.00 to $500.00 and gave the stock a "sector outperform" rating in a report on Thursday, May 1st. 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 MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $538.04.

Insiders Place Their Bets

In related news, EVP Kathleen T. Hogan sold 21,500 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the transaction, the executive vice president directly owned 134,888 shares of the company's stock, valued at approximately $61,208,127.76. This trade represents a 13.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 value of $5,985,968.43. Following the completion of the sale, the executive vice president owned 43,100 shares of the company's stock, valued at approximately $19,481,631. This represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,743 shares of company stock worth $60,224,683. Corporate insiders own 0.03% of the company's stock.

Microsoft Price Performance

Shares of MSFT traded up $6.75 on Thursday, reaching $512.37. The stock had a trading volume of 8,677,880 shares, compared to its average volume of 21,579,065. The firm has a 50-day moving average of $474.88 and a 200 day moving average of $427.28. The firm has a market capitalization of $3.81 trillion, a PE ratio of 39.63, a PEG ratio of 2.30 and a beta of 1.04. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $513.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. The firm had revenue of $70.07 billion for the quarter, compared to analysts' expectations 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 quarter in the prior year, the firm earned $2.94 EPS. Sell-side analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The firm 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. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio is presently 25.66%.

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.