Microsoft Corporation (NASDAQ:MSFT) is AlphaCore Capital LLC's 6th Largest Position

AlphaCore Capital LLC lifted its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,983 shares of the software giant's stock after acquiring an additional 864 shares during the period. Microsoft makes up about 2.6% of AlphaCore Capital LLC's holdings, making the stock its 6th largest holding. AlphaCore Capital LLC's holdings in Microsoft were worth $12,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Microsoft by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock valued at $288,336,224,000 after purchasing an additional 10,431,988 shares during the period. Geode Capital Management LLC boosted its stake in Microsoft by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 168,128,024 shares of the software giant's stock valued at $70,720,874,000 after buying an additional 3,103,212 shares during the period. Norges Bank purchased a new position in Microsoft during the fourth quarter worth about $44,343,058,000. Northern Trust Corp increased its stake in Microsoft by 16.1% in the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock worth $35,316,535,000 after acquiring an additional 11,600,470 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Microsoft by 9.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,961,337 shares of the software giant's stock worth $25,273,704,000 after acquiring an additional 5,370,546 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Trading Down 0.6%

MSFT traded down $2.84 during midday trading on Friday, reaching $477.40. 37,241,095 shares of the company's stock traded hands, compared to its average volume of 21,567,146. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $483.46. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. The firm has a fifty day moving average of $437.84 and a two-hundred day moving average of $420.47. The stock has a market capitalization of $3.55 trillion, a price-to-earnings ratio of 36.89, a P/E/G ratio of 2.44 and a beta of 1.03.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. The company had revenue of $70.07 billion during 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%. The firm's revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.94 earnings per share. On average, equities analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.70%. Microsoft's dividend payout ratio is 25.66%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MSFT. Bank of America dropped their price target on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Citigroup upped their target price on shares of Microsoft from $540.00 to $605.00 and gave the stock a "buy" rating in a research report on Wednesday, June 11th. Scotiabank increased their target price on Microsoft from $470.00 to $500.00 and gave the company a "sector outperform" rating in a research note on Thursday, May 1st. Guggenheim reiterated a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $525.00 price objective on shares of Microsoft in a report on Friday, May 23rd. Five investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. Based on data from MarketBeat, Microsoft presently has an average rating of "Moderate Buy" and a consensus price target of $515.68.

Insider Activity

In other news, insider Bradford L. Smith sold 75,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the insider now owns 476,999 shares in the company, valued at $207,995,413.95. This trade represents a 13.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of the company's 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 completion of the sale, the executive vice president now directly owns 134,888 shares in the company, valued at approximately $61,208,127.76. The trade was a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 135,743 shares of company stock valued at $60,224,683. Corporate insiders own 0.03% of the company's stock.

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.