Microsoft Corporation (NASDAQ:MSFT) Shares Bought by CVA Family Office LLC

CVA Family Office LLC raised its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 2.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,797 shares of the software giant's stock after acquiring an additional 592 shares during the quarter. Microsoft accounts for about 1.4% of CVA Family Office LLC's holdings, making the stock its 14th biggest position. CVA Family Office LLC's holdings in Microsoft were worth $9,308,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fosun International Ltd increased its holdings in Microsoft by 0.3% during 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 during the period. Muirfield Wealth Advisors LLC boosted its stake in Microsoft by 0.5% in the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock valued at $1,866,000 after acquiring an additional 24 shares in the last quarter. Retirement Financial Solutions LLC boosted its stake in Microsoft by 2.3% in the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock valued at $443,000 after acquiring an additional 24 shares in the last quarter. Kuhn & Co Investment Counsel boosted 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 valued at $1,385,000 after acquiring an additional 25 shares in the last quarter. Finally, Alliance Wealth Management Group boosted its stake in Microsoft by 0.4% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Price Performance

Shares of MSFT stock traded down $1.65 on Friday, reaching $510.05. 21,075,124 shares of the company were exchanged, compared to its average volume of 21,610,163. The company has a market cap of $3.79 trillion, a price-to-earnings ratio of 39.42, a P/E/G ratio of 2.30 and a beta of 1.04. The business has a 50-day moving average price of $476.35 and a 200 day moving average price of $427.88. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $515.46.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The company had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. During the same quarter in the prior year, the company earned $2.94 EPS. Microsoft's revenue was up 13.3% compared to the same quarter last year. Equities research analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

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 dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.65%. Microsoft's dividend payout ratio is presently 25.66%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on MSFT shares. UBS Group restated a "positive" rating on shares of Microsoft in a research note on Monday, June 30th. Wells Fargo & Company raised their target price on shares of Microsoft from $565.00 to $585.00 and gave the company an "overweight" rating in a research note on Wednesday, June 25th. Scotiabank lifted their price objective on shares of Microsoft from $470.00 to $500.00 and gave the stock a "sector outperform" rating in a research note on Thursday, May 1st. Tigress Financial lifted their price objective on shares of Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Finally, DA Davidson lifted their price objective on shares of Microsoft from $500.00 to $600.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Four research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $541.79.

Insider Activity at Microsoft

In related news, insider Bradford L. Smith sold 6,000 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the completion of the sale, the insider owned 471,036 shares of the company's stock, valued at approximately $204,038,664.12. This represents a 1.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Takeshi Numoto sold 3,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the sale, the executive vice president directly owned 43,930 shares of the company's stock, valued at approximately $20,339,590. This represents a 6.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock worth $60,224,683 in the last 90 days. 0.03% of the stock is owned by insiders.

About Microsoft

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.