Microsoft Corporation (NASDAQ:MSFT) Stock Holdings Increased by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC raised its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 0.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 369,773 shares of the software giant's stock after purchasing an additional 895 shares during the quarter. Microsoft accounts for about 2.8% of Miracle Mile Advisors LLC's portfolio, making the stock its 8th largest position. Miracle Mile Advisors LLC's holdings in Microsoft were worth $138,809,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of MSFT. WFA Asset Management Corp lifted its holdings in shares of Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after acquiring an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. lifted its holdings in shares of Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after acquiring an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC lifted its holdings in shares of Microsoft by 410.4% in the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after acquiring an additional 2,138 shares during the last quarter. Wealth Group Ltd. lifted its holdings in shares of Microsoft by 1.2% in the 4th quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant's stock worth $1,000,000 after acquiring an additional 28 shares during the last quarter. Finally, Tallon Kerry Patrick bought a new stake in shares of Microsoft in the 4th quarter worth about $1,375,000. Institutional investors own 71.13% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Guggenheim restated a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. BMO Capital Markets restated an "outperform" rating on shares of Microsoft in a report on Wednesday, May 21st. The Goldman Sachs Group raised their target price on shares of Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Bank of America lowered their target price on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, Raymond James Financial lifted their price objective on shares of Microsoft from $480.00 to $490.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $524.71.

Insider Transactions at Microsoft

In other Microsoft news, EVP Judson Althoff sold 16,000 shares of the business's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the sale, the executive vice president owned 98,010 shares of the company's stock, valued at approximately $44,906,221.80. The trade was a 14.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kathleen T. Hogan sold 21,500 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the sale, the executive vice president directly owned 134,888 shares in the company, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Down 0.2%

Shares of Microsoft stock traded down $1.10 on Tuesday, reaching $496.62. The stock had a trading volume of 11,831,573 shares, compared to its average volume of 21,644,968. The company has a 50 day moving average price of $463.54 and a 200 day moving average price of $423.91. 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 1 year low of $344.79 and a 1 year high of $500.76. The stock has a market capitalization of $3.69 trillion, a P/E ratio of 38.38, a P/E/G ratio of 2.26 and a beta of 1.04.

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

Microsoft Announces Dividend

The company also recently disclosed 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. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's payout ratio is currently 25.66%.

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.