BigSur Wealth Management LLC Grows Position in Microsoft Corporation (NASDAQ:MSFT)

BigSur Wealth Management LLC raised its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 14.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,972 shares of the software giant's stock after purchasing an additional 1,002 shares during the quarter. BigSur Wealth Management LLC's holdings in Microsoft were worth $2,993,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. WFA Asset Management Corp increased its holdings in Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock valued at $427,000 after purchasing an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. boosted its position in shares of Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after buying an additional 38 shares during the period. Discipline Wealth Solutions LLC boosted its position in shares of Microsoft by 410.4% during the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after buying an additional 2,138 shares during the period. Wealth Group Ltd. boosted its position in shares of Microsoft by 1.2% during the fourth quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant's stock worth $1,000,000 after buying an additional 28 shares during the period. Finally, Tallon Kerry Patrick bought a new position in Microsoft in the fourth quarter valued at approximately $1,375,000. Institutional investors own 71.13% of the company's stock.

Insider Buying and Selling

In related news, EVP Amy Coleman sold 13,243 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the transaction, the executive vice president directly owned 43,100 shares of the company's stock, valued at $19,481,631. This represents a 23.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Judson Althoff sold 16,000 shares of the stock in a transaction on Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the completion of the sale, the executive vice president owned 98,010 shares in the company, valued at $44,906,221.80. The trade was a 14.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock worth $60,224,683 over the last ninety days. Corporate insiders own 0.03% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Citigroup lifted their price target on Microsoft from $540.00 to $605.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Westpark Capital reissued a "hold" rating on shares of Microsoft in a report on Thursday, May 1st. Benchmark reissued a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Bank of America lifted their price target on Microsoft from $515.00 to $585.00 and gave the stock a "buy" rating in a report on Friday. Finally, Stifel Nicolaus lifted their price target on Microsoft from $475.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to MarketBeat, Microsoft presently has a consensus rating of "Moderate Buy" and a consensus price target of $541.79.

Microsoft Trading Down 0.3%

NASDAQ:MSFT traded down $1.65 during trading hours on Friday, reaching $510.05. The company's stock had a trading volume of 21,120,811 shares, compared to its average volume of 21,618,181. 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 $514.64. The firm has a 50-day simple moving average of $477.78 and a 200-day simple moving average of $428.54. The firm has a market capitalization of $3.79 trillion, a price-to-earnings ratio of 39.42, a PEG ratio of 2.32 and a beta of 1.04.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. 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 prior year, the business earned $2.94 EPS. The business's revenue for the quarter was up 13.3% on a year-over-year basis. Research analysts expect that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

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

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.