Rockline Wealth Management LLC Acquires 1,154 Shares of Microsoft Corporation (NASDAQ:MSFT)

Key Points

• Rockline Wealth Management LLC increased its stake in Microsoft Corporation by 2.1%, acquiring an additional 1,154 shares, bringing its total to 55,960 shares, valued at approximately $21 million.
• Microsoft recently announced a quarterly dividend of $0.83 per share, representing an annualized yield of 0.65% and a payout ratio of 25.66%.
• Analysts have shown increased confidence in Microsoft, with 29 buy ratings and improvements in price targets, while the stock recently traded at $512.50 and has a market capitalization of $3.81 trillion.

Rockline Wealth Management LLC increased its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 2.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,960 shares of the software giant's stock after purchasing an additional 1,154 shares during the quarter. Microsoft makes up 5.8% of Rockline Wealth Management LLC's holdings, making the stock its 3rd largest position. Rockline Wealth Management LLC's holdings in Microsoft were worth $21,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Fosun International Ltd raised its position 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 acquiring an additional 23 shares in the last quarter. Muirfield Wealth Advisors LLC increased its holdings in shares of Microsoft by 0.5% during the 4th quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock valued at $1,866,000 after purchasing an additional 24 shares in the last quarter. Retirement Financial Solutions LLC lifted its stake in shares of Microsoft by 2.3% in the 4th quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock valued at $443,000 after purchasing an additional 24 shares during the period. Kuhn & Co Investment Counsel boosted its holdings in Microsoft by 0.8% during the fourth quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock worth $1,385,000 after buying an additional 25 shares in the last quarter. Finally, Alliance Wealth Management Group raised its holdings in Microsoft by 0.4% in the 4th quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock worth $2,368,000 after purchasing an additional 25 shares during the period. Institutional investors own 71.13% of the company's stock.

Insider Activity at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of Microsoft stock in a transaction that occurred on 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 transaction, the insider directly owned 471,036 shares of the company's stock, valued at $204,038,664.12. The trade was a 1.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Takeshi Numoto sold 3,000 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the sale, the executive vice president owned 43,930 shares in the company, valued at approximately $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Performance

Shares of Microsoft stock traded up $21.65 during trading hours on Thursday, hitting $534.89. 22,422,721 shares of the company were exchanged, compared to its average volume of 22,175,734. The stock has a market capitalization of $3.98 trillion, a price-to-earnings ratio of 41.43, a P/E/G ratio of 2.33 and a beta of 1.04. The business has a 50-day moving average of $486.89 and a 200-day moving average of $433.33. The company has a current ratio of 1.37, a quick ratio of 1.36 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 $555.45.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The software giant reported $3.65 EPS for the quarter, topping the consensus estimate of $3.35 by $0.30. The business had revenue of $76.44 billion for the quarter, compared to analyst estimates of $73.79 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The company's quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.95 EPS. As a group, analysts expect that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.62%. Microsoft's payout ratio is 25.66%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barclays restated an "overweight" rating and set a $625.00 price objective (up from $550.00) on shares of Microsoft in a research report on Thursday. Guggenheim reiterated a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Stifel Nicolaus increased their target price on Microsoft from $500.00 to $550.00 and gave the company a "buy" rating in a report on Monday. Sanford C. Bernstein boosted their price target on Microsoft from $540.00 to $637.00 and gave the stock an "outperform" rating in a research report on Thursday. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $525.00 price objective on shares of Microsoft in a report on Friday, May 23rd. Three investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the company's stock. According to data from MarketBeat.com, Microsoft has an average rating of "Moderate Buy" and a consensus price target of $598.61.

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.