Sterling Investment Counsel LLC raised its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 114.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,519 shares of the software giant's stock after buying an additional 9,368 shares during the period. Microsoft comprises about 2.3% of Sterling Investment Counsel LLC's investment portfolio, making the stock its 9th biggest holding. Sterling Investment Counsel LLC's holdings in Microsoft were worth $6,577,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of MSFT. WFA Asset Management Corp lifted its holdings in shares of Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock valued at $427,000 after buying an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. lifted its holdings in shares of Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock valued at $5,658,000 after buying an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC lifted its holdings in shares of Microsoft by 410.4% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock valued at $1,144,000 after buying an additional 2,138 shares during the last quarter. Wealth Group Ltd. lifted its holdings in shares of Microsoft by 1.2% during the 4th quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant's stock valued at $1,000,000 after buying an additional 28 shares during the last quarter. Finally, Tallon Kerry Patrick acquired a new stake in shares of Microsoft during the 4th quarter valued at about $1,375,000. Institutional investors and hedge funds own 71.13% of the company's stock.
Microsoft Stock Performance
Shares of NASDAQ:MSFT opened at $513.71 on Friday. The business's fifty day moving average price is $483.52 and its two-hundred day moving average price is $431.47. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $518.29. The stock has a market capitalization of $3.82 trillion, a price-to-earnings ratio of 39.70, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36.
Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating 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 analysts' expectations of $68.54 billion. During the same period in the prior year, the business posted $2.94 earnings per share. The business's revenue was up 13.3% compared to the same quarter last year. As a group, analysts predict that Microsoft Corporation will post 13.08 EPS for the current fiscal year.
Microsoft Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders 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 yield of 0.65%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is 25.66%.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on MSFT. KeyCorp reiterated a "sector weight" rating on shares of Microsoft in a report on Thursday, April 17th. The Goldman Sachs Group boosted their target price on Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Evercore ISI boosted their target price on Microsoft from $515.00 to $545.00 and gave the stock an "outperform" rating in a report on Friday. Citigroup boosted their target price on Microsoft from $605.00 to $613.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, Needham & Company LLC restated a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $551.21.
Read Our Latest Analysis on Microsoft
Insider Transactions at Microsoft
In other Microsoft news, EVP Judson Althoff sold 16,000 shares of the company's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the sale, the executive vice president directly owned 98,010 shares in the company, valued at $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the sale, the executive vice president owned 43,100 shares in the company, valued at $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is owned by insiders.
Microsoft Company Profile
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Free Report)
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.
See Also
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