Microsoft Corporation (NASDAQ:MSFT) Shares Purchased by Red Door Wealth Management LLC

Red Door Wealth Management LLC increased its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 2.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 60,763 shares of the software giant's stock after purchasing an additional 1,375 shares during the period. Microsoft makes up 3.4% of Red Door Wealth Management LLC's holdings, making the stock its 5th largest position. Red Door Wealth Management LLC's holdings in Microsoft were worth $22,810,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Ball & Co Wealth Management Inc. bought a new stake in shares of Microsoft in the 4th quarter valued at about $31,000. Newton One Investments LLC raised its holdings in shares of Microsoft by 66.7% in the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock valued at $28,000 after purchasing an additional 30 shares during the period. LSV Asset Management bought a new position in Microsoft in the 4th quarter valued at about $44,000. Fairway Wealth LLC bought a new position in Microsoft in the 4th quarter valued at about $62,000. Finally, IFS Advisors LLC raised its holdings in Microsoft by 50.0% in the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock valued at $57,000 after acquiring an additional 50 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Kathleen T. Hogan sold 21,500 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the transaction, the executive vice president owned 134,888 shares of the company's stock, valued at approximately $61,208,127.76. This trade represents a 13.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Takeshi Numoto sold 4,850 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $527.32, for a total transaction of $2,557,502.00. Following the transaction, the executive vice president directly owned 39,111 shares of the company's stock, valued at $20,624,012.52. The trade was a 11.03% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,350 shares of company stock valued at $21,493,447. Insiders own 0.03% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Bank of America increased their price target on shares of Microsoft from $585.00 to $640.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Piper Sandler increased their price target on shares of Microsoft from $600.00 to $650.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Cantor Fitzgerald increased their price target on shares of Microsoft from $581.00 to $639.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Stifel Nicolaus increased their price target on shares of Microsoft from $500.00 to $550.00 and gave the company a "buy" rating in a report on Monday, July 28th. Finally, JPMorgan Chase & Co. increased their price target on shares of Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $609.86.

Microsoft Stock Performance

Shares of Microsoft stock opened at $520.58 on Thursday. The company's 50 day moving average price is $500.51 and its two-hundred day moving average price is $439.91. The firm has a market capitalization of $3.87 trillion, a P/E ratio of 38.17, a P/E/G ratio of 2.32 and a beta of 1.06. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $555.45. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.35 by $0.30. The firm had revenue of $76.44 billion during the quarter, compared to the consensus estimate of $73.79 billion. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The company's revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.95 earnings per share. On average, equities analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders 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 dividend yield of 0.6%. Microsoft's dividend payout ratio (DPR) is presently 24.34%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.