Microsoft Corporation (NASDAQ:MSFT) Stock Holdings Lowered by Fortitude Family Office LLC

Fortitude Family Office LLC decreased its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 27.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,200 shares of the software giant's stock after selling 2,302 shares during the quarter. Microsoft comprises about 0.8% of Fortitude Family Office LLC's investment portfolio, making the stock its 25th biggest position. Fortitude Family Office LLC's holdings in Microsoft were worth $2,327,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Ball & Co Wealth Management Inc. acquired a new position in shares of Microsoft during the fourth quarter worth approximately $31,000. Fiduciary Advisors Inc. acquired a new position in Microsoft during the fourth quarter worth $38,000. LSV Asset Management acquired a new position in Microsoft during the fourth quarter worth $44,000. IFS Advisors LLC grew its position in shares of Microsoft by 50.0% in the first quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock valued at $57,000 after purchasing an additional 50 shares during the last quarter. Finally, Fairway Wealth LLC acquired a new stake in Microsoft during the fourth quarter worth about $62,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Stock Performance

NASDAQ:MSFT traded up $2.80 during mid-day trading on Tuesday, hitting $505.82. The stock had a trading volume of 14,877,504 shares, compared to its average volume of 21,608,541. The stock has a market capitalization of $3.76 trillion, a price-to-earnings ratio of 39.09, a P/E/G ratio of 2.28 and a beta of 1.04. The company has a 50 day simple moving average of $471.98 and a 200-day simple moving average of $426.18. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $508.28. 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 (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.24. The firm had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. Microsoft's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the firm posted $2.94 EPS. On average, research analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business 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 $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio is currently 25.66%.

Insider Buying and Selling

In other news, EVP Judson Althoff sold 16,000 shares of the company'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 value of $7,330,880.00. Following the completion of the sale, the executive vice president directly owned 98,010 shares of the company's stock, valued at approximately $44,906,221.80. This represents a 14.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Amy Coleman sold 13,243 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the executive vice president directly owned 43,100 shares of the company's stock, valued at approximately $19,481,631. This represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,743 shares of company stock worth $60,224,683. Company insiders own 0.03% of the company's stock.

Analyst Ratings Changes

MSFT has been the topic of a number of recent research reports. BMO Capital Markets lifted their price objective on Microsoft from $485.00 to $550.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Morgan Stanley reiterated an "overweight" rating and set a $530.00 target price (up previously from $482.00) on shares of Microsoft in a research report on Thursday, June 26th. TD Securities upped their target price on shares of Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. KeyCorp reissued a "sector weight" rating on shares of Microsoft in a research note on Thursday, April 17th. Finally, Piper Sandler boosted their price target on Microsoft from $475.00 to $600.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Four research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, Microsoft currently has an average rating of "Moderate Buy" and a consensus price target of $534.14.

Microsoft 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.