Dohj LLC Raises Stock Position in Microsoft Corporation (NASDAQ:MSFT)

Dohj LLC boosted its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 11.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,623 shares of the software giant's stock after acquiring an additional 1,936 shares during the period. Microsoft accounts for about 1.6% of Dohj LLC's holdings, making the stock its 14th biggest position. Dohj LLC's holdings in Microsoft were worth $6,991,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Fosun International Ltd boosted its holdings in shares of Microsoft by 0.3% in the first quarter. Fosun International Ltd now owns 6,633 shares of the software giant's stock worth $2,490,000 after buying an additional 23 shares during the last quarter. Muirfield Wealth Advisors LLC boosted its holdings in shares of Microsoft by 0.5% in the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock worth $1,866,000 after buying an additional 24 shares during the last quarter. Retirement Financial Solutions LLC boosted its holdings in shares of Microsoft by 2.3% in the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock worth $443,000 after buying an additional 24 shares during the last quarter. Kuhn & Co Investment Counsel boosted its holdings in shares of Microsoft by 0.8% in 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 during the last quarter. Finally, Alliance Wealth Management Group lifted its holdings in Microsoft by 0.4% during the fourth quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock valued at $2,368,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 71.13% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. KeyCorp reiterated a "sector weight" rating on shares of Microsoft in a research report on Thursday, April 17th. Citigroup lifted their price objective on shares of Microsoft from $540.00 to $605.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. Scotiabank lifted their price objective on shares of Microsoft from $470.00 to $500.00 and gave the stock a "sector outperform" rating in a research note on Thursday, May 1st. Piper Sandler lifted their price objective on shares of Microsoft from $475.00 to $600.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Four analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $543.79.

Insider Buying and Selling at Microsoft

In other news, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction 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 transaction, the executive vice president owned 43,100 shares in the company, valued at $19,481,631. The trade was a 23.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total value of $1,389,000.00. Following the transaction, the executive vice president owned 43,930 shares in the company, valued at approximately $20,339,590. This represents a 6.39% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,743 shares of company stock worth $60,224,683. Corporate insiders own 0.03% of the company's stock.

Microsoft Price Performance

MSFT traded up $0.01 on Monday, hitting $510.06. 14,052,657 shares of the company's stock were exchanged, compared to its average volume of 21,587,954. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $514.64. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $477.78 and a 200-day moving average price of $428.61. The stock has a market cap of $3.79 trillion, a price-to-earnings ratio of 39.42, a P/E/G ratio of 2.32 and a beta of 1.04.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The company had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. During the same quarter in the previous year, the company posted $2.94 EPS. The firm's quarterly revenue was up 13.3% on a year-over-year basis. As a group, equities analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current 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 issued a dividend of $0.83 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.65%. Microsoft's dividend payout ratio 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.