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Blodgett Wealth Advisors LLC Has $10.07 Million Stake in Microsoft Corporation (NASDAQ:MSFT)

Microsoft logo with Computer and Technology background

Blodgett Wealth Advisors LLC reduced its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,816 shares of the software giant's stock after selling 1,067 shares during the period. Microsoft comprises about 8.6% of Blodgett Wealth Advisors LLC's investment portfolio, making the stock its 4th biggest position. Blodgett Wealth Advisors LLC's holdings in Microsoft were worth $10,066,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Ball & Co Wealth Management Inc. bought a new stake in shares of Microsoft during the fourth quarter worth approximately $31,000. Fiduciary Advisors Inc. acquired a new position in Microsoft in the 4th quarter worth $38,000. LSV Asset Management acquired a new position in shares of Microsoft during the fourth quarter worth about $44,000. Fairway Wealth LLC bought a new position in shares of Microsoft during the 4th quarter worth approximately $62,000. Finally, IFS Advisors LLC lifted its position in Microsoft by 50.0% during the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock worth $57,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Stock Down 0.3%

Shares of NASDAQ MSFT traded down $1.65 during mid-day trading on Friday, reaching $510.05. 21,120,811 shares of the company's stock traded hands, compared to its average volume of 21,618,181. 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 Corporation has a 1-year low of $344.79 and a 1-year high of $514.64. The stock has a market cap of $3.79 trillion, a P/E ratio of 39.42, a PEG ratio of 2.32 and a beta of 1.04. The business has a 50-day simple moving average of $477.78 and a 200 day simple moving average of $428.49.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.24. The company had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. Microsoft's quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.94 earnings per share. On average, analysts expect that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed 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. This represents a $3.32 annualized dividend and a yield of 0.65%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

Insider Transactions at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 75,000 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total value of $32,703,750.00. Following the completion of the transaction, the insider directly owned 476,999 shares of the company's stock, valued at $207,995,413.95. This trade represents a 13.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Amy Coleman sold 13,243 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the transaction, the executive vice president owned 43,100 shares in the company, valued at $19,481,631. This 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 currently owned by company insiders.

Analyst Upgrades and Downgrades

MSFT has been the topic of a number of recent analyst reports. Guggenheim reissued a "neutral" rating on shares of Microsoft in a research report on Thursday, May 1st. Jefferies Financial Group lifted their price target on shares of Microsoft from $475.00 to $550.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Citigroup upped their price objective on shares of Microsoft from $540.00 to $605.00 and gave the stock a "buy" rating in a research report on Wednesday, June 11th. KeyCorp reaffirmed a "sector weight" rating on shares of Microsoft in a report on Thursday, April 17th. Finally, DA Davidson lifted their price target on shares of Microsoft from $500.00 to $600.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Four research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $541.79.

Get Our Latest Stock Analysis on MSFT

About Microsoft

(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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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