Kellett Wealth Advisors LLC Purchases 625 Shares of Microsoft Corporation (NASDAQ:MSFT)

Kellett Wealth Advisors LLC lifted its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 9.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 7,115 shares of the software giant's stock after purchasing an additional 625 shares during the period. Microsoft comprises about 1.9% of Kellett Wealth Advisors LLC's investment portfolio, making the stock its 13th biggest position. Kellett Wealth Advisors LLC's holdings in Microsoft were worth $2,671,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Microsoft by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock valued at $288,336,224,000 after acquiring an additional 10,431,988 shares during the period. Geode Capital Management LLC lifted its position in Microsoft by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 168,128,024 shares of the software giant's stock valued at $70,720,874,000 after acquiring an additional 3,103,212 shares during the period. Norges Bank purchased a new position in Microsoft during the 4th quarter valued at about $44,343,058,000. Northern Trust Corp lifted its position in Microsoft by 16.1% during the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock valued at $35,316,535,000 after acquiring an additional 11,600,470 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Microsoft by 9.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,961,337 shares of the software giant's stock valued at $25,273,704,000 after acquiring an additional 5,370,546 shares during the period. Institutional investors own 71.13% of the company's stock.

Insider Transactions at Microsoft

In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the sale, the executive vice president owned 134,888 shares in the company, valued at approximately $61,208,127.76. This trade represents a 13.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Judson Althoff sold 16,000 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president owned 98,010 shares of the company's stock, valued at $44,906,221.80. This trade represents a 14.03% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,743 shares of company stock valued at $24,921,913. 0.03% of the stock is currently owned by insiders.

Microsoft Stock Performance

MSFT stock traded down $2.81 during trading on Wednesday, reaching $524.94. 21,298,640 shares of the company's stock were exchanged, compared to its average volume of 22,431,307. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $555.45. The company's fifty day moving average price is $492.99 and its 200-day moving average price is $436.40. The firm has a market cap of $3.90 trillion, a PE ratio of 38.49, a P/E/G ratio of 2.34 and a beta of 1.06.

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

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, August 21st. Microsoft's payout ratio is currently 24.34%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on MSFT shares. Oppenheimer lifted their target price on shares of Microsoft from $600.00 to $630.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Wall Street Zen raised shares of Microsoft from a "hold" rating to a "buy" rating in a report on Saturday. JPMorgan Chase & Co. lifted their target price on shares of Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Bank of America lifted their target price on shares of Microsoft from $585.00 to $640.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Raymond James Financial lifted their target price on shares of Microsoft from $490.00 to $570.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Two research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to MarketBeat, Microsoft currently has a consensus rating of "Moderate Buy" and an average price target of $609.86.

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.