Pines Wealth Management LLC Acquires 1,327 Shares of Microsoft Corporation (NASDAQ:MSFT)

Pines Wealth Management LLC lifted its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 6.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,795 shares of the software giant's stock after buying an additional 1,327 shares during the period. Microsoft makes up about 3.1% of Pines Wealth Management LLC's investment portfolio, making the stock its 3rd biggest position. Pines Wealth Management LLC's holdings in Microsoft were worth $7,373,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ball & Co Wealth Management Inc. purchased a new position in shares of Microsoft in the 4th quarter worth $31,000. Fiduciary Advisors Inc. purchased a new position in Microsoft during the fourth quarter valued at $38,000. LSV Asset Management purchased a new position in Microsoft during the fourth quarter valued at $44,000. Fairway Wealth LLC purchased a new position in Microsoft during the fourth quarter valued at $62,000. Finally, IFS Advisors LLC lifted its position in Microsoft by 50.0% during 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 in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Trading Up 1.5%

NASDAQ MSFT traded up $7.16 during trading hours on Friday, hitting $498.25. 13,984,829 shares of the company were exchanged, compared to its average volume of 21,692,275. The stock has a 50-day moving average price of $461.41 and a 200 day moving average price of $423.67. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $500.76. The stock has a market cap of $3.70 trillion, a PE ratio of 38.50, a price-to-earnings-growth ratio of 2.26 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, beating the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The business had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. During the same quarter in the previous year, the business earned $2.94 earnings per share. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. Analysts forecast that Microsoft Corporation will post 13.08 earnings per share 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 issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.67%. Microsoft's payout ratio is 25.66%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. BMO Capital Markets reiterated an "outperform" rating on shares of Microsoft in a research report on Wednesday, May 21st. Tigress Financial lifted their target price on Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. The Goldman Sachs Group lifted their target price on Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. TD Securities lifted their target price on Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Finally, Guggenheim restated a "neutral" rating on shares of Microsoft in a research report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Microsoft currently has a consensus rating of "Moderate Buy" and an average price target of $524.71.

Insider Transactions at Microsoft

In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the sale, the executive vice president owned 134,888 shares in the company, valued at $61,208,127.76. This represents a 13.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Amy Coleman sold 13,243 shares of the company's stock in a transaction on 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 sale, the executive vice president owned 43,100 shares of the company's stock, valued at approximately $19,481,631. This represents a 23.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock valued at $60,224,683 in the last ninety days. Corporate insiders own 0.03% of the company's stock.

Microsoft Company 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.