Microsoft Corporation (NASDAQ:MSFT) Stock Holdings Increased by Sendero Wealth Management LLC

Sendero Wealth Management LLC lifted its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 10.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,299 shares of the software giant's stock after purchasing an additional 4,552 shares during the quarter. Microsoft accounts for approximately 2.5% of Sendero Wealth Management LLC's portfolio, making the stock its 9th largest holding. Sendero Wealth Management LLC's holdings in Microsoft were worth $18,131,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Adamsbrown Wealth Consultants LLC increased its stake in shares of Microsoft by 2.2% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock worth $2,515,000 after purchasing an additional 130 shares in the last quarter. Mcdaniel Terry & Co. increased its stake in Microsoft by 6.1% during the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock worth $133,023,000 after buying an additional 18,052 shares in the last quarter. 1900 Wealth Management LLC raised its holdings in shares of Microsoft by 3.0% during the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock valued at $4,274,000 after acquiring an additional 294 shares during the last quarter. Strategic Financial Services Inc. boosted its stake in shares of Microsoft by 7.8% in the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock worth $7,345,000 after acquiring an additional 1,268 shares during the last quarter. Finally, Elevate Wealth Advisory Inc. boosted its stake in shares of Microsoft by 147.9% in the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock worth $737,000 after acquiring an additional 1,043 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Up 1.5%

MSFT stock traded up $7.16 during midday trading on Thursday, hitting $498.25. The company's stock had a trading volume of 13,984,829 shares, compared to its average volume of 21,692,275. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $500.76. The firm has a 50-day simple moving average of $457.07 and a 200-day simple moving average of $423.04. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $3.70 trillion, a P/E ratio of 38.50, a PEG ratio of 2.22 and a beta of 1.04.

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 analysts' consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The firm had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. During the same period last year, the business posted $2.94 earnings per share. Microsoft's revenue was up 13.3% compared to the same quarter last year. As a group, equities analysts forecast that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders 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 Analysts Forecast Growth

Several brokerages have issued reports on MSFT. Wall Street Zen cut shares of Microsoft from a "buy" rating to a "hold" rating in a research note on Monday. Jefferies Financial Group boosted their price target on shares of Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. DA Davidson increased their price objective on shares of Microsoft from $500.00 to $600.00 and gave the company a "buy" rating in a report on Wednesday. Wedbush boosted their target price on Microsoft from $515.00 to $600.00 and gave the stock an "outperform" rating in a report on Wednesday, June 25th. Finally, Bank of America reduced their price objective on Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Five investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $524.71.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Judson Althoff sold 16,000 shares of the company's stock in a transaction 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 transaction, the executive vice president owned 98,010 shares in the company, valued at $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Bradford L. Smith sold 6,000 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the sale, the insider directly owned 471,036 shares of the company's stock, valued at approximately $204,038,664.12. This trade represents a 1.26% 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. 0.03% of the stock is currently owned by company insiders.

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.