Miller Financial Services LLC Invests $2.11 Million in Microsoft Co. (NASDAQ:MSFT)

Miller Financial Services LLC acquired a new stake in Microsoft Co. (NASDAQ:MSFT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,997 shares of the software giant's stock, valued at approximately $2,106,000. Microsoft accounts for about 1.8% of Miller Financial Services LLC's investment portfolio, making the stock its 8th biggest holding.

Several other institutional investors have also modified their holdings of MSFT. Fiduciary Advisors Inc. acquired a new stake in Microsoft in the fourth quarter valued at $38,000. IFS Advisors LLC increased its stake in Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after purchasing an additional 35 shares during the last quarter. Avondale Wealth Management raised its holdings in Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after purchasing an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of Microsoft in the 3rd quarter valued at $62,000. Finally, Kieckhefer Group LLC acquired a new position in shares of Microsoft in the 4th quarter valued at $141,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Insiders Place Their Bets

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 now directly owns 43,100 shares in the company, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bradford L. Smith sold 6,000 shares of the company's stock in a transaction on 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 now owns 471,036 shares of the company's stock, valued at approximately $204,038,664.12. This trade represents a 1.26% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 94,243 shares of company stock worth $41,288,738. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Performance

Shares of NASDAQ MSFT traded up $4.60 during trading on Monday, reaching $458.87. The stock had a trading volume of 21,313,890 shares, compared to its average volume of 21,562,400. The firm's 50 day moving average price is $395.33 and its two-hundred day moving average price is $412.34. Microsoft Co. has a one year low of $344.79 and a one year high of $468.35. The stock has a market cap of $3.41 trillion, a PE ratio of 36.95, a P/E/G ratio of 2.21 and a beta of 0.99. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. The company had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. Microsoft's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.94 earnings per share. On average, research analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is 25.66%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MSFT. Needham & Company LLC reissued a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. StockNews.com upgraded Microsoft from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. UBS Group decreased their target price on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Wells Fargo & Company raised their price target on Microsoft from $500.00 to $515.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Finally, KeyCorp reiterated a "sector weight" rating on shares of Microsoft in a research note on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to MarketBeat, Microsoft currently has an average rating of "Moderate Buy" and an average target price of $510.30.

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.