Microsoft Corporation (NASDAQ:MSFT) is Mogy Joel R Investment Counsel Inc.'s 3rd Largest Position

Mogy Joel R Investment Counsel Inc. lessened its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 2.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 287,022 shares of the software giant's stock after selling 5,807 shares during the quarter. Microsoft makes up about 6.9% of Mogy Joel R Investment Counsel Inc.'s holdings, making the stock its 3rd largest position. Mogy Joel R Investment Counsel Inc.'s holdings in Microsoft were worth $107,745,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MSFT. WFA Asset Management Corp grew its holdings in shares of Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after purchasing an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. grew its holdings in shares of Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after purchasing an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC grew its holdings in shares of Microsoft by 410.4% during the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after purchasing an additional 2,138 shares during the last quarter. Wealth Group Ltd. grew its holdings in shares of Microsoft by 1.2% during the fourth quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant's stock worth $1,000,000 after purchasing an additional 28 shares during the last quarter. Finally, Tallon Kerry Patrick purchased a new position in shares of Microsoft during the fourth quarter worth about $1,375,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Price Performance

Shares of MSFT stock traded down $0.20 during midday trading on Wednesday, reaching $505.62. 15,142,434 shares of the company traded hands, compared to its average volume of 21,629,187. The firm's 50 day simple moving average is $474.88 and its two-hundred day simple moving average is $427.28. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $508.30. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. The firm has a market cap of $3.76 trillion, a PE ratio of 39.07, a price-to-earnings-growth ratio of 2.30 and a beta of 1.04.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly 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 net margin of 35.79% and a return on equity of 32.74%. The company had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same period last year, the firm earned $2.94 EPS. The company's revenue for the quarter was up 13.3% on a year-over-year basis. On average, equities research analysts expect that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.66%. Microsoft's payout ratio is 25.66%.

Insider Activity at Microsoft

In related news, insider Bradford L. Smith sold 6,000 shares of Microsoft stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the completion of the transaction, the insider directly owned 471,036 shares in the company, valued at $204,038,664.12. The trade was a 1.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction that occurred 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 transaction, the executive vice president owned 43,100 shares of the company's stock, 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. In the last 90 days, insiders sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Scotiabank raised their price target on Microsoft from $470.00 to $500.00 and gave the stock a "sector outperform" rating in a report on Thursday, May 1st. TD Securities raised their price target on Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. The Goldman Sachs Group raised their price target on Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Evercore ISI set a $515.00 price target on Microsoft and gave the stock an "outperform" rating in a report on Wednesday, May 21st. Finally, Wedbush raised their price target on Microsoft from $515.00 to $600.00 and gave the stock an "outperform" rating in a report on Wednesday, June 25th. Four investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $538.04.

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.