Momentous Wealth Management Inc. Invests $1.77 Million in Microsoft Co. (NASDAQ:MSFT)

Momentous Wealth Management Inc. purchased a new position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,198 shares of the software giant's stock, valued at approximately $1,769,000. Microsoft makes up about 1.5% of Momentous Wealth Management Inc.'s investment portfolio, making the stock its 12th largest holding.

Other large investors also recently added to or reduced their stakes in the company. Adamsbrown Wealth Consultants LLC increased its holdings in Microsoft by 2.2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock valued at $2,515,000 after buying an additional 130 shares during the last quarter. Mcdaniel Terry & Co. increased its holdings in Microsoft by 6.1% in the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock valued at $133,023,000 after buying an additional 18,052 shares during the last quarter. Centric Wealth Management increased its holdings in Microsoft by 0.7% in the third quarter. Centric Wealth Management now owns 16,156 shares of the software giant's stock valued at $6,789,000 after buying an additional 112 shares during the last quarter. 1900 Wealth Management LLC increased its holdings in Microsoft by 3.0% in the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock valued at $4,274,000 after buying an additional 294 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Microsoft by 2.4% in the third quarter. The Manufacturers Life Insurance Company now owns 9,250,128 shares of the software giant's stock valued at $3,980,299,000 after buying an additional 217,509 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Performance

NASDAQ:MSFT traded up $3.81 during mid-day trading on Thursday, reaching $467.68. The stock had a trading volume of 20,094,702 shares, compared to its average volume of 21,489,870. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The firm has a market capitalization of $3.48 trillion, a price-to-earnings ratio of 37.66, a PEG ratio of 2.21 and a beta of 1.03. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $469.58. The business has a 50 day simple moving average of $413.59 and a 200 day simple moving average of $415.95.

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 35.43% and a return on equity of 33.36%. 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, analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.71%. Microsoft's payout ratio is 25.66%.

Insider Activity

In other news, EVP Kathleen T. Hogan sold 21,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the transaction, the executive vice president now directly owns 134,888 shares of the company's stock, valued at $61,208,127.76. This trade represents a 13.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Takeshi Numoto sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $460.01, for a total transaction of $460,010.00. Following the transaction, the executive vice president now directly owns 47,058 shares of the company's stock, valued at approximately $21,647,150.58. This trade represents a 2.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 135,743 shares of company stock worth $60,224,683. Company insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MSFT. KeyCorp reissued a "sector weight" rating on shares of Microsoft in a report on Thursday, April 17th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $525.00 price objective on shares of Microsoft in a report on Friday, May 23rd. Tigress Financial raised their price objective on Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Cantor Fitzgerald raised their price objective on Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $513.13.

About Microsoft

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.