Montz Harcus Wealth Management LLC Purchases 519 Shares of Microsoft Corporation (NASDAQ:MSFT)

Montz Harcus Wealth Management LLC lifted its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 3.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 14,146 shares of the software giant's stock after purchasing an additional 519 shares during the period. Microsoft comprises approximately 2.9% of Montz Harcus Wealth Management LLC's portfolio, making the stock its 11th biggest holding. Montz Harcus Wealth Management LLC's holdings in Microsoft were worth $5,310,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Harrell Investment Partners LLC boosted its holdings in Microsoft by 0.3% in the first quarter. Harrell Investment Partners LLC now owns 34,888 shares of the software giant's stock valued at $13,097,000 after acquiring an additional 107 shares in the last quarter. Silverleafe Capital Partners LLC boosted its holdings in Microsoft by 0.9% in the first quarter. Silverleafe Capital Partners LLC now owns 7,257 shares of the software giant's stock valued at $2,724,000 after acquiring an additional 65 shares in the last quarter. Centennial Wealth Advisory LLC boosted its holdings in Microsoft by 13.1% in the first quarter. Centennial Wealth Advisory LLC now owns 5,766 shares of the software giant's stock valued at $2,165,000 after acquiring an additional 667 shares in the last quarter. McHugh Group LLC boosted its holdings in Microsoft by 4.3% in the first quarter. McHugh Group LLC now owns 27,129 shares of the software giant's stock valued at $10,184,000 after acquiring an additional 1,125 shares in the last quarter. Finally, Johnson Investment Counsel Inc. boosted its holdings in Microsoft by 3.7% in the first quarter. Johnson Investment Counsel Inc. now owns 801,439 shares of the software giant's stock valued at $300,852,000 after acquiring an additional 28,241 shares in the last quarter. Institutional investors own 71.13% of the company's stock.

Analysts Set New Price Targets

MSFT has been the topic of several recent analyst reports. Barclays lifted their price target on shares of Microsoft from $494.00 to $550.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Loop Capital lifted their price target on shares of Microsoft from $550.00 to $600.00 and gave the company a "buy" rating in a report on Thursday. Royal Bank Of Canada reissued an "outperform" rating and set a $525.00 price objective on shares of Microsoft in a research report on Friday, May 23rd. The Goldman Sachs Group raised their price objective on Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Finally, Wall Street Zen lowered Microsoft from a "buy" rating to a "hold" rating in a research report on Monday, June 30th. Four research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $555.86.

Insider Buying and Selling

In related news, insider Bradford L. Smith sold 6,000 shares of Microsoft stock in a transaction dated Monday, May 5th. The stock was 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 in the company, valued at approximately $204,038,664.12. This trade represents a 1.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Takeshi Numoto sold 3,000 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the sale, the executive vice president owned 43,930 shares of the company's stock, valued at approximately $20,339,590. This represents a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock worth $60,224,683 in the last three months. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Down 0.2%

Shares of MSFT traded down $1.21 during trading hours on Monday, hitting $512.50. The company had a trading volume of 14,290,681 shares, compared to its average volume of 15,824,139. The firm has a fifty day moving average price of $484.59 and a 200-day moving average price of $432.22. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. The stock has a market capitalization of $3.81 trillion, a price-to-earnings ratio of 39.61, a P/E/G ratio of 2.33 and a beta of 1.04. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $518.29.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping 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 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 company earned $2.94 EPS. Microsoft's revenue for the quarter was up 13.3% on a year-over-year basis. On average, equities research analysts forecast that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed 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 is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.65%. Microsoft's payout ratio is 25.66%.

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.