Morey & Quinn Wealth Partners LLC Takes $3.44 Million Position in Microsoft Co. (NASDAQ:MSFT)

Morey & Quinn Wealth Partners LLC purchased a new stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,159 shares of the software giant's stock, valued at approximately $3,439,000. Microsoft comprises about 2.9% of Morey & Quinn Wealth Partners LLC's portfolio, making the stock its 8th biggest holding.

A number of other large investors have also recently bought and sold shares of MSFT. WFA Asset Management Corp lifted its position in shares of Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock valued at $427,000 after acquiring an additional 216 shares during the period. Ironwood Wealth Management LLC. grew its stake in shares of Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock valued at $5,658,000 after buying an additional 38 shares during the period. Discipline Wealth Solutions LLC increased its position in Microsoft by 410.4% in the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock valued at $1,144,000 after buying an additional 2,138 shares in the last quarter. United Bank increased its position in Microsoft by 4.1% in the 3rd quarter. United Bank now owns 18,378 shares of the software giant's stock valued at $7,908,000 after buying an additional 730 shares in the last quarter. Finally, Wiser Advisor Group LLC raised its stake in Microsoft by 8.7% during the 3rd quarter. Wiser Advisor Group LLC now owns 3,840 shares of the software giant's stock worth $1,652,000 after buying an additional 308 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Price Performance

MSFT traded up $1.45 on Wednesday, reaching $464.42. The company had a trading volume of 7,698,971 shares, compared to its average volume of 21,424,473. The business has a 50 day simple moving average of $411.89 and a 200 day simple moving average of $415.62. The company has a market cap of $3.45 trillion, a price-to-earnings ratio of 37.39, a P/E/G ratio of 2.21 and a beta of 1.03. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $468.35. 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 announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $68.54 billion. During the same period in the previous year, the business earned $2.94 earnings per share. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Microsoft Co. 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, June 12th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.71%. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

Insider Buying and Selling

In related news, EVP Takeshi Numoto sold 1,000 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $460.01, for a total transaction of $460,010.00. Following the transaction, the executive vice president now 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bradford L. Smith sold 6,000 shares of the business's stock in a transaction 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 sale, the insider now directly owns 471,036 shares of the company's stock, valued at $204,038,664.12. This represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 132,743 shares of company stock worth $58,835,683 in the last quarter. 0.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MSFT shares. Benchmark reiterated a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Wedbush reaffirmed an "outperform" rating on shares of Microsoft in a research note on Wednesday, May 21st. Westpark Capital reissued a "hold" rating on shares of Microsoft in a research report on Thursday, May 1st. Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Finally, Cantor Fitzgerald increased their price target on Microsoft from $502.00 to $512.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $513.13.

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.