Parr Mcknight Wealth Management Group LLC Takes Position in Microsoft Corporation (NASDAQ:MSFT)

Parr Mcknight Wealth Management Group LLC bought a new stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 74,647 shares of the software giant's stock, valued at approximately $31,464,000. Microsoft comprises approximately 4.5% of Parr Mcknight Wealth Management Group LLC's holdings, making the stock its 4th biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in MSFT. Muirfield Wealth Advisors LLC grew its holdings in shares of Microsoft by 0.5% during the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock worth $1,866,000 after purchasing an additional 24 shares in the last quarter. Retirement Financial Solutions LLC increased its holdings in shares of Microsoft by 2.3% in the 4th quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock worth $443,000 after buying an additional 24 shares during the last quarter. Sterling Group Wealth Management LLC raised its position in shares of Microsoft by 0.5% during the 4th quarter. Sterling Group Wealth Management LLC now owns 5,540 shares of the software giant's stock valued at $2,335,000 after buying an additional 25 shares in the last quarter. Kuhn & Co Investment Counsel raised its position in shares of Microsoft by 0.8% during the 4th quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock valued at $1,385,000 after buying an additional 25 shares in the last quarter. Finally, Alliance Wealth Management Group lifted its holdings in shares of Microsoft by 0.4% during the 4th quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock worth $2,368,000 after acquiring an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insiders Place Their Bets

In related news, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the sale, the executive vice president now directly owns 43,930 shares in the company, valued at $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total value of $32,703,750.00. Following the completion of the transaction, the insider now owns 476,999 shares of the company's stock, valued at approximately $207,995,413.95. This trade represents a 13.59% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 135,743 shares of company stock worth $60,224,683. Company insiders own 0.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MSFT. Westpark Capital reissued a "hold" rating on shares of Microsoft in a research note on Thursday, May 1st. Royal Bank Of Canada reiterated an "outperform" rating and set a $525.00 price objective on shares of Microsoft in a research report on Friday, May 23rd. Stifel Nicolaus boosted their target price on Microsoft from $475.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Mizuho increased their price target on shares of Microsoft from $475.00 to $500.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Finally, TD Securities lifted their price target on shares of Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $515.68.

Microsoft Trading Down 0.6%

NASDAQ:MSFT traded down $2.84 during trading hours on Friday, hitting $477.40. The company had a trading volume of 37,241,095 shares, compared to its average volume of 21,567,140. 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 stock has a 50-day moving average price of $436.07 and a 200 day moving average price of $420.16. The company has a market capitalization of $3.55 trillion, a PE ratio of 36.89, a price-to-earnings-growth ratio of 2.44 and a beta of 1.03. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $483.25.

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

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders 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 annualized dividend and a yield of 0.70%. Microsoft's payout ratio is 25.66%.

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.