PKO Investment Management Joint Stock Co Acquires New Holdings in Microsoft Corporation (NASDAQ:MSFT)

PKO Investment Management Joint Stock Co purchased a new position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 67,000 shares of the software giant's stock, valued at approximately $28,240,000. Microsoft comprises 3.5% of PKO Investment Management Joint Stock Co's investment portfolio, making the stock its 4th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Ball & Co Wealth Management Inc. acquired a new stake in Microsoft in the 4th quarter worth $31,000. Fiduciary Advisors Inc. bought a new stake in shares of Microsoft in the fourth quarter valued at about $38,000. IFS Advisors LLC grew its position in Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after buying an additional 35 shares in the last quarter. LSV Asset Management bought a new position in Microsoft during the fourth quarter valued at about $44,000. Finally, Fairway Wealth LLC acquired a new position in Microsoft in the 4th quarter valued at approximately $62,000. Institutional investors own 71.13% of the company's stock.

Microsoft Trading Down 0.6%

Shares of NASDAQ MSFT opened at $477.40 on Monday. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $483.46. The stock has a market cap of $3.55 trillion, a price-to-earnings ratio of 36.89, a P/E/G ratio of 2.42 and a beta of 1.03. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. The company's fifty day moving average is $437.84 and its 200-day moving average is $420.28.

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

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued 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 dividend payout ratio (DPR) is currently 25.66%.

Analyst Ratings Changes

Several analysts have recently weighed in on MSFT shares. Westpark Capital reissued a "hold" rating on shares of Microsoft in a report on Thursday, May 1st. 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. Needham & Company LLC reissued a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Citigroup raised their price target on shares of Microsoft from $540.00 to $605.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. Finally, Wells Fargo & Company reissued an "overweight" rating and issued a $565.00 target price (up from $515.00) on shares of Microsoft in a report on Friday, June 13th. Four investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $515.68.

Insiders Place Their Bets

In related news, EVP Amy Coleman sold 13,243 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the transaction, the executive vice president now directly owns 43,100 shares of the company's stock, valued at approximately $19,481,631. This represents a 23.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction dated 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 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 three months, insiders have sold 135,743 shares of company stock worth $60,224,683. Company insiders own 0.03% of the company's stock.

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.

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