Portside Wealth Group LLC Has $16.81 Million Position in Microsoft Corporation (NASDAQ:MSFT)

Portside Wealth Group LLC raised its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 2.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 44,787 shares of the software giant's stock after buying an additional 1,056 shares during the quarter. Microsoft comprises approximately 2.7% of Portside Wealth Group LLC's investment portfolio, making the stock its 3rd biggest holding. Portside Wealth Group LLC's holdings in Microsoft were worth $16,812,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ball & Co Wealth Management Inc. acquired a new stake in shares of Microsoft in the fourth quarter valued at approximately $31,000. Fiduciary Advisors Inc. acquired a new stake in shares of Microsoft in the fourth quarter valued at approximately $38,000. LSV Asset Management acquired a new position in Microsoft during the fourth quarter worth $44,000. IFS Advisors LLC increased its holdings in Microsoft by 50.0% during the first quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock worth $57,000 after buying an additional 50 shares during the last quarter. Finally, Fairway Wealth LLC acquired a new position in Microsoft during the fourth quarter worth $62,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Takeshi Numoto sold 3,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the completion of the sale, the executive vice president owned 43,930 shares of the company's stock, valued at $20,339,590. This represents 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 the SEC website. Also, EVP Judson Althoff sold 16,000 shares of the company's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the sale, the executive vice president directly owned 98,010 shares of the company's stock, valued at $44,906,221.80. This represents a 14.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock valued at $60,224,683 in the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Stock Performance

Shares of Microsoft stock traded up $3.24 during trading on Friday, reaching $504.72. The company's stock had a trading volume of 7,516,049 shares, compared to its average volume of 21,623,648. The business's 50-day moving average price is $469.28 and its 200-day moving average price is $425.41. The firm has a market cap of $3.75 trillion, a PE ratio of 39.00, a P/E/G ratio of 2.28 and a beta of 1.04. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $506.78. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12.

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, beating analysts' consensus estimates of $3.22 by $0.24. The company had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. Microsoft's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.94 earnings per share. Equities analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.66%. Microsoft's payout ratio is presently 25.66%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Mizuho boosted their target price on shares of Microsoft from $475.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Benchmark restated a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Jefferies Financial Group boosted their target price on shares of Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Wall Street Zen downgraded shares of Microsoft from a "buy" rating to a "hold" rating in a report on Monday, June 30th. Finally, Westpark Capital restated a "hold" rating on shares of Microsoft in a report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $534.14.

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.