Prosperity Wealth Management Inc. Trims Position in Microsoft Co. (NASDAQ:MSFT)

Prosperity Wealth Management Inc. decreased its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 5.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,287 shares of the software giant's stock after selling 1,166 shares during the quarter. Microsoft comprises about 3.3% of Prosperity Wealth Management Inc.'s portfolio, making the stock its 6th biggest holding. Prosperity Wealth Management Inc.'s holdings in Microsoft were worth $8,130,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in MSFT. Warburton Capital Management LLC acquired a new stake in shares of Microsoft during the 4th quarter worth about $1,109,000. Cascade Financial Partners LLC increased its position in Microsoft by 13.5% during the 4th quarter. Cascade Financial Partners LLC now owns 23,189 shares of the software giant's stock worth $9,774,000 after buying an additional 2,760 shares during the period. Natural Investments LLC bought a new position in Microsoft during the 4th quarter worth $21,323,000. AGF Management Ltd. increased its position in Microsoft by 32.3% during the 4th quarter. AGF Management Ltd. now owns 711,409 shares of the software giant's stock worth $299,859,000 after buying an additional 173,556 shares during the period. Finally, Fairway Wealth LLC bought a new position in Microsoft during the 4th quarter worth $62,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Wall Street Analyst Weigh In

MSFT has been the topic of several recent research reports. Piper Sandler reiterated a "neutral" rating on shares of Microsoft in a research report on Thursday, May 1st. Morgan Stanley increased their price objective on Microsoft from $472.00 to $482.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Needham & Company LLC reiterated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Barclays increased their price objective on Microsoft from $430.00 to $494.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, Royal Bank of Canada raised their price target on Microsoft from $500.00 to $525.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $510.30.

Microsoft Trading Up 1.0%

MSFT stock traded up $4.60 during mid-day trading on Monday, reaching $458.87. The company's stock had a trading volume of 21,313,890 shares, compared to its average volume of 21,562,400. The company has a market cap of $3.41 trillion, a price-to-earnings ratio of 36.95, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35. The business's 50 day moving average price is $395.33 and its 200 day moving average price is $412.34. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

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, beating the consensus estimate of $3.22 by $0.24. The firm had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The company's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.94 earnings per share. On average, equities research analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued 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 yield of 0.72%. Microsoft's dividend payout ratio (DPR) is currently 25.66%.

Insider Buying and Selling

In other Microsoft news, insider Bradford L. Smith sold 75,000 shares of the company's 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 directly owns 476,999 shares in the company, valued at $207,995,413.95. This represents a 13.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was 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 owns 43,100 shares in the company, valued at $19,481,631. This represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 94,243 shares of company stock worth $41,288,738. 0.03% of the stock is owned by corporate insiders.

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.