RD Lewis Holdings Inc. Buys Shares of 6,180 Microsoft Co. (NASDAQ:MSFT)

RD Lewis Holdings Inc. bought a new stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 6,180 shares of the software giant's stock, valued at approximately $2,532,000. Microsoft comprises about 2.9% of RD Lewis Holdings Inc.'s investment portfolio, making the stock its 7th largest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Fiduciary Advisors Inc. bought a new stake in Microsoft during the fourth quarter valued at $38,000. IFS Advisors LLC increased its holdings in shares of Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after acquiring an additional 35 shares during the period. Avondale Wealth Management increased its holdings in shares of Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after acquiring an additional 65 shares during the period. MidAtlantic Capital Management Inc. acquired a new stake in shares of Microsoft in the 3rd quarter worth about $62,000. Finally, Fairway Wealth LLC acquired a new stake in shares of Microsoft in the 4th quarter worth about $62,000. Institutional investors own 71.13% of the company's stock.

Insiders Place Their Bets

In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the transaction, the insider now directly owns 471,036 shares in the company, valued at $204,038,664.12. This trade represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the completion of the transaction, the executive vice president now owns 43,100 shares of the company's stock, valued at approximately $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 131,743 shares of company stock worth $58,375,673 over the last ninety days. 0.03% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Piper Sandler reaffirmed an "overweight" rating on shares of Microsoft in a report on Wednesday. Bank of America dropped their price objective on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company increased their price objective on shares of Microsoft from $500.00 to $515.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Cantor Fitzgerald increased their price objective on shares of Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, The Goldman Sachs Group increased their price objective on shares of Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $513.13.

Microsoft Stock Performance

NASDAQ:MSFT opened at $450.18 on Friday. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $468.35. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $402.37 and a 200-day moving average of $413.90. The firm has a market cap of $3.35 trillion, a price-to-earnings ratio of 36.25, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating 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 quarter last year, the firm posted $2.94 EPS. The business's revenue for the quarter was up 13.3% on a year-over-year basis. Analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Thursday, May 15th. Microsoft's payout ratio is 25.66%.

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.

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