Redmont Wealth Advisors LLC Has $54,000 Stake in Microsoft Corporation (NASDAQ:MSFT)

Redmont Wealth Advisors LLC decreased its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 86.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 145 shares of the software giant's stock after selling 938 shares during the quarter. Redmont Wealth Advisors LLC's holdings in Microsoft were worth $54,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Microsoft by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock valued at $288,336,224,000 after purchasing an additional 10,431,988 shares during the period. Geode Capital Management LLC grew its holdings in Microsoft by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 168,128,024 shares of the software giant's stock valued at $70,720,874,000 after purchasing an additional 3,103,212 shares during the period. Norges Bank acquired a new position in Microsoft during the fourth quarter valued at approximately $44,343,058,000. Northern Trust Corp grew its holdings in Microsoft by 16.1% during the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock valued at $35,316,535,000 after purchasing an additional 11,600,470 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Microsoft by 9.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,961,337 shares of the software giant's stock valued at $25,273,704,000 after purchasing an additional 5,370,546 shares during the period. Institutional investors and hedge funds own 71.13% of the company's stock.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total value of $9,756,055.00. Following the transaction, the executive vice president directly owned 134,888 shares in the company, valued at $61,208,127.76. The trade was a 13.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Takeshi Numoto sold 4,850 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $527.32, for a total transaction of $2,557,502.00. Following the completion of the transaction, the executive vice president owned 39,111 shares in the company, valued at approximately $20,624,012.52. This represents a 11.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,350 shares of company stock worth $21,493,447 over the last ninety days. Insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

MSFT has been the subject of several research analyst reports. Westpark Capital reiterated a "hold" rating on shares of Microsoft in a report on Thursday, July 31st. Needham & Company LLC reiterated a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. DA Davidson upped their price target on shares of Microsoft from $600.00 to $650.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Cantor Fitzgerald upped their price target on shares of Microsoft from $581.00 to $639.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Finally, Mizuho upped their price target on shares of Microsoft from $540.00 to $625.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Two equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $609.86.

Microsoft Stock Performance

NASDAQ MSFT opened at $520.17 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.12. The firm's fifty day moving average price is $502.60 and its two-hundred day moving average price is $441.02. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $555.45. The firm has a market capitalization of $3.87 trillion, a P/E ratio of 38.14, a price-to-earnings-growth ratio of 2.29 and a beta of 1.06.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.35 by $0.30. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The firm had revenue of $76.44 billion for the quarter, compared to analyst estimates of $73.79 billion. During the same period in the prior year, the firm posted $2.95 earnings per share. The company's quarterly revenue was up 18.1% compared to the same quarter last year. As a group, research analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, August 21st. Microsoft's payout ratio is currently 24.34%.

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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