RFG Advisory LLC Has $22.12 Million Position in Microsoft Corporation (NASDAQ:MSFT)

RFG Advisory LLC boosted its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 3.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,917 shares of the software giant's stock after purchasing an additional 1,846 shares during the quarter. Microsoft comprises approximately 0.6% of RFG Advisory LLC's investment portfolio, making the stock its 23rd largest holding. RFG Advisory LLC's holdings in Microsoft were worth $22,117,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted 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 last quarter. Geode Capital Management LLC increased its position in shares of Microsoft by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 168,128,024 shares of the software giant's stock worth $70,720,874,000 after purchasing an additional 3,103,212 shares during the last quarter. Norges Bank bought a new position in shares of Microsoft in the fourth quarter worth approximately $44,343,058,000. Northern Trust Corp increased its position in shares of Microsoft by 16.1% in the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock worth $35,316,535,000 after purchasing an additional 11,600,470 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Microsoft by 9.8% in the 4th 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 worth $25,273,704,000 after acquiring an additional 5,370,546 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Jefferies Financial Group raised 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. BMO Capital Markets restated an "outperform" rating on shares of Microsoft in a report on Wednesday, May 21st. Citigroup upped their target price on shares of Microsoft from $540.00 to $605.00 and gave the stock a "buy" rating in a research report on Wednesday, June 11th. Piper Sandler reissued an "overweight" rating on shares of Microsoft in a research report on Wednesday, May 21st. Finally, Raymond James Financial increased their price objective on shares of Microsoft from $480.00 to $490.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $521.14.

Microsoft Stock Performance

MSFT opened at $495.94 on Monday. 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 has a market cap of $3.69 trillion, a price-to-earnings ratio of 38.33, a PEG ratio of 2.52 and a beta of 1.03. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $499.30. The firm's fifty day simple moving average is $449.47 and its two-hundred day simple moving average is $421.74.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The business had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. During the same period in the prior year, the business earned $2.94 earnings per share. The company's quarterly revenue was up 13.3% compared to the same quarter last year. Equities analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.67%. Microsoft's payout ratio is 25.66%.

Insider Buying and Selling

In other news, EVP Takeshi Numoto sold 3,000 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total value of $1,389,000.00. Following the completion of the sale, the executive vice president now directly owns 43,930 shares of the company's stock, valued at approximately $20,339,590. The trade was a 6.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bradford L. Smith sold 6,000 shares of the company's stock in a transaction that occurred on 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 sale, the insider now directly owns 471,036 shares of the company's stock, valued at approximately $204,038,664.12. This represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock valued at $60,224,683 in the last three months. 0.03% of the stock is owned by corporate insiders.

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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