RFG Bristol Wealth Advisors LLC Acquires New Stake in Microsoft Co. (NASDAQ:MSFT)

RFG Bristol Wealth Advisors LLC bought a new position in Microsoft Co. (NASDAQ:MSFT - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 22,917 shares of the software giant's stock, valued at approximately $9,659,000. Microsoft accounts for 3.2% of RFG Bristol Wealth Advisors LLC's holdings, making the stock its 6th biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fiduciary Advisors Inc. purchased a new stake in Microsoft in the fourth quarter worth about $38,000. IFS Advisors LLC lifted its stake in Microsoft by 53.8% in the fourth 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 lifted its position in shares of Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after buying an additional 65 shares during the last quarter. Fairway Wealth LLC purchased a new stake in shares of Microsoft during the fourth quarter valued at about $62,000. Finally, Sellwood Investment Partners LLC purchased a new stake in shares of Microsoft during the fourth quarter valued at about $120,000. Institutional investors own 71.13% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on MSFT shares. DA Davidson increased their price target on shares of Microsoft from $450.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Stifel Nicolaus increased their price target on shares of Microsoft from $475.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Piper Sandler reissued an "overweight" rating on shares of Microsoft in a research report on Wednesday, May 21st. Benchmark reissued a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, Citigroup increased their price target on shares of Microsoft from $480.00 to $540.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Four analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $513.59.

Insider Transactions at Microsoft

In other news, EVP Takeshi Numoto sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $460.01, for a total transaction of $460,010.00. Following the sale, the executive vice president now owns 47,058 shares of the company's stock, valued at $21,647,150.58. This trade represents a 2.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kathleen T. Hogan sold 21,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the sale, the executive vice president now directly owns 134,888 shares in the company, valued at $61,208,127.76. The trade was a 13.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 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 company insiders.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $470.38 on Friday. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $473.34. The company's 50 day moving average is $417.20 and its 200 day moving average is $416.67. 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 market cap of $3.50 trillion, a PE ratio of 37.87, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter in the prior year, the company earned $2.94 EPS. Microsoft's quarterly revenue was up 13.3% on a year-over-year basis. On average, sell-side analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.71%. Microsoft's payout ratio is 25.66%.

Microsoft 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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