RKL Wealth Management LLC Boosts Position in Microsoft Corporation (NASDAQ:MSFT)

RKL Wealth Management LLC boosted its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,597 shares of the software giant's stock after buying an additional 671 shares during the quarter. Microsoft makes up approximately 2.1% of RKL Wealth Management LLC's portfolio, making the stock its 9th biggest position. RKL Wealth Management LLC's holdings in Microsoft were worth $22,748,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Newton One Investments LLC raised its holdings in Microsoft by 66.7% in the first quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock worth $28,000 after purchasing an additional 30 shares in the last quarter. Ball & Co Wealth Management Inc. bought a new stake in Microsoft in the 4th quarter worth about $31,000. LSV Asset Management bought a new stake in Microsoft in the 4th quarter worth about $44,000. IFS Advisors LLC boosted its position in Microsoft by 50.0% in the first quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock worth $57,000 after purchasing an additional 50 shares during the last quarter. Finally, Fairway Wealth LLC purchased a new position in Microsoft in the fourth quarter worth about $62,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insiders Place Their Bets

In other news, EVP Takeshi Numoto sold 4,850 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $527.32, for a total value of $2,557,502.00. Following the transaction, the executive vice president owned 39,111 shares in the company, valued at $20,624,012.52. This trade represents a 11.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Judson Althoff sold 16,000 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $458.18, for a total value of $7,330,880.00. Following the completion of the transaction, the executive vice president owned 98,010 shares in the company, valued at approximately $44,906,221.80. This trade represents a 14.03% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,350 shares of company stock worth $21,493,447. 0.03% of the stock is owned by corporate insiders.

Microsoft Trading Up 0.4%

Shares of NASDAQ:MSFT opened at $522.48 on Friday. The business's 50-day moving average is $501.60 and its 200 day moving average is $440.51. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market capitalization of $3.88 trillion, a P/E ratio of 38.30, a P/E/G ratio of 2.28 and a beta of 1.06. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $555.45.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The software giant reported $3.65 earnings per share for the quarter, beating analysts' consensus estimates of $3.35 by $0.30. The business had revenue of $76.44 billion for the quarter, compared to analyst estimates of $73.79 billion. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The company's revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.95 earnings per share. On average, research analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

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

Analyst Ratings Changes

Several research analysts have issued reports on the company. Morgan Stanley raised their target price on Microsoft from $530.00 to $582.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Scotiabank lifted their price objective on Microsoft from $500.00 to $650.00 and gave the stock a "sector outperform" rating in a research note on Thursday, July 31st. Oppenheimer boosted their price objective on shares of Microsoft from $600.00 to $630.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. DA Davidson upped their price objective on Microsoft from $600.00 to $650.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Royal Bank Of Canada upped their target price on Microsoft from $525.00 to $640.00 and gave the stock 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. According to data from MarketBeat.com, Microsoft presently has an average rating of "Moderate Buy" and an average target price of $609.86.

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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