Rockport Wealth LLC Has $6.14 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Rockport Wealth LLC lifted its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 1,719.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,556 shares of the software giant's stock after buying an additional 13,756 shares during the period. Microsoft makes up approximately 2.7% of Rockport Wealth LLC's investment portfolio, making the stock its 5th biggest position. Rockport Wealth LLC's holdings in Microsoft were worth $6,135,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in MSFT. Fiduciary Advisors Inc. acquired a new stake in shares of Microsoft in the 4th quarter valued at $38,000. IFS Advisors LLC boosted 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 valued at $42,000 after purchasing an additional 35 shares in the last quarter. Avondale Wealth Management boosted 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 valued at $46,000 after purchasing an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in shares of Microsoft in the 3rd quarter valued at $62,000. Finally, Fairway Wealth LLC acquired a new stake in shares of Microsoft in the 4th quarter valued at $62,000. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Performance

Shares of Microsoft stock opened at $450.18 on Friday. 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 business has a 50-day moving average price of $402.37 and a two-hundred day moving average price of $413.88. Microsoft Co. has a 1-year low of $344.79 and a 1-year high of $468.35. The company has a market cap of $3.35 trillion, a P/E ratio of 36.25, a PEG ratio of 2.21 and a beta of 0.99.

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 analysts' consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The firm had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same period last year, the business posted $2.94 EPS. The business's revenue was up 13.3% compared to the same quarter last year. As a group, analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MSFT. Barclays raised their target price on Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. DA Davidson increased their price target on Microsoft from $450.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. increased their price target on Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. TD Securities increased their price target on Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Finally, Evercore ISI set a $515.00 price target on Microsoft and gave the company an "outperform" rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $513.13.

Insiders Place Their Bets

In other Microsoft news, EVP Amy Coleman sold 13,243 shares of the 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 sale, the executive vice president now directly owns 43,100 shares in the company, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 sale, the insider now 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. In the last ninety days, insiders sold 131,743 shares of company stock worth $58,375,673. Company insiders own 0.03% of the company's stock.

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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