Stockman Wealth Management Inc. lifted its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 4.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 52,730 shares of the software giant's stock after purchasing an additional 2,153 shares during the quarter. Microsoft comprises 2.9% of Stockman Wealth Management Inc.'s portfolio, making the stock its 8th biggest holding. Stockman Wealth Management Inc.'s holdings in Microsoft were worth $19,794,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Adamsbrown Wealth Consultants LLC raised its position in Microsoft by 2.2% during the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock valued at $2,515,000 after purchasing an additional 130 shares in the last quarter. Mcdaniel Terry & Co. raised its position in shares of Microsoft by 6.1% in the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock worth $133,023,000 after acquiring an additional 18,052 shares in the last quarter. 1900 Wealth Management LLC grew its stake in Microsoft by 3.0% during the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock worth $4,274,000 after buying an additional 294 shares during the last quarter. Strategic Financial Services Inc. increased its position in Microsoft by 7.8% during the 4th quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock valued at $7,345,000 after buying an additional 1,268 shares in the last quarter. Finally, Elevate Wealth Advisory Inc. increased its position in Microsoft by 147.9% during the 4th quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock valued at $737,000 after buying an additional 1,043 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.
Microsoft Stock Performance
Shares of NASDAQ MSFT traded up $1.27 during midday trading on Friday, reaching $512.15. 1,989,010 shares of the company were exchanged, compared to its average volume of 22,133,133. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $514.64. The stock has a fifty day simple moving average of $482.33 and a 200 day simple moving average of $430.84. The stock has a market cap of $3.81 trillion, a P/E ratio of 39.60, a PEG ratio of 2.30 and a beta of 1.04.
Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The company had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same quarter in the previous year, the company earned $2.94 EPS. The firm's revenue for the quarter was up 13.3% compared to the same quarter last year. On average, research analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.
Microsoft Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders 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 dividend yield of 0.65%. Microsoft's payout ratio is 25.66%.
Analyst Upgrades and Downgrades
MSFT has been the topic of several recent analyst reports. Benchmark reaffirmed a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Jefferies Financial Group upped their target price on Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Piper Sandler upped their target price on Microsoft from $475.00 to $600.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. KeyCorp restated a "sector weight" rating on shares of Microsoft in a research note on Thursday, April 17th. Finally, Morgan Stanley restated an "overweight" rating and issued a $530.00 target price (up previously from $482.00) on shares of Microsoft in a research note on Thursday, June 26th. Four equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company's stock. Based on data from MarketBeat, Microsoft currently has a consensus rating of "Moderate Buy" and an average target price of $550.14.
Check Out Our Latest Research Report on MSFT
Insider Activity at Microsoft
In related news, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 43,100 shares in the company, valued at $19,481,631. The trade was a 23.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bradford L. Smith sold 6,000 shares of Microsoft stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the transaction, the insider owned 471,036 shares of the company's stock, valued at $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 90 days, insiders sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is currently owned by company insiders.
About Microsoft
(
Free Report)
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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