Toth Financial Advisory Corp Cuts Position in Microsoft Corporation (NASDAQ:MSFT)

Toth Financial Advisory Corp trimmed its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,847 shares of the software giant's stock after selling 1,241 shares during the period. Microsoft makes up 2.8% of Toth Financial Advisory Corp's investment portfolio, making the stock its 2nd largest holding. Toth Financial Advisory Corp's holdings in Microsoft were worth $23,592,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MSFT. Adamsbrown Wealth Consultants LLC increased its position in shares of 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 during the last quarter. Mcdaniel Terry & Co. increased its position in shares of Microsoft by 6.1% during the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock valued at $133,023,000 after purchasing an additional 18,052 shares during the last quarter. 1900 Wealth Management LLC increased its position in shares of Microsoft by 3.0% during the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock valued at $4,274,000 after purchasing an additional 294 shares during the last quarter. Strategic Financial Services Inc. increased its position in shares of 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 purchasing an additional 1,268 shares during the last quarter. Finally, Elevate Wealth Advisory Inc. increased its position in shares of 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 purchasing an additional 1,043 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MSFT shares. Stifel Nicolaus lifted their price objective on Microsoft from $475.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Benchmark reissued a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. TD Securities lifted their price objective on Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. BMO Capital Markets reissued an "outperform" rating on shares of Microsoft in a report on Wednesday, May 21st. Finally, Mizuho lifted their price objective on Microsoft from $475.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Five analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $524.71.

Microsoft Stock Down 0.2%

Shares of MSFT stock opened at $496.62 on Wednesday. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $500.76. The stock's fifty day moving average price is $465.60 and its 200 day moving average price is $424.41. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. The company has a market cap of $3.69 trillion, a price-to-earnings ratio of 38.38, a price-to-earnings-growth ratio of 2.25 and a beta of 1.04.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $68.54 billion. During the same quarter in the previous year, the firm posted $2.94 EPS. The firm's revenue was up 13.3% compared to the same quarter last year. On average, research analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company 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 0.67%. Microsoft's dividend payout ratio is currently 25.66%.

Insider Activity at Microsoft

In other news, EVP Amy Coleman sold 13,243 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the transaction, the executive vice president owned 43,100 shares of the company's stock, valued at $19,481,631. The trade was a 23.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Judson Althoff sold 16,000 shares of the business's stock in a transaction dated 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 directly owned 98,010 shares of the company's stock, 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. Insiders have sold a total of 135,743 shares of company stock worth $60,224,683 in the last quarter. 0.03% of the stock is owned by insiders.

About Microsoft

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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