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

Toth Financial Advisory Corp decreased its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,847 shares of the software giant's stock after selling 1,241 shares during the quarter. Microsoft makes up 2.8% of Toth Financial Advisory Corp's investment portfolio, making the stock its 2nd biggest holding. Toth Financial Advisory Corp's holdings in Microsoft were worth $23,592,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Adamsbrown Wealth Consultants LLC boosted its stake in Microsoft by 2.2% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock worth $2,515,000 after acquiring an additional 130 shares in the last quarter. Mcdaniel Terry & Co. boosted its stake in Microsoft by 6.1% during the fourth 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 boosted its stake in Microsoft by 3.0% during the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock worth $4,274,000 after acquiring an additional 294 shares in the last quarter. Strategic Financial Services Inc. boosted its stake in Microsoft by 7.8% during the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock worth $7,345,000 after acquiring an additional 1,268 shares in the last quarter. Finally, Elevate Wealth Advisory Inc. boosted its stake in Microsoft by 147.9% during the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock worth $737,000 after acquiring an additional 1,043 shares in the last quarter. Institutional investors own 71.13% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on MSFT. BMO Capital Markets increased their target price on shares of Microsoft from $485.00 to $550.00 and gave the stock an "outperform" rating in a research note on Thursday. UBS Group reaffirmed a "positive" rating on shares of Microsoft in a research note on Monday, June 30th. Raymond James Financial raised their price objective on shares of Microsoft from $480.00 to $490.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Wedbush raised their price objective on shares of Microsoft from $515.00 to $600.00 and gave the company an "outperform" rating in a research note on Wednesday, June 25th. Finally, Tigress Financial raised their price objective on shares of Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Four 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, the company presently has an average rating of "Moderate Buy" and an average price target of $534.14.

Insider Transactions at Microsoft

In other news, EVP Judson Althoff sold 16,000 shares of the company'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 sale, the executive vice president directly owned 98,010 shares of the company's stock, valued at $44,906,221.80. This represents a 14.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of the company's stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 134,888 shares in the company, valued at $61,208,127.76. This represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is owned by insiders.

Microsoft Price Performance

Shares of Microsoft stock traded up $1.84 during trading on Friday, hitting $503.32. The stock had a trading volume of 16,454,184 shares, compared to its average volume of 21,673,776. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $506.78. The firm has a market cap of $3.74 trillion, a price-to-earnings ratio of 38.90, a P/E/G ratio of 2.28 and a beta of 1.04. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. The business's 50-day moving average is $470.64 and its 200 day moving average is $425.85.

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, topping analysts' consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The firm had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. During the same period in the previous year, the business posted $2.94 EPS. The business's quarterly revenue was up 13.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently disclosed 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. This represents a $3.32 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's payout ratio is currently 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.