Microsoft Corporation (NASDAQ:MSFT) Shares Bought by TruWealth Advisors LLC

TruWealth Advisors LLC raised its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 3.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,172 shares of the software giant's stock after purchasing an additional 3,232 shares during the period. Microsoft accounts for about 2.1% of TruWealth Advisors LLC's portfolio, making the stock its 12th biggest position. TruWealth Advisors LLC's holdings in Microsoft were worth $34,601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Microsoft in the fourth quarter worth approximately $44,343,058,000. GAMMA Investing LLC raised its holdings in shares of Microsoft by 40,290.4% in the first quarter. GAMMA Investing LLC now owns 46,695,303 shares of the software giant's stock worth $17,528,950,000 after buying an additional 46,579,693 shares during the period. Proficio Capital Partners LLC raised its holdings in shares of Microsoft by 34,643.3% in the fourth quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock worth $7,096,913,000 after buying an additional 16,788,816 shares during the period. Northern Trust Corp raised its holdings in shares of Microsoft by 16.1% in the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock worth $35,316,535,000 after buying an additional 11,600,470 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Microsoft by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock worth $288,336,224,000 after buying an additional 10,431,988 shares during the period. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Stock Up 1.5%

Shares of NASDAQ:MSFT traded up $7.16 on Friday, reaching $498.25. The company had a trading volume of 13,984,829 shares, compared to its average volume of 21,692,275. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $500.76. The firm's 50 day simple moving average is $461.41 and its 200-day simple moving average is $423.67. The firm has a market capitalization of $3.70 trillion, a PE ratio of 38.50, a PEG ratio of 2.26 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.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. The business had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The business's revenue was up 13.3% compared to the same quarter last year. During the same period last year, the business posted $2.94 EPS. As a group, analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.67%. Microsoft's payout ratio is 25.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MSFT shares. Needham & Company LLC reiterated a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Citigroup increased their price target on Microsoft from $540.00 to $605.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Wall Street Zen downgraded Microsoft from a "buy" rating to a "hold" rating in a report on Monday, June 30th. Cantor Fitzgerald raised their price objective on Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, Benchmark restated a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $524.71.

Insider Transactions at Microsoft

In other news, EVP Takeshi Numoto sold 3,000 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total value of $1,389,000.00. Following the completion of the sale, the executive vice president owned 43,930 shares of the company's stock, valued at $20,339,590. This trade represents a 6.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the sale, the executive vice president directly owned 134,888 shares of the company's stock, valued at $61,208,127.76. The trade was a 13.75% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is currently owned by corporate insiders.

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.