Waterfront Wealth Inc. Sells 1,118 Shares of Microsoft Corporation (NASDAQ:MSFT)

Waterfront Wealth Inc. lowered its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 6.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,160 shares of the software giant's stock after selling 1,118 shares during the quarter. Microsoft accounts for about 1.4% of Waterfront Wealth Inc.'s investment portfolio, making the stock its 14th largest position. Waterfront Wealth Inc.'s holdings in Microsoft were worth $5,691,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. WFA Asset Management Corp lifted its holdings in Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock valued at $427,000 after buying an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. increased its holdings in shares of Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock valued at $5,658,000 after acquiring an additional 38 shares in the last quarter. Discipline Wealth Solutions LLC raised its position in shares of Microsoft by 410.4% in the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock valued at $1,144,000 after purchasing an additional 2,138 shares during the last quarter. Wealth Group Ltd. lifted its stake in shares of Microsoft by 1.2% during the fourth quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant's stock worth $1,000,000 after buying an additional 28 shares during the period. Finally, Tallon Kerry Patrick acquired a new stake in Microsoft during the 4th quarter worth about $1,375,000. 71.13% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Amy Coleman sold 13,243 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the sale, the executive vice president directly owned 43,100 shares in the company, valued at approximately $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Judson Althoff sold 16,000 shares of Microsoft stock in a transaction on 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 owned 98,010 shares in the company, valued at $44,906,221.80. The trade was a 14.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,743 shares of company stock valued at $24,921,913 in the last quarter. Corporate insiders own 0.03% of the company's stock.

Microsoft Trading Up 1.4%

NASDAQ:MSFT opened at $529.24 on Wednesday. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $555.45. The company has a market capitalization of $3.93 trillion, a PE ratio of 38.80, a price-to-earnings-growth ratio of 2.28 and a beta of 1.06. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.12. The stock has a fifty day simple moving average of $499.37 and a 200-day simple moving average of $439.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The software giant reported $3.65 EPS for the quarter, beating analysts' consensus estimates of $3.35 by $0.30. The business had revenue of $76.44 billion for the quarter, compared to analyst estimates of $73.79 billion. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The business's revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.95 earnings per share. On average, equities research analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is presently 24.34%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. DA Davidson boosted their price objective on Microsoft from $600.00 to $650.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Jefferies Financial Group raised their price objective on shares of Microsoft from $600.00 to $675.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Westpark Capital reaffirmed a "hold" rating on shares of Microsoft in a research note on Thursday, July 31st. Citigroup upped their price objective on Microsoft from $605.00 to $613.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. increased their price objective on Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Two research 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, Microsoft has a consensus rating of "Moderate Buy" and an average target price of $609.86.

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.

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