Wealthcare Advisory Partners LLC Has $34.49 Million Stock Holdings in Microsoft Corporation (NASDAQ:MSFT)

Wealthcare Advisory Partners LLC lessened its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 91,872 shares of the software giant's stock after selling 1,782 shares during the quarter. Microsoft makes up about 0.9% of Wealthcare Advisory Partners LLC's investment portfolio, making the stock its 22nd biggest position. Wealthcare Advisory Partners LLC's holdings in Microsoft were worth $34,488,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in MSFT. Adamsbrown Wealth Consultants LLC raised its position in shares of Microsoft by 2.2% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock worth $2,515,000 after buying an additional 130 shares during the period. Mcdaniel Terry & Co. raised its position in Microsoft by 6.1% in the fourth 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 period. 1900 Wealth Management LLC raised its position in Microsoft by 3.0% in the fourth 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 period. Strategic Financial Services Inc. raised its position in Microsoft by 7.8% in the fourth 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 period. Finally, Elevate Wealth Advisory Inc. raised its position in Microsoft by 147.9% in the fourth 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 period. Hedge funds and other institutional investors own 71.13% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on MSFT shares. Cantor Fitzgerald raised their price objective on Microsoft from $502.00 to $512.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Oppenheimer upgraded Microsoft from a "market perform" rating to an "outperform" rating and set a $600.00 price target on the stock in a research note on Wednesday. Stifel Nicolaus raised their price objective on Microsoft from $475.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Wedbush upped their target price on Microsoft from $515.00 to $600.00 and gave the company an "outperform" rating in a research report on Wednesday, June 25th. Finally, Citigroup increased their target price on Microsoft from $540.00 to $605.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. Four equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to MarketBeat.com, Microsoft presently has a consensus rating of "Moderate Buy" and an average target price of $534.14.

Insider Buying and Selling at Microsoft

In related news, EVP Kathleen T. Hogan sold 21,500 shares of the business's stock in a transaction that occurred on 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 sale, the executive vice president owned 134,888 shares of the company's stock, valued at $61,208,127.76. The trade was a 13.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Judson Althoff sold 16,000 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was 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 in the company, valued at approximately $44,906,221.80. The trade was a 14.03% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is currently owned by insiders.

Microsoft Stock Performance

Shares of NASDAQ MSFT traded up $1.84 during midday trading on Friday, hitting $503.32. 16,454,184 shares of the company's stock were exchanged, compared to its average volume of 21,657,924. 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 stock's 50 day moving average price is $469.28 and its 200-day moving average price is $425.41. The firm has a market cap of $3.74 trillion, a P/E ratio of 38.90, a PEG ratio of 2.28 and a beta of 1.04. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $506.78.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.24. The business had revenue of $70.07 billion during 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% on a year-over-year basis. During the same period in the previous year, the firm posted $2.94 earnings per share. Equities research analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current 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 dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.66%. Microsoft's dividend payout ratio is presently 25.66%.

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.