Yukon Wealth Management Inc. Purchases New Shares in Microsoft Corporation (NASDAQ:MSFT)

Yukon Wealth Management Inc. acquired a new position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,070 shares of the software giant's stock, valued at approximately $7,159,000. Microsoft makes up about 3.0% of Yukon Wealth Management Inc.'s portfolio, making the stock its 7th largest position.

Several other hedge funds have also bought and sold shares of MSFT. Rossby Financial LCC increased its holdings in shares of Microsoft by 16.7% in the 1st quarter. Rossby Financial LCC now owns 9,581 shares of the software giant's stock worth $3,754,000 after purchasing an additional 1,374 shares in the last quarter. Phraction Management LLC increased its holdings in shares of Microsoft by 9.0% in the 1st quarter. Phraction Management LLC now owns 54,925 shares of the software giant's stock worth $20,618,000 after purchasing an additional 4,549 shares in the last quarter. DAVENPORT & Co LLC increased its holdings in shares of Microsoft by 0.8% in the 1st quarter. DAVENPORT & Co LLC now owns 928,275 shares of the software giant's stock worth $348,868,000 after purchasing an additional 7,796 shares in the last quarter. Sageworth Trust Co of South Dakota bought a new stake in shares of Microsoft in the 1st quarter worth $299,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Microsoft by 4.6% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 1,222,395 shares of the software giant's stock worth $458,875,000 after purchasing an additional 53,265 shares in the last quarter. Institutional investors own 71.13% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on MSFT shares. Piper Sandler lifted their target price on Microsoft from $600.00 to $650.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Oppenheimer lifted their price objective on Microsoft from $600.00 to $630.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. DA Davidson lifted their price objective on Microsoft from $600.00 to $650.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $650.00 price objective (up previously from $600.00) on shares of Microsoft in a report on Thursday, July 31st. Finally, Jefferies Financial Group lifted their price objective on Microsoft from $600.00 to $675.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Two equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to data from MarketBeat.com, Microsoft currently has an average rating of "Moderate Buy" and an average target price of $609.86.

Microsoft Price Performance

MSFT stock opened at $520.17 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35. The business has a 50 day simple moving average of $502.60 and a 200-day simple moving average of $441.02. The firm has a market capitalization of $3.87 trillion, a PE ratio of 38.14, a price-to-earnings-growth ratio of 2.29 and a beta of 1.06. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $555.45.

Microsoft (NASDAQ:MSFT - Get Free Report) last released 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. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The firm had revenue of $76.44 billion for the quarter, compared to analysts' expectations of $73.79 billion. During the same period in the prior year, the firm posted $2.95 earnings per share. The firm's quarterly revenue was up 18.1% on a year-over-year basis. Equities research analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid 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 0.6%. Microsoft's payout ratio is presently 24.34%.

Insider Activity

In other news, EVP Kathleen T. Hogan sold 21,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the transaction, the executive vice president owned 134,888 shares of the company's stock, valued at approximately $61,208,127.76. This trade represents a 13.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Takeshi Numoto sold 4,850 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $527.32, for a total transaction of $2,557,502.00. Following the completion of the transaction, the executive vice president directly owned 39,111 shares of the company's stock, valued at approximately $20,624,012.52. The trade was a 11.03% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,350 shares of company stock valued at $21,493,447. 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.

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