Garrett Wealth Advisory Group LLC Has $1.70 Million Position in Microsoft Co. (NASDAQ:MSFT)

Garrett Wealth Advisory Group LLC lifted its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 19.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,030 shares of the software giant's stock after purchasing an additional 661 shares during the period. Microsoft comprises 0.4% of Garrett Wealth Advisory Group LLC's holdings, making the stock its 25th biggest holding. Garrett Wealth Advisory Group LLC's holdings in Microsoft were worth $1,699,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MSFT. Adamsbrown Wealth Consultants LLC grew its stake in shares of Microsoft by 2.2% in 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 during the last quarter. Mcdaniel Terry & Co. grew its position 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 buying an additional 18,052 shares in the last quarter. Centric Wealth Management lifted its position in shares of Microsoft by 0.7% in the 3rd quarter. Centric Wealth Management now owns 16,156 shares of the software giant's stock worth $6,789,000 after acquiring an additional 112 shares during the period. 1900 Wealth Management LLC grew its holdings in shares of Microsoft by 3.0% during the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock worth $4,274,000 after purchasing an additional 294 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Microsoft by 2.4% during the third quarter. The Manufacturers Life Insurance Company now owns 9,250,128 shares of the software giant's stock valued at $3,980,299,000 after purchasing an additional 217,509 shares during the period. Institutional investors own 71.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Microsoft from $500.00 to $515.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. UBS Group decreased their target price on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Royal Bank of Canada increased their price target on shares of Microsoft from $500.00 to $525.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Bank of America decreased their price objective on Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Finally, Tigress Financial increased their target price on Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Five research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $507.77.

Insider Buying and Selling

In other news, insider Bradford L. Smith sold 6,000 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the transaction, the insider now owns 471,036 shares of the company's stock, valued at approximately $204,038,664.12. This represents a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Performance

Shares of NASDAQ MSFT traded up $0.56 during trading hours on Friday, reaching $438.73. 15,313,766 shares of the stock were exchanged, compared to its average volume of 21,422,204. The firm has a market capitalization of $3.26 trillion, a price-to-earnings ratio of 35.32, a P/E/G ratio of 2.21 and a beta of 0.99. The stock's fifty day simple moving average is $389.19 and its 200 day simple moving average is $411.74. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.24. The business had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The firm's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.94 earnings per share. Sell-side analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.76%. Microsoft's dividend payout ratio (DPR) is currently 25.66%.

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.