Microsoft Co. (NASDAQ:MSFT) is NewEdge Wealth LLC's Largest Position

NewEdge Wealth LLC boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 679,931 shares of the software giant's stock after acquiring an additional 36,208 shares during the quarter. Microsoft comprises 5.0% of NewEdge Wealth LLC's holdings, making the stock its largest holding. NewEdge Wealth LLC's holdings in Microsoft were worth $286,591,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WFA Asset Management Corp boosted its position in shares of Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after buying an additional 216 shares during the period. Ironwood Wealth Management LLC. increased its stake in Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after purchasing an additional 38 shares during the period. Discipline Wealth Solutions LLC lifted its position in shares of Microsoft by 410.4% during the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after purchasing an additional 2,138 shares in the last quarter. Swedbank AB boosted its stake in shares of Microsoft by 0.4% in the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant's stock valued at $5,890,530,000 after purchasing an additional 49,288 shares during the period. Finally, Pettinga Financial Advisors LLC grew its holdings in shares of Microsoft by 1.4% in the third quarter. Pettinga Financial Advisors LLC now owns 7,749 shares of the software giant's stock valued at $3,334,000 after purchasing an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wedbush raised their price target on shares of Microsoft from $475.00 to $515.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Scotiabank boosted their target price on Microsoft from $470.00 to $500.00 and gave the stock a "sector outperform" rating in a research note on Thursday, May 1st. Bank of America reduced their price target on Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. BMO Capital Markets boosted their price objective on Microsoft from $470.00 to $485.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Finally, Benchmark reaffirmed a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Five analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $507.77.

Microsoft Stock Down 0.7 %

MSFT traded down $2.86 on Tuesday, reaching $433.31. The company's stock had a trading volume of 14,999,650 shares, compared to its average volume of 21,359,547. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The business's 50 day moving average is $386.48 and its 200 day moving average is $411.27. The stock has a market cap of $3.22 trillion, a price-to-earnings ratio of 34.89, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The firm had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. During the same quarter last year, the company posted $2.94 earnings per share. Microsoft's revenue was up 13.3% on a year-over-year basis. As a group, research analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio is currently 25.66%.

Insider Activity

In related news, insider Bradford L. Smith sold 75,000 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total value of $32,703,750.00. Following the sale, the insider now directly owns 476,999 shares in the company, valued at $207,995,413.95. The trade was a 13.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is owned by insiders.

Microsoft 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.