Oak Grove Capital LLC Grows Stock Position in Microsoft Co. (NASDAQ:MSFT)

Oak Grove Capital LLC grew its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 16.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,397 shares of the software giant's stock after acquiring an additional 6,128 shares during the period. Microsoft accounts for approximately 2.7% of Oak Grove Capital LLC's holdings, making the stock its 9th largest position. Oak Grove Capital LLC's holdings in Microsoft were worth $17,870,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. WFA Asset Management Corp boosted its stake in Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock valued at $427,000 after purchasing an additional 216 shares during the period. Ironwood Wealth Management LLC. boosted its position in shares of Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after acquiring an additional 38 shares in the last quarter. Discipline Wealth Solutions LLC raised its holdings in shares of Microsoft by 410.4% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after buying an additional 2,138 shares in the last quarter. Swedbank AB lifted its holdings 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 worth $5,890,530,000 after acquiring an additional 49,288 shares during the last quarter. Finally, Pettinga Financial Advisors LLC lifted its stake in Microsoft by 1.4% in the 3rd 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 during the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Stock Performance

MSFT stock traded up $0.56 during mid-day trading on Friday, hitting $438.73. The company had a trading volume of 15,313,766 shares, compared to its average volume of 21,454,441. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35. The stock's fifty day moving average price is $389.19 and its two-hundred day moving average price is $411.63. The firm has a market cap of $3.26 trillion, a PE ratio of 35.32, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. 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 (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The business had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. During the same period in the prior year, the company earned $2.94 earnings per share. Microsoft's revenue was up 13.3% compared to the same quarter last year. On average, analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.76%. Microsoft's dividend payout ratio is presently 25.66%.

Analyst Upgrades and Downgrades

MSFT has been the subject of several research reports. Royal Bank of Canada increased their target price on Microsoft from $500.00 to $525.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. UBS Group reduced their target price on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a report on Monday, April 14th. KeyCorp reiterated a "sector weight" rating on shares of Microsoft in a report on Thursday, April 17th. Bank of America lowered their target price on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Finally, Westpark Capital reiterated a "hold" rating on shares of Microsoft in a research report on Thursday, May 1st. Five analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to MarketBeat.com, Microsoft presently has an average rating of "Moderate Buy" and a consensus target price of $507.77.

Insider Transactions at Microsoft

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 stock was sold at an average price of $436.05, for a total value of $32,703,750.00. Following the completion of the sale, the insider now 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 filing with the SEC, which is available through the SEC website. Corporate insiders own 0.03% of the company's stock.

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.