Strategic Family Wealth Counselors L.L.C. Purchases 920 Shares of Microsoft Co. (NASDAQ:MSFT)

Strategic Family Wealth Counselors L.L.C. increased its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 12.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,600 shares of the software giant's stock after purchasing an additional 920 shares during the period. Microsoft makes up approximately 1.2% of Strategic Family Wealth Counselors L.L.C.'s investment portfolio, making the stock its 28th largest holding. Strategic Family Wealth Counselors L.L.C.'s holdings in Microsoft were worth $3,625,000 as of its most recent SEC filing.

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

Microsoft Trading Up 0.8%

MSFT traded up $3.80 during trading on Wednesday, reaching $452.94. 19,864,490 shares of the stock traded hands, compared to its average volume of 21,486,259. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The stock's 50-day moving average is $391.20 and its 200 day moving average is $411.86. The stock has a market capitalization of $3.37 trillion, a PE ratio of 36.47, a P/E/G ratio of 2.21 and a beta of 0.99.

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 the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The business had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same period in the prior year, the firm earned $2.94 earnings per share. Microsoft's revenue was up 13.3% on a year-over-year basis. Equities analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Thursday, May 15th. Microsoft's payout ratio is 25.66%.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of research reports. Jefferies Financial Group increased their target price on Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. The Goldman Sachs Group increased their price objective on Microsoft from $450.00 to $480.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. boosted their target price on Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Wells Fargo & Company upped their price target on Microsoft from $500.00 to $515.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, Barclays lifted their price objective on shares of Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a 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 company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $507.77.

Insider Buying and Selling

In related news, insider Bradford L. Smith sold 6,000 shares of Microsoft stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the transaction, the insider now owns 471,036 shares of the company's stock, valued at $204,038,664.12. The trade was a 1.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is owned by company 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.