Noble Wealth Management PBC Makes New $943,000 Investment in Microsoft Co. (NASDAQ:MSFT)

Noble Wealth Management PBC acquired a new stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 2,237 shares of the software giant's stock, valued at approximately $943,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fiduciary Advisors Inc. purchased a new position in Microsoft in the fourth quarter valued at $38,000. IFS Advisors LLC lifted its position in shares of Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after purchasing an additional 35 shares during the last quarter. Avondale Wealth Management lifted its holdings in shares of Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after purchasing an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new position in shares of Microsoft during the third quarter worth about $62,000. Finally, Kieckhefer Group LLC purchased a new position in shares of Microsoft during the 4th quarter worth approximately $141,000. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Up 0.0 %

MSFT stock traded up $0.04 during trading on Wednesday, reaching $433.35. The stock had a trading volume of 23,291,874 shares, compared to its average volume of 21,372,691. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The firm has a fifty day moving average price of $386.48 and a 200 day moving average price of $411.27. The company has a market capitalization of $3.22 trillion, a P/E ratio of 34.89, a PEG 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 quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The company had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same period last year, the company earned $2.94 earnings per share. The company's quarterly revenue was up 13.3% compared to the same quarter last year. On average, equities analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

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. This represents a $3.32 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's payout ratio is 25.66%.

Insider Activity

In related 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 $204,038,664.12. This represents a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. BMO Capital Markets increased their target price on shares of Microsoft from $470.00 to $485.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Scotiabank raised their price objective on shares of Microsoft from $470.00 to $500.00 and gave the stock a "sector outperform" rating in a research note on Thursday, May 1st. DA Davidson boosted their target price on shares of Microsoft from $450.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Stifel Nicolaus raised their price objective on shares of Microsoft from $475.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Finally, Needham & Company LLC reissued 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 given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $507.77.

About Microsoft

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.