Kingsview Wealth Management LLC grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 4.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 204,109 shares of the software giant’s stock after buying an additional 9,465 shares during the period. Microsoft accounts for about 2.2% of Kingsview Wealth Management LLC’s investment portfolio, making the stock its 5th biggest holding. Kingsview Wealth Management LLC’s holdings in Microsoft were worth $85,873,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blackston Financial Advisory Group LLC bought a new position in Microsoft during the fourth quarter valued at about $2,641,000. Accel Wealth Management grew its position in Microsoft by 11.0% in the fourth quarter. Accel Wealth Management now owns 6,289 shares of the software giant’s stock worth $2,365,000 after buying an additional 622 shares during the last quarter. Parker Financial LLC lifted its holdings in shares of Microsoft by 7.6% during the fourth quarter. Parker Financial LLC now owns 3,595 shares of the software giant’s stock valued at $1,352,000 after purchasing an additional 253 shares during the last quarter. Evanson Asset Management LLC increased its stake in Microsoft by 0.6% in the 4th quarter. Evanson Asset Management LLC now owns 30,821 shares of the software giant’s stock worth $11,590,000 after purchasing an additional 193 shares in the last quarter. Finally, Ballast Inc. raised its stake in Microsoft by 19.6% during the 4th quarter. Ballast Inc. now owns 15,687 shares of the software giant’s stock valued at $5,899,000 after purchasing an additional 2,566 shares during the period. 71.13% of the stock is owned by institutional investors.
Microsoft Price Performance
Shares of Microsoft stock opened at $406.02 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $3.02 trillion, a price-to-earnings ratio of 35.15, a price-to-earnings-growth ratio of 2.11 and a beta of 0.90. The company has a 50-day simple moving average of $437.21 and a two-hundred day simple moving average of $421.77. Microsoft Co. has a twelve month low of $309.45 and a twelve month high of $468.35.
Microsoft (NASDAQ:MSFT – Get Free Report) last released its earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.05. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The company had revenue of $64.73 billion for the quarter, compared to analyst estimates of $64.38 billion. During the same period in the prior year, the firm posted $2.69 EPS. Microsoft’s quarterly revenue was up 15.2% on a year-over-year basis. Analysts forecast that Microsoft Co. will post 13.04 EPS for the current year.
Microsoft Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.74%. Microsoft’s dividend payout ratio (DPR) is currently 25.97%.
Insider Buying and Selling
In other news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the transaction, the executive vice president now directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the sale, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the transaction, the executive vice president now owns 104,949 shares in the company, valued at $44,674,690.32. The disclosure for this sale can be found here. Insiders sold a total of 25,566 shares of company stock worth $10,877,535 in the last three months. 0.03% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on MSFT shares. Mizuho increased their price objective on Microsoft from $450.00 to $480.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. TD Cowen increased their target price on shares of Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. UBS Group lowered their price target on shares of Microsoft from $520.00 to $510.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Wells Fargo & Company boosted their target price on Microsoft from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, Morgan Stanley reduced their target price on shares of Microsoft from $520.00 to $506.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. Based on data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and a consensus target price of $493.06.
Read Our Latest Research Report on Microsoft
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.
Featured Articles
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT – Free Report).
Receive News & Ratings for Microsoft Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Microsoft and related companies with MarketBeat.com’s FREE daily email newsletter.
