LongView Wealth Management reduced its position in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,238 shares of the software giant’s stock after selling 770 shares during the quarter. Microsoft accounts for approximately 1.3% of LongView Wealth Management’s investment portfolio, making the stock its 20th biggest holding. LongView Wealth Management’s holdings in Microsoft were worth $4,316,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MSFT. WFA Asset Management Corp raised its position in 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 acquiring an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. raised its position 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 acquiring an additional 38 shares in the last quarter. Diversify Wealth Management LLC bought a new stake in Microsoft during the second quarter worth $11,240,000. Element Capital Management LLC increased its holdings in shares of Microsoft by 264.9% in the second quarter. Element Capital Management LLC now owns 48,321 shares of the software giant’s stock valued at $21,597,000 after purchasing an additional 35,077 shares during the last quarter. Finally, Ogorek Anthony Joseph NY ADV increased its holdings in shares of Microsoft by 14.6% in the second quarter. Ogorek Anthony Joseph NY ADV now owns 5,559 shares of the software giant’s stock valued at $2,484,000 after purchasing an additional 707 shares during the last quarter. 71.13% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities analysts have commented on MSFT shares. Wedbush reiterated an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a report on Tuesday, November 19th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $509.00 price objective on shares of Microsoft in a report on Wednesday, January 29th. Morgan Stanley decreased their price objective on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Piper Sandler reiterated an “overweight” rating and issued a $520.00 price objective on shares of Microsoft in a report on Monday, January 27th. Finally, Guggenheim reiterated a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Four investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $510.96.
View Our Latest Analysis on Microsoft
Microsoft Trading Up 1.2 %
Shares of Microsoft stock opened at $397.12 on Friday. The company has a market capitalization of $2.95 trillion, a price-to-earnings ratio of 31.97, a PEG ratio of 2.21 and a beta of 0.90. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 12-month low of $385.58 and a 12-month high of $468.35. The firm’s 50-day moving average price is $420.68 and its two-hundred day moving average price is $422.62.
Microsoft (NASDAQ:MSFT – Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter in the prior year, the business earned $2.93 EPS. On average, analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.
Microsoft Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.84%. Microsoft’s dividend payout ratio (DPR) is currently 26.73%.
Insider Transactions at Microsoft
In other news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $447.41, for a total value of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. This represents a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 7,000 shares of company stock valued at $3,070,340. 0.03% of the stock is currently owned by insiders.
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.
See Also
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