Legacy Wealth Management LLC MS reduced its position in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,975 shares of the software giant’s stock after selling 920 shares during the period. Microsoft accounts for about 7.4% of Legacy Wealth Management LLC MS’s portfolio, making the stock its 2nd largest holding. Legacy Wealth Management LLC MS’s holdings in Microsoft were worth $18,535,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in MSFT. Christopher J. Hasenberg Inc raised its stake in Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after purchasing an additional 25 shares during the last quarter. Quarry LP purchased a new stake in shares of Microsoft during the second quarter worth $45,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Microsoft in the third quarter valued at about $62,000. Carolina Wealth Advisors LLC lifted its stake in shares of Microsoft by 10.1% in the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after buying an additional 31 shares in the last quarter. Finally, MayTech Global Investments LLC acquired a new position in Microsoft during the second quarter worth about $200,000. Institutional investors and hedge funds own 71.13% of the company’s stock.
Microsoft Price Performance
MSFT opened at $408.43 on Friday. The stock’s 50-day moving average price is $428.76 and its 200 day moving average price is $422.94. Microsoft Co. has a 12-month low of $385.58 and a 12-month high of $468.35. The firm has a market cap of $3.04 trillion, a price-to-earnings ratio of 32.88, a PEG ratio of 2.21 and a beta of 0.90. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.
Microsoft (NASDAQ:MSFT – Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 previous year, the firm earned $2.93 EPS. As a group, sell-side analysts expect that Microsoft Co. will post 13.07 earnings per share for the current year.
Microsoft Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.81%. Microsoft’s dividend payout ratio (DPR) is 26.73%.
Insider Transactions at Microsoft
In related news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the completion of the transaction, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at $48,911,598. The trade was a 17.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $430.87, for a total value of $1,077,175.00. Following the completion of the sale, the chief marketing officer now directly owns 53,852 shares in the company, valued at $23,203,211.24. This represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,000 shares of company stock valued at $14,333,540. 0.03% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. Truist Financial reiterated a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a report on Monday, October 28th. Wedbush reaffirmed an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a report on Tuesday, November 19th. Cantor Fitzgerald reissued an “overweight” rating and set a $509.00 price objective on shares of Microsoft in a research note on Wednesday, January 29th. Sanford C. Bernstein cut their target price on Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, Guggenheim reissued a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus price target of $510.96.
Check Out Our Latest Stock Analysis on Microsoft
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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