1,496 Shares in Microsoft Co. (NASDAQ:MSFT) Bought by Wheelhouse Advisory Group LLC

Wheelhouse Advisory Group LLC bought a new stake in Microsoft Co. (NASDAQ:MSFT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,496 shares of the software giant’s stock, valued at approximately $563,000. Microsoft comprises 0.5% of Wheelhouse Advisory Group LLC’s portfolio, making the stock its 22nd largest position.

Several other institutional investors have also recently bought and sold shares of MSFT. Friedenthal Financial acquired a new position in Microsoft in the 4th quarter worth about $45,000. PayPay Securities Corp increased its position in Microsoft by 23.7% in the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after acquiring an additional 36 shares during the period. Authentikos Wealth Advisory LLC bought a new stake in shares of Microsoft in the third quarter worth $87,000. Family CFO Inc increased its holdings in Microsoft by 13.6% in the third quarter. Family CFO Inc now owns 359 shares of the software giant’s stock valued at $113,000 after purchasing an additional 43 shares during the period. Finally, Cordant Inc. raised its position in Microsoft by 647.8% during the 4th quarter. Cordant Inc. now owns 344 shares of the software giant’s stock worth $129,000 after purchasing an additional 298 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Trading Down 0.2 %

NASDAQ:MSFT opened at $420.21 on Monday. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $430.82. The firm has a 50-day moving average price of $415.05 and a two-hundred day moving average price of $396.64. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. The firm has a market cap of $3.12 trillion, a price-to-earnings ratio of 36.38, a price-to-earnings-growth ratio of 2.22 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. The business had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. Microsoft’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period last year, the company posted $2.45 earnings per share. On average, equities analysts expect that Microsoft Co. will post 11.77 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.71%. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

Insiders Place Their Bets

In other news, EVP Kathleen T. Hogan sold 21,955 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the completion of the sale, the executive vice president now owns 159,764 shares in the company, valued at approximately $64,538,265.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the sale, the executive vice president now owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the sale, the insider now directly owns 11,677,398 shares in the company, valued at $22,770,926.10. The disclosure for this sale can be found here. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on MSFT. Jefferies Financial Group increased their price target on Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Sanford C. Bernstein boosted their price target on shares of Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. DA Davidson reiterated a “buy” rating and set a $500.00 price objective on shares of Microsoft in a research report on Friday, March 15th. KeyCorp assumed coverage on shares of Microsoft in a report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 target price on the stock. Finally, Citigroup lowered their price objective on Microsoft from $480.00 to $475.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Three analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $454.70.

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.