GoalFusion Wealth Management LLC Acquires 91 Shares of Microsoft Co. (NASDAQ:MSFT)

GoalFusion Wealth Management LLC grew its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 6.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,589 shares of the software giant’s stock after purchasing an additional 91 shares during the period. Microsoft comprises about 0.3% of GoalFusion Wealth Management LLC’s investment portfolio, making the stock its 12th biggest holding. GoalFusion Wealth Management LLC’s holdings in Microsoft were worth $370,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Monumental Financial Group Inc. bought a new stake in shares of Microsoft in the first quarter worth $28,000. Newfound Research LLC grew its holdings in shares of Microsoft by 25.4% in the second quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock worth $76,000 after acquiring an additional 60 shares during the period. Grayhawk Investment Strategies Inc. bought a new stake in shares of Microsoft in the second quarter worth $104,000. Darrow Company Inc. bought a new stake in shares of Microsoft in the second quarter worth $82,000. Finally, Morgan Dempsey Capital Management LLC bought a new stake in shares of Microsoft in the third quarter worth $82,000. Institutional investors own 69.15% of the company’s stock.

Microsoft Price Performance

NASDAQ:MSFT opened at $240.22 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $1.79 trillion, a P/E ratio of 25.89, a P/E/G ratio of 2.35 and a beta of 0.94. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $315.95. The business’s 50-day moving average is $241.70 and its 200 day moving average is $250.10.

Microsoft (NASDAQ:MSFTGet Rating) last posted its earnings results on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.06. The company had revenue of $50.12 billion for the quarter, compared to the consensus estimate of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.27 earnings per share. On average, equities research analysts forecast that Microsoft Co. will post 9.52 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 9th. Shareholders of record on Wednesday, February 15th will be paid a dividend of $0.68 per share. The ex-dividend date is Wednesday, February 15th. This represents a $2.72 annualized dividend and a yield of 1.13%. Microsoft’s payout ratio is currently 29.31%.

Insiders Place Their Bets

In other Microsoft news, EVP Judson Althoff sold 24,144 shares of the business’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $254.27, for a total transaction of $6,139,094.88. Following the sale, the executive vice president now directly owns 150,047 shares of the company’s stock, valued at $38,152,450.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on the company. Credit Suisse Group set a $365.00 price objective on Microsoft in a report on Friday, December 9th. Raymond James cut their price target on Microsoft from $300.00 to $280.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Wedbush cut their price target on Microsoft from $320.00 to $290.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Morgan Stanley cut their price target on Microsoft from $325.00 to $307.00 and set an “overweight” rating for the company in a report on Wednesday, October 26th. Finally, DA Davidson initiated coverage on Microsoft in a report on Wednesday, January 4th. They set a “buy” rating and a $270.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $287.88.

Microsoft Profile

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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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