Marcum Wealth LLC Raises Holdings in Microsoft Co. (NASDAQ:MSFT)

Marcum Wealth LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 0.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 43,127 shares of the software giant’s stock after buying an additional 260 shares during the quarter. Microsoft accounts for about 1.7% of Marcum Wealth LLC’s holdings, making the stock its 12th biggest position. Marcum Wealth LLC’s holdings in Microsoft were worth $16,218,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Microsoft by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock valued at $147,714,197,000 after buying an additional 6,129,708 shares during the period. State Street Corp increased its stake in Microsoft by 0.7% in the third quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock valued at $68,824,173,000 after purchasing an additional 1,951,554 shares during the last quarter. FMR LLC increased its stake in Microsoft by 2.7% during the third quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock worth $68,162,263,000 after acquiring an additional 5,762,902 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Microsoft by 0.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock worth $50,302,677,000 after buying an additional 556,020 shares during the period. Finally, Moneta Group Investment Advisors LLC boosted its position in shares of Microsoft by 112,158.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock worth $36,017,948,000 after buying an additional 150,053,637 shares during the period. Hedge funds and other institutional investors own 69.20% of the company’s stock.

Microsoft Stock Down 0.1 %

MSFT stock opened at $428.74 on Monday. Microsoft Co. has a twelve month low of $272.05 and a twelve month high of $430.82. The company has a market cap of $3.19 trillion, a PE ratio of 38.76, a price-to-earnings-growth ratio of 2.28 and a beta of 0.89. The business’s 50-day simple moving average is $408.33 and its 200 day simple moving average is $372.38. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19.

Microsoft (NASDAQ:MSFTGet Free Report) last released its earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.76 by $0.17. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The business had revenue of $62.02 billion for the quarter, compared to the consensus estimate of $61.14 billion. During the same period last year, the business earned $2.32 earnings per share. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. On average, research analysts anticipate that Microsoft Co. will post 11.63 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Wednesday, May 15th. Microsoft’s payout ratio is 27.12%.

Insider Activity

In other news, insider Bradford L. Smith sold 45,000 shares of Microsoft stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $411.78, for a total value of $18,530,100.00. Following the completion of the transaction, the insider now owns 574,129 shares in the company, valued at $236,414,839.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Kathleen T. Hogan sold 21,955 shares of the business’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 value of $8,868,941.80. Following the completion of the transaction, the executive vice president now owns 159,764 shares in the company, valued at approximately $64,538,265.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 45,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the completion of the transaction, the insider now owns 574,129 shares of the company’s stock, valued at approximately $236,414,839.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,070,258 shares of company stock worth $30,690,456. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on MSFT. Jefferies Financial Group reissued a “buy” rating and issued a $465.00 price target on shares of Microsoft in a report on Wednesday, March 6th. BMO Capital Markets increased their price target on Microsoft from $420.00 to $455.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Argus upped their price objective on Microsoft from $390.00 to $430.00 and gave the company a “buy” rating in a research note on Tuesday, December 5th. China Renaissance started coverage on Microsoft in a research report on Tuesday, December 5th. They issued a “buy” rating and a $466.00 target price on the stock. Finally, Piper Sandler restated an “overweight” rating and issued a $455.00 target price on shares of Microsoft in a research report on Thursday, January 25th. Four equities research analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $417.37.

View Our Latest Stock Report on Microsoft

Microsoft Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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