Chemistry Wealth Management LLC Buys 307 Shares of Microsoft Co. (NASDAQ:MSFT)

Chemistry Wealth Management LLC lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,937 shares of the software giant’s stock after purchasing an additional 307 shares during the period. Microsoft comprises approximately 1.7% of Chemistry Wealth Management LLC’s investment portfolio, making the stock its 11th largest holding. Chemistry Wealth Management LLC’s holdings in Microsoft were worth $5,617,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in MSFT. High Pines Wealth Management LLC grew its stake in Microsoft by 1.3% in the third quarter. High Pines Wealth Management LLC now owns 2,256 shares of the software giant’s stock worth $712,000 after purchasing an additional 28 shares during the period. Sonen Capital LLC grew its stake in Microsoft by 0.3% in the third quarter. Sonen Capital LLC now owns 10,132 shares of the software giant’s stock worth $3,199,000 after purchasing an additional 28 shares during the period. Perritt Capital Management Inc. grew its stake in Microsoft by 3.3% in the third quarter. Perritt Capital Management Inc. now owns 937 shares of the software giant’s stock worth $296,000 after purchasing an additional 30 shares during the period. Noble Family Wealth LLC grew its stake in Microsoft by 1.3% in the third quarter. Noble Family Wealth LLC now owns 2,331 shares of the software giant’s stock worth $736,000 after purchasing an additional 31 shares during the period. Finally, O Connor Financial Group LLC grew its stake in Microsoft by 1.4% in the third quarter. O Connor Financial Group LLC now owns 2,191 shares of the software giant’s stock worth $692,000 after purchasing an additional 31 shares during the period. 71.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Royal Bank of Canada increased their target price on Microsoft from $415.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Piper Sandler reissued an “overweight” rating and issued a $455.00 target price on shares of Microsoft in a research note on Thursday, January 25th. Wells Fargo & Company increased their target price on Microsoft from $435.00 to $460.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Barclays increased their target price on Microsoft from $421.00 to $475.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Finally, KeyCorp assumed coverage on Microsoft in a research note on Thursday, March 21st. They issued an “overweight” rating and a $490.00 target price on the stock. Four analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $423.34.

Get Our Latest Stock Report on MSFT

Insider Activity

In other news, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the transaction, the insider now directly owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Bradford L. Smith sold 45,000 shares of Microsoft 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 sale, the insider now owns 574,129 shares of the company’s stock, valued at approximately $236,414,839.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the sale, the insider now directly owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The disclosure for this sale can be found here. Insiders have sold a total of 1,070,258 shares of company stock valued at $30,690,456 in the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Down 0.2 %

NASDAQ MSFT opened at $420.72 on Friday. Microsoft Co. has a 52 week low of $275.37 and a 52 week high of $430.82. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $3.13 trillion, a P/E ratio of 38.04, a price-to-earnings-growth ratio of 2.24 and a beta of 0.89. The stock’s 50-day moving average price is $411.26 and its 200-day moving average price is $374.88.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, beating 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 firm had revenue of $62.02 billion for the quarter, compared to analysts’ expectations of $61.14 billion. During the same period in the previous year, the firm earned $2.32 EPS. The business’s quarterly revenue was up 17.6% on a year-over-year basis. On average, equities research analysts predict that Microsoft Co. will post 11.63 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be given 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 dividend yield of 0.71%. Microsoft’s payout ratio is currently 27.12%.

Microsoft 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.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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