Platte River Wealth Advisors LLC Grows Holdings in Microsoft Co. (NASDAQ:MSFT)

Platte River Wealth Advisors LLC grew its stake in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,893 shares of the software giant’s stock after buying an additional 217 shares during the period. Microsoft accounts for about 3.0% of Platte River Wealth Advisors LLC’s investment portfolio, making the stock its 9th largest position. Platte River Wealth Advisors LLC’s holdings in Microsoft were worth $8,985,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Monumental Financial Group Inc. bought a new stake in Microsoft in the first quarter worth $28,000. Atlantic Private Wealth LLC increased its position in Microsoft by 534.5% in the second quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock worth $63,000 after purchasing an additional 155 shares during the last quarter. Infrastructure Capital Advisors LLC bought a new stake in Microsoft in the second quarter worth $601,000. Hibernia Wealth Partners LLC bought a new stake in Microsoft in the third quarter worth $69,000. Finally, Iron Horse Wealth Management LLC increased its position in Microsoft by 89.0% in the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after purchasing an additional 105 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Raymond James lifted their price objective on shares of Microsoft from $400.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Argus lifted their price objective on shares of Microsoft from $390.00 to $430.00 and gave the stock a “buy” rating in a research note on Tuesday, December 5th. Wedbush boosted their target price on shares of Microsoft from $475.00 to $500.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Barclays boosted their target price on shares of Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Finally, BNP Paribas raised shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 target price for the company in a research note on Thursday, January 18th. Four research analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the stock. Based on data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average target price of $425.52.

Check Out Our Latest Analysis on Microsoft

Insider Activity

In other news, 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 transaction, the insider now owns 11,677,398 shares in the company, valued at $22,770,926.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Bradford L. Smith sold 3,303 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $406.12, for a total value of $1,341,414.36. Following the sale, the insider now owns 570,826 shares in the company, valued at $231,823,855.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the company’s 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 completion of the sale, the insider now 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 worth $30,690,456 over the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Stock Performance

Shares of Microsoft stock opened at $424.57 on Tuesday. Microsoft Co. has a one year low of $275.37 and a one year high of $430.82. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.22. The company has a market capitalization of $3.15 trillion, a PE ratio of 38.39, a P/E/G ratio of 2.24 and a beta of 0.89. The company has a 50-day simple moving average of $411.26 and a two-hundred day simple moving average of $375.46.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.76 by $0.17. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The firm had revenue of $62.02 billion for the quarter, compared to the consensus estimate of $61.14 billion. During the same quarter in the prior year, the company posted $2.32 earnings per share. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. Research analysts expect that Microsoft Co. will post 11.63 EPS for the current fiscal 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 issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.71%. Microsoft’s dividend payout ratio (DPR) 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.

Featured Stories

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFTFree Report).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.