Microsoft Co. (NASDAQ:MSFT) Position Increased by Summit Financial Wealth Advisors LLC

Summit Financial Wealth Advisors LLC lifted its stake in Microsoft Co. (NASDAQ:MSFT) by 1.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 9,412 shares of the software giant’s stock after acquiring an additional 96 shares during the quarter. Microsoft comprises 0.8% of Summit Financial Wealth Advisors LLC’s portfolio, making the stock its 29th largest holding. Summit Financial Wealth Advisors LLC’s holdings in Microsoft were worth $3,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction that occurred on 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 sale, 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction that occurred on 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 sale, 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the business’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. In the last quarter, insiders have sold 1,070,258 shares of company stock worth $30,690,456. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

MSFT has been the subject of a number of analyst reports. Raymond James lifted their price objective on Microsoft from $400.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. BNP Paribas raised Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price target for the company in a report on Thursday, January 18th. KeyCorp assumed coverage on Microsoft in a report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price target for the company. DA Davidson reaffirmed a “buy” rating and issued a $500.00 price target on shares of Microsoft in a report on Friday, March 15th. Finally, Wells Fargo & Company lifted their price target on Microsoft from $435.00 to $460.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Four 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 a consensus rating of “Moderate Buy” and an average price target of $430.52.

Microsoft Price Performance

Shares of MSFT opened at $413.64 on Tuesday. 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 stock has a 50 day simple moving average of $415.35 and a 200 day simple moving average of $383.26. Microsoft Co. has a 52-week low of $275.37 and a 52-week high of $430.82. The firm has a market capitalization of $3.07 trillion, a PE ratio of 37.40, a P/E/G ratio of 2.25 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last released its earnings results on Tuesday, January 30th. The software giant reported $2.93 EPS for the quarter, beating the consensus estimate of $2.76 by $0.17. The firm had revenue of $62.02 billion for the quarter, compared to analysts’ expectations of $61.14 billion. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.32 EPS. Sell-side analysts predict that Microsoft Co. will post 11.61 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s payout ratio is 27.12%.

Microsoft Company Profile

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.