Hudock Inc. Has $4.68 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Hudock Inc. decreased its position in Microsoft Co. (NASDAQ:MSFT) by 0.8% in the 4th quarter, HoldingsChannel reports. The fund owned 12,453 shares of the software giant’s stock after selling 103 shares during the period. Microsoft makes up about 1.0% of Hudock Inc.’s investment portfolio, making the stock its 18th biggest holding. Hudock Inc.’s holdings in Microsoft were worth $4,683,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Monumental Financial Group Inc. acquired a new position in shares of Microsoft in the 1st quarter worth approximately $28,000. Atlantic Private Wealth LLC grew its position in Microsoft by 534.5% during the 2nd quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock worth $63,000 after acquiring an additional 155 shares during the last quarter. Infrastructure Capital Advisors LLC bought a new stake in Microsoft during the 2nd quarter worth approximately $601,000. Hibernia Wealth Partners LLC bought a new stake in Microsoft during the 3rd quarter worth approximately $69,000. Finally, Iron Horse Wealth Management LLC grew its position in Microsoft by 89.0% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after acquiring an additional 105 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. StockNews.com lowered Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Wells Fargo & Company increased their price target on Microsoft from $460.00 to $480.00 and gave the stock an “overweight” rating in a research report on Wednesday. BMO Capital Markets increased their price target on Microsoft from $455.00 to $465.00 and gave the stock an “outperform” rating in a research report on Friday, April 12th. Raymond James increased their price target on Microsoft from $400.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Finally, Morgan Stanley lifted their target price on Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Four investment analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $432.13.

Microsoft Stock Performance

Shares of Microsoft stock opened at $404.27 on Friday. The firm has a market cap of $3.00 trillion, a price-to-earnings ratio of 36.55, a price-to-earnings-growth ratio of 2.21 and a beta of 0.89. The stock’s 50-day moving average is $415.29 and its 200-day moving average is $384.29. 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 current ratio of 1.22 and a quick ratio of 1.20.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Tuesday, January 30th. The software giant reported $2.93 EPS 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 company had revenue of $62.02 billion for the quarter, compared to analyst estimates of $61.14 billion. During the same period in the previous year, the company posted $2.32 earnings per share. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. Equities analysts predict that Microsoft Co. will post 11.61 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be issued a dividend of $0.75 per share. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 annualized dividend and a yield of 0.74%. Microsoft’s payout ratio is presently 27.12%.

Insider Buying and Selling

In related news, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the sale, the executive vice president now owns 159,764 shares in the company, valued at $64,538,265.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 transaction of $8,868,941.80. Following the transaction, the executive vice president now owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The sale was disclosed in a document filed with the SEC, which is available through this link. 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 value of $18,530,100.00. Following the transaction, the insider now directly owns 574,129 shares in the company, valued at approximately $236,414,839.62. The disclosure for this sale can be found here. Over 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.

Microsoft 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.