Microsoft Co. (NASDAQ:MSFT) Shares Acquired by BetterWealth LLC

BetterWealth LLC increased its position in Microsoft Co. (NASDAQ:MSFT) by 2.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,137 shares of the software giant’s stock after acquiring an additional 109 shares during the quarter. Microsoft accounts for approximately 0.7% of BetterWealth LLC’s holdings, making the stock its 19th largest holding. BetterWealth LLC’s holdings in Microsoft were worth $1,932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Hibernia Wealth Partners LLC purchased a new position in Microsoft during the third quarter worth $69,000. Iron Horse Wealth Management LLC boosted its holdings in Microsoft by 89.0% in the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after acquiring an additional 105 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new position in Microsoft in the third quarter valued at $87,000. Family CFO Inc lifted its stake in shares of Microsoft by 13.6% during the third quarter. Family CFO Inc now owns 359 shares of the software giant’s stock worth $113,000 after purchasing an additional 43 shares in the last quarter. Finally, Cordant Inc. lifted its stake in shares of Microsoft by 647.8% during the fourth quarter. Cordant Inc. now owns 344 shares of the software giant’s stock worth $129,000 after purchasing an additional 298 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Royal Bank of Canada boosted their price objective on Microsoft from $415.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Jefferies Financial Group boosted their price objective on Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. DA Davidson restated a “buy” rating and set a $500.00 price objective on shares of Microsoft in a research note on Friday, March 15th. Finally, BMO Capital Markets boosted their price objective on Microsoft from $455.00 to $465.00 and gave the stock an “outperform” rating in a research note on Friday, April 12th. Four investment analysts have rated the stock with a hold rating and thirty-five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $434.05.

Microsoft Stock Up 0.4 %

NASDAQ:MSFT opened at $409.06 on Thursday. The firm has a market capitalization of $3.04 trillion, a PE ratio of 36.99, a price-to-earnings-growth ratio of 2.17 and a beta of 0.89. The stock has a 50 day moving average of $414.59 and a 200-day moving average of $387.09. Microsoft Co. has a 52 week low of $275.37 and a 52 week high of $430.82. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.17. The business had revenue of $62.02 billion during the quarter, compared to the consensus estimate of $61.14 billion. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The business’s revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.32 earnings per share. Analysts predict that Microsoft Co. will post 11.61 EPS for the current year.

Microsoft Announces Dividend

The firm 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 annualized dividend and a dividend yield of 0.73%. Microsoft’s dividend payout ratio is presently 27.12%.

Insider Transactions at Microsoft

In other 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 completion of the transaction, the executive vice president now directly owns 159,764 shares in the company, valued at $64,538,265.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Microsoft 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 completion of the sale, the insider now directly owns 570,826 shares in the company, valued at $231,823,855.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of the company’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 completion of the sale, the executive vice president now owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,070,258 shares of company stock worth $30,690,456. Company 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.