Ledge Wealth Management Inc. Has $3.72 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Ledge Wealth Management Inc. lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 10.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,891 shares of the software giant’s stock after selling 1,110 shares during the quarter. Microsoft accounts for approximately 1.4% of Ledge Wealth Management Inc.’s holdings, making the stock its 16th largest holding. Ledge Wealth Management Inc.’s holdings in Microsoft were worth $3,720,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of MSFT. Lodestone Wealth Management LLC raised its stake in shares of Microsoft by 0.5% in the 3rd quarter. Lodestone Wealth Management LLC now owns 14,103 shares of the software giant’s stock valued at $4,453,000 after purchasing an additional 68 shares during the period. Consilio Wealth Advisors LLC raised its stake in shares of Microsoft by 7.7% in the 3rd quarter. Consilio Wealth Advisors LLC now owns 36,319 shares of the software giant’s stock valued at $11,386,000 after purchasing an additional 2,610 shares during the period. McLean Asset Management Corp raised its stake in shares of Microsoft by 0.6% in the 3rd quarter. McLean Asset Management Corp now owns 12,939 shares of the software giant’s stock valued at $4,249,000 after purchasing an additional 78 shares during the period. Versant Capital Management Inc raised its stake in shares of Microsoft by 0.4% in the 3rd quarter. Versant Capital Management Inc now owns 30,277 shares of the software giant’s stock valued at $9,560,000 after purchasing an additional 120 shares during the period. Finally, SlateStone Wealth LLC grew its holdings in shares of Microsoft by 113.0% in the 3rd quarter. SlateStone Wealth LLC now owns 72,505 shares of the software giant’s stock valued at $22,894,000 after acquiring an additional 38,462 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on MSFT. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Barclays raised their price objective on Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Macquarie raised their price objective on Microsoft from $430.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. DA Davidson restated a “buy” rating and issued a $500.00 price objective on shares of Microsoft in a report on Friday, March 15th. Finally, KeyCorp began coverage on Microsoft in a report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the stock. According to data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average target price of $434.05.

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 on Monday, March 11th. The shares were 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 of the company’s stock, valued at $64,538,265.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction on 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 sale, the insider now owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 159,764 shares in the company, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. Insiders sold a total of 1,070,258 shares of company stock worth $30,690,456 over the last three months. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Down 2.4 %

Shares of MSFT opened at $399.04 on Friday. Microsoft Co. has a one year low of $292.73 and a one year high of $430.82. The company has a market cap of $2.97 trillion, a P/E ratio of 36.08, a P/E/G ratio of 2.20 and a beta of 0.89. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 1.20. The firm has a 50 day simple moving average of $414.44 and a two-hundred day simple moving average of $387.17.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 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 business had revenue of $62.02 billion during the quarter, compared to the consensus estimate of $61.14 billion. During the same period in the previous year, the business earned $2.32 earnings per share. The company’s revenue was up 17.6% on a year-over-year basis. Research analysts forecast that Microsoft Co. will post 11.61 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders 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 yield of 0.75%. Microsoft’s dividend payout ratio is currently 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.