Microsoft Co. (NASDAQ:MSFT) is Comprehensive Financial Consultants Institutional Inc.’s 2nd Largest Position

Comprehensive Financial Consultants Institutional Inc. lifted its stake in Microsoft Co. (NASDAQ:MSFT) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,058 shares of the software giant’s stock after purchasing an additional 310 shares during the quarter. Microsoft accounts for approximately 2.5% of Comprehensive Financial Consultants Institutional Inc.’s holdings, making the stock its 2nd biggest position. Comprehensive Financial Consultants Institutional Inc.’s holdings in Microsoft were worth $5,286,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Iron Horse Wealth Management LLC boosted its position in shares of Microsoft by 89.0% during the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after buying an additional 105 shares during the last quarter. Authentikos Wealth Advisory LLC bought a new position in Microsoft during the 3rd quarter valued at about $87,000. Family CFO Inc boosted its holdings in shares of Microsoft by 13.6% during the 3rd quarter. Family CFO Inc now owns 359 shares of the software giant’s stock valued at $113,000 after acquiring an additional 43 shares during the last quarter. Cordant Inc. grew its stake in shares of Microsoft by 647.8% in the fourth quarter. Cordant Inc. now owns 344 shares of the software giant’s stock worth $129,000 after acquiring an additional 298 shares during the period. Finally, Life Planning Partners Inc purchased a new position in shares of Microsoft during the fourth quarter valued at approximately $146,000. Institutional investors own 71.13% of the company’s stock.

Insider Activity

In related news, EVP Kathleen T. Hogan sold 21,955 shares of the 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 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 legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were 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 approximately $64,538,265.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bradford L. Smith sold 3,303 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the completion of the sale, the insider now owns 570,826 shares in the company, valued at $231,823,855.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,070,258 shares of company stock valued at $30,690,456. Corporate insiders own 0.03% of the company’s stock.

Microsoft Trading Up 1.8 %

Shares of NASDAQ MSFT opened at $406.32 on Friday. Microsoft Co. has a fifty-two week low of $295.25 and a fifty-two week 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 cap of $3.02 trillion, a price-to-earnings ratio of 36.74, a PEG ratio of 2.22 and a beta of 0.89. The business’s 50 day moving average price is $414.48 and its 200-day moving average price is $387.70.

Microsoft (NASDAQ:MSFT) last released its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. The business had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The business’s revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.45 earnings per share. On average, sell-side analysts expect that Microsoft Co. will post 11.61 earnings per share for the current year.

Microsoft Dividend Announcement

The business 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. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.74%. Microsoft’s dividend payout ratio is currently 27.12%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MSFT shares. Raymond James restated an “outperform” rating and issued a $480.00 target price (up previously from $450.00) on shares of Microsoft in a report on Friday. Citigroup cut their price objective on Microsoft from $480.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Jefferies Financial Group increased their target price on Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a report on Monday, April 1st. Macquarie raised their target price on Microsoft from $430.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Finally, StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Three equities research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $452.61.

About Microsoft

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.