Cranbrook Wealth Management LLC Buys 131 Shares of Microsoft Co. (NASDAQ:MSFT)

Cranbrook Wealth Management LLC boosted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,882 shares of the software giant’s stock after acquiring an additional 131 shares during the period. Cranbrook Wealth Management LLC’s holdings in Microsoft were worth $1,836,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Iron Horse Wealth Management LLC raised its holdings in shares of Microsoft by 89.0% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after buying an additional 105 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in shares of Microsoft during the 3rd quarter worth about $87,000. Family CFO Inc lifted its holdings in 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 purchasing an additional 43 shares during the last quarter. Cordant Inc. boosted its position in Microsoft by 647.8% in the fourth quarter. Cordant Inc. now owns 344 shares of the software giant’s stock valued at $129,000 after buying an additional 298 shares in the last quarter. Finally, Life Planning Partners Inc bought a new stake in Microsoft during the fourth quarter worth about $146,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insiders Place Their Bets

In related news, insider Bradford L. Smith sold 3,303 shares of Microsoft stock in a transaction dated 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 sale, the insider now owns 570,826 shares of the company’s stock, valued at $231,823,855.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Microsoft news, insider Bradford L. Smith sold 3,303 shares of the business’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 transaction of $1,341,414.36. Following the transaction, the insider now owns 570,826 shares of the company’s stock, valued at approximately $231,823,855.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total value of $1,950,000.00. Following 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. Insiders have sold 1,070,258 shares of company stock valued at $30,690,456 in the last three months. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MSFT has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a report on Friday. Wells Fargo & Company increased their target price on Microsoft from $480.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Stifel Nicolaus reissued a “buy” rating and set a $455.00 price objective on shares of Microsoft in a report on Monday, April 22nd. Finally, BNP Paribas raised shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price target on the stock in a research note on Thursday, January 18th. Three research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. According to MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average price target of $452.61.

Microsoft Stock Up 1.8 %

MSFT stock opened at $406.32 on Monday. 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 stock has a market capitalization of $3.02 trillion, a P/E ratio of 35.18, a P/E/G ratio of 2.20 and a beta of 0.89. Microsoft Co. has a fifty-two week low of $295.25 and a fifty-two week high of $430.82. The business has a 50-day moving average of $414.48 and a 200-day moving average of $388.51.

Microsoft (NASDAQ:MSFT) last released its quarterly 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 firm had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. Microsoft had a return on equity of 38.87% and a net margin of 36.43%. The business’s revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.45 EPS. On average, sell-side analysts anticipate that Microsoft Co. will post 11.71 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 0.74%. Microsoft’s payout ratio is currently 25.97%.

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.