Microsoft Co. (NASDAQ:MSFT) is Blossom Wealth Management’s 3rd Largest Position

Blossom Wealth Management raised its position in shares of Microsoft Co. (NASDAQ:MSFT) by 6.6% during the fourth quarter, HoldingsChannel reports. The firm owned 4,412 shares of the software giant’s stock after purchasing an additional 274 shares during the period. Microsoft makes up approximately 4.5% of Blossom Wealth Management’s holdings, making the stock its 3rd biggest holding. Blossom Wealth Management’s holdings in Microsoft were worth $1,659,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MSFT. Sicart Associates LLC raised its stake in Microsoft by 2.9% in the fourth quarter. Sicart Associates LLC now owns 926 shares of the software giant’s stock valued at $348,000 after buying an additional 26 shares in the last quarter. Capital Wealth Management LLC boosted its holdings in shares of Microsoft by 1.7% in the 4th quarter. Capital Wealth Management LLC now owns 1,592 shares of the software giant’s stock valued at $599,000 after buying an additional 26 shares in the last quarter. Mayfair Advisory Group LLC raised its stake in Microsoft by 0.7% during the 4th quarter. Mayfair Advisory Group LLC now owns 3,866 shares of the software giant’s stock worth $1,434,000 after acquiring an additional 27 shares in the last quarter. Triton Wealth Management PLLC lifted its position in Microsoft by 0.5% in the fourth quarter. Triton Wealth Management PLLC now owns 5,864 shares of the software giant’s stock valued at $2,167,000 after acquiring an additional 28 shares during the last quarter. Finally, O Connor Financial Group LLC boosted its stake in Microsoft by 1.4% in the third quarter. O Connor Financial Group LLC now owns 2,191 shares of the software giant’s stock valued at $692,000 after acquiring an additional 31 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $413.54 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. The stock has a market cap of $3.07 trillion, a price-to-earnings ratio of 35.80, a PEG ratio of 2.15 and a beta of 0.89. The company’s 50-day moving average price is $413.80 and its 200 day moving average price is $391.46. Microsoft Co. has a 52 week low of $306.09 and a 52 week high of $430.82.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data 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. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The business had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. During the same period last year, the company posted $2.45 EPS. The company’s revenue was up 17.0% on a year-over-year basis. As a group, research analysts forecast that Microsoft Co. will post 11.76 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business 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 $0.75 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.73%. Microsoft’s dividend payout ratio is currently 25.97%.

Analyst Ratings Changes

A number of research firms have recently commented on MSFT. Piper Sandler reiterated an “overweight” rating and set a $465.00 target price (up previously from $455.00) on shares of Microsoft in a research report on Friday, April 26th. DA Davidson reiterated a “buy” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Friday, March 15th. Jefferies Financial Group raised their target price on shares of Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Wedbush reiterated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research report on Friday, April 26th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $455.00 price target on shares of Microsoft in a research note on Monday, April 22nd. Three investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $452.61.

Insider Activity at Microsoft

In related news, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the completion of the transaction, the insider now owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $22,770,926.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $8,868,941.80. Following the completion of the transaction, 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. 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.