Private Wealth Group LLC Buys Shares of 784 Microsoft Co. (NASDAQ:MSFT)

Private Wealth Group LLC purchased a new position in Microsoft Co. (NASDAQ:MSFT) during the 4th quarter, HoldingsChannel reports. The firm purchased 784 shares of the software giant’s stock, valued at approximately $295,000.

A number of other large investors also recently modified their holdings of the business. Iron Horse Wealth Management LLC increased its stake in 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 acquiring an additional 105 shares during the period. Authentikos Wealth Advisory LLC acquired a new stake in shares of Microsoft during the 3rd quarter worth approximately $87,000. Family CFO Inc increased its position in shares of Microsoft by 13.6% during the third 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 period. Cordant Inc. increased its position in shares of Microsoft by 647.8% during the fourth quarter. Cordant Inc. now owns 344 shares of the software giant’s stock valued at $129,000 after purchasing an additional 298 shares during the period. Finally, Life Planning Partners Inc acquired a new position in shares of Microsoft in the fourth quarter valued at $146,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other 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 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 approximately $64,538,265.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP Kathleen T. Hogan sold 21,955 shares of the firm’s stock in a transaction dated 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 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 available at the SEC website. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the business’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 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 $22,770,926.10. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Up 1.7 %

NASDAQ:MSFT opened at $413.54 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. Microsoft Co. has a 12-month low of $306.09 and a 12-month high of $430.82. The stock’s fifty day simple moving average is $413.80 and its 200-day simple moving average is $391.46. The firm has a market capitalization of $3.07 trillion, a P/E ratio of 35.80, a P/E/G ratio of 2.15 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.13. The company had revenue of $61.86 billion during the quarter, compared to analyst estimates of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.45 EPS. Equities research analysts expect that Microsoft Co. will post 11.76 earnings per share for the current year.

Microsoft Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Wedbush reissued an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a report on Friday, April 26th. Sanford C. Bernstein upped their target price on shares of Microsoft from $465.00 to $489.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. UBS Group reissued a “buy” rating and issued a $480.00 price target on shares of Microsoft in a research report on Wednesday, April 10th. Citigroup decreased their price objective on Microsoft from $480.00 to $475.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Finally, Royal Bank of Canada increased their target price on Microsoft from $415.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Three research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $452.61.

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.