Omnia Family Wealth LLC Has $3.75 Million Position in Microsoft Co. (NASDAQ:MSFT)

Omnia Family Wealth LLC grew its position in Microsoft Co. (NASDAQ:MSFTFree Report) by 6.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,962 shares of the software giant’s stock after purchasing an additional 635 shares during the period. Microsoft comprises approximately 1.9% of Omnia Family Wealth LLC’s holdings, making the stock its 14th biggest holding. Omnia Family Wealth LLC’s holdings in Microsoft were worth $3,746,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Security Advisor Inc. boosted its stake in shares of Microsoft by 1.7% in the 4th quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock valued at $10,255,000 after purchasing an additional 452 shares in the last quarter. Gunderson Capital Management Inc. raised its holdings in shares of Microsoft by 0.7% in the fourth quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock valued at $9,359,000 after buying an additional 185 shares during the last quarter. Rappaport Reiches Capital Management LLC raised its holdings in shares of Microsoft by 14.9% in the fourth quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock valued at $3,089,000 after buying an additional 1,067 shares during the last quarter. RNC Capital Management LLC raised its holdings in shares of Microsoft by 10.4% in the fourth quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock valued at $25,967,000 after buying an additional 6,484 shares during the last quarter. Finally, Clarity Financial LLC raised its holdings in shares of Microsoft by 4.9% in the fourth quarter. Clarity Financial LLC now owns 56,905 shares of the software giant’s stock valued at $21,399,000 after buying an additional 2,681 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MSFT. DA Davidson reaffirmed a “buy” rating and issued a $500.00 price target on shares of Microsoft in a report on Friday, March 15th. Truist Financial reissued a “buy” rating and set a $600.00 price objective on shares of Microsoft in a report on Monday, March 25th. KeyCorp started coverage on Microsoft in a report on Thursday, March 21st. They set an “overweight” rating and a $490.00 price objective for the company. Evercore ISI boosted their price objective on Microsoft from $475.00 to $485.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, BMO Capital Markets boosted their price objective on Microsoft from $455.00 to $465.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. Three analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. According to MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus target price of $456.83.

View Our Latest Report on MSFT

Insider Activity at Microsoft

In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the 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 transaction, the executive vice president now owns 159,764 shares in the company, valued at approximately $64,538,265.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Kathleen T. Hogan sold 21,955 shares of the 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 of the company’s stock, valued at approximately $64,538,265.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the sale, the executive vice president now directly owns 104,949 shares in the company, valued at $44,674,690.32. The disclosure for this sale can be found here. 0.03% of the stock is owned by company insiders.

Microsoft Trading Down 3.4 %

Shares of Microsoft stock opened at $414.67 on Friday. Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $433.60. The stock has a market cap of $3.08 trillion, a P/E ratio of 35.90, a P/E/G ratio of 2.27 and a beta of 0.89. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $416.58 and its 200-day moving average is $400.40.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The company had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. During the same quarter in the prior year, the business posted $2.45 EPS. The business’s revenue was up 17.0% compared to the same quarter last year. Equities research analysts predict that Microsoft Co. will post 11.77 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

Microsoft Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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