Alta Wealth Advisors LLC Acquires 158 Shares of Microsoft Co. (NASDAQ:MSFT)

Alta Wealth Advisors LLC grew its holdings in Microsoft Co. (NASDAQ:MSFTFree Report) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,523 shares of the software giant’s stock after purchasing an additional 158 shares during the period. Microsoft comprises approximately 2.0% of Alta Wealth Advisors LLC’s investment portfolio, making the stock its 9th biggest holding. Alta Wealth Advisors LLC’s holdings in Microsoft were worth $3,581,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MSFT. Congress Wealth Management LLC DE raised its holdings in shares of Microsoft by 3.3% in the third quarter. Congress Wealth Management LLC DE now owns 168,927 shares of the software giant’s stock valued at $53,339,000 after purchasing an additional 5,473 shares during the last quarter. Psagot Value Holdings Ltd. Israel increased its holdings in Microsoft by 3.6% during the third quarter. Psagot Value Holdings Ltd. Israel now owns 27,478 shares of the software giant’s stock worth $8,622,000 after buying an additional 950 shares during the last quarter. QCM Cayman Ltd. acquired a new position in Microsoft during the third quarter worth $373,000. Cowa LLC increased its holdings in Microsoft by 5.0% during the third quarter. Cowa LLC now owns 4,161 shares of the software giant’s stock worth $1,314,000 after buying an additional 200 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its holdings in Microsoft by 9.2% during the third quarter. Blue Bell Private Wealth Management LLC now owns 5,403 shares of the software giant’s stock worth $1,706,000 after buying an additional 453 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the business’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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the business’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 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CMO Takeshi Numoto sold 244 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the transaction, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,521 shares of company stock valued at $19,746,476. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Trading Down 0.2 %

MSFT opened at $423.85 on Friday. Microsoft Co. has a twelve month low of $309.45 and a twelve month high of $433.60. The company has a 50-day simple moving average of $416.20 and a 200 day simple moving average of $402.60. 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 stock has a market capitalization of $3.15 trillion, a price-to-earnings ratio of 36.70, a P/E/G ratio of 2.24 and a beta of 0.89.

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

Microsoft Announces Dividend

The firm 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 dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s payout ratio is 25.97%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MSFT shares. Jefferies Financial Group boosted their target price on shares of Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Truist Financial restated a “buy” rating and set a $600.00 target price on shares of Microsoft in a report on Monday, March 25th. Macquarie boosted their target price on shares of Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Wedbush reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research report on Wednesday, May 22nd. Finally, Raymond James reaffirmed an “outperform” rating and set a $480.00 price objective (up from $450.00) on shares of Microsoft in a research report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. According to data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average target price of $460.56.

View Our Latest Report on Microsoft

Microsoft 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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