Microsoft Co. (NASDAQ:MSFT) Stake Boosted by Sculati Wealth Management LLC

Sculati Wealth Management LLC grew its position in Microsoft Co. (NASDAQ:MSFTFree Report) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,704 shares of the software giant’s stock after purchasing an additional 145 shares during the quarter. Microsoft comprises approximately 3.8% of Sculati Wealth Management LLC’s investment portfolio, making the stock its 5th biggest holding. Sculati Wealth Management LLC’s holdings in Microsoft were worth $8,162,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the sale, the chief marketing officer now directly owns 47,011 shares in the company, valued at approximately $19,534,480.83. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the sale, the chief marketing officer now directly owns 47,011 shares in the company, valued at approximately $19,534,480.83. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Judson Althoff sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the sale, the executive vice president now owns 104,949 shares in the company, valued at $44,674,690.32. The disclosure for this sale can be found here. Insiders have sold a total of 47,521 shares of company stock worth $19,746,476 in the last ninety days. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Performance

Shares of MSFT stock opened at $423.85 on Friday. The firm’s 50 day moving average price is $416.20 and its 200-day moving average price is $402.60. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. Microsoft Co. has a one year low of $309.45 and a one year high of $433.60. The firm has a market cap of $3.15 trillion, a P/E ratio of 36.70, a P/E/G ratio of 2.24 and a beta of 0.89.

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

Microsoft Dividend Announcement

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 issued a dividend of $0.75 per share. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.71%. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Microsoft from $440.00 to $470.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Oppenheimer lifted their price objective on shares of Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday. KeyCorp began coverage on shares of Microsoft in a report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price objective for the company. Jefferies Financial Group lifted their price objective on shares of Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a report on Monday, April 1st. Finally, DA Davidson reissued a “buy” rating and set a $500.00 target price on shares of Microsoft in a research note on Friday, March 15th. 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $460.56.

Check Out Our Latest Analysis on MSFT

About Microsoft

(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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