Solidarity Wealth LLC Purchases 1,780 Shares of Microsoft Co. (NASDAQ:MSFT)

Solidarity Wealth LLC grew its stake in Microsoft Co. (NASDAQ:MSFTFree Report) by 4.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,489 shares of the software giant’s stock after acquiring an additional 1,780 shares during the period. Microsoft accounts for approximately 6.2% of Solidarity Wealth LLC’s holdings, making the stock its 2nd largest position. Solidarity Wealth LLC’s holdings in Microsoft were worth $17,106,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Olistico Wealth LLC grew its holdings in shares of Microsoft by 7.3% in the 4th quarter. Olistico Wealth LLC now owns 6,702 shares of the software giant’s stock valued at $2,520,000 after acquiring an additional 454 shares in the last quarter. Legacy Advisors LLC grew its holdings in Microsoft by 12.5% during the fourth quarter. Legacy Advisors LLC now owns 50,554 shares of the software giant’s stock worth $19,010,000 after purchasing an additional 5,616 shares during the period. Elevatus Welath Management grew its holdings in Microsoft by 51.4% during the fourth quarter. Elevatus Welath Management now owns 52,308 shares of the software giant’s stock worth $19,670,000 after purchasing an additional 17,760 shares during the period. RS Crum Inc. grew its holdings in Microsoft by 2.1% during the fourth quarter. RS Crum Inc. now owns 4,908 shares of the software giant’s stock worth $1,846,000 after purchasing an additional 102 shares during the period. Finally, Wilkins Investment Counsel Inc. grew its holdings in Microsoft by 82.8% during the fourth quarter. Wilkins Investment Counsel Inc. now owns 5,025 shares of the software giant’s stock worth $1,890,000 after purchasing an additional 2,276 shares during the period. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

NASDAQ MSFT opened at $423.85 on Monday. The firm’s fifty day moving average price is $416.20 and its two-hundred day moving average price is $402.77. The stock has a market cap of $3.15 trillion, a PE ratio of 36.70, a PEG ratio of 2.24 and a beta of 0.89. Microsoft Co. has a fifty-two week low of $309.45 and a fifty-two week high of $433.60. 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 (NASDAQ:MSFTGet Free Report) last posted its earnings results 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 firm had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. During the same quarter in the previous year, the firm posted $2.45 earnings per share. The company’s revenue was up 17.0% on a year-over-year basis. On average, equities analysts expect that Microsoft Co. will post 11.77 EPS for the current fiscal year.

Microsoft Announces Dividend

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

Wall Street Analyst Weigh In

MSFT has been the subject of a number of research analyst reports. Evercore ISI lifted their price target on Microsoft from $475.00 to $485.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Citigroup cut their price objective on shares of Microsoft from $480.00 to $475.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Stifel Nicolaus restated a “buy” rating and set a $455.00 price objective on shares of Microsoft in a research report on Monday, April 22nd. Finally, Wells Fargo & Company raised their price objective on shares of Microsoft from $480.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus price target of $460.56.

Read Our Latest Research Report on MSFT

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 244 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total value of $101,389.32. Following the sale, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction 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 owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were 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 directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. Insiders have sold a total of 25,566 shares of company stock valued at $10,877,535 over the last 90 days. 0.03% of the stock is owned by insiders.

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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