Microsoft Co. (NASDAQ:MSFT) Shares Acquired by GenWealth Group Inc.

GenWealth Group Inc. lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 22.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,294 shares of the software giant’s stock after acquiring an additional 233 shares during the period. GenWealth Group Inc.’s holdings in Microsoft were worth $544,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in Microsoft during the fourth quarter worth approximately $35,920,047,000. International Assets Investment Management LLC acquired a new position in Microsoft during the fourth quarter worth approximately $9,625,201,000. Vanguard Group Inc. increased its position in Microsoft by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock worth $250,032,357,000 after buying an additional 15,701,937 shares during the period. TCI Fund Management Ltd. acquired a new position in Microsoft during the fourth quarter worth approximately $4,000,376,000. Finally, FMR LLC increased its position in Microsoft by 2.7% during the third quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock worth $68,162,263,000 after buying an additional 5,762,902 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Performance

Microsoft stock opened at $452.85 on Friday. The firm has a market capitalization of $3.37 trillion, a P/E ratio of 39.21, a PEG ratio of 2.38 and a beta of 0.89. The stock has a fifty day moving average price of $422.18 and a 200 day moving average price of $408.83. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $456.17. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17.

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

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s dividend payout ratio is currently 25.97%.

Analyst Ratings Changes

Several research firms have commented on MSFT. Jefferies Financial Group lifted their price target on Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Oppenheimer lifted their price target on Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, June 7th. JPMorgan Chase & Co. lifted their target price on Microsoft from $440.00 to $470.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. UBS Group reiterated a “buy” rating and issued a $480.00 target price on shares of Microsoft in a research note on Wednesday, April 10th. Finally, The Goldman Sachs Group lifted their target price on Microsoft from $450.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Three research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $467.12.

Check Out Our Latest Stock Report on Microsoft

Insider Activity at Microsoft

In other Microsoft news, 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 transaction, the executive vice president now owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction that occurred 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 owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CMO Takeshi Numoto sold 322 shares of Microsoft stock in a transaction on Friday, May 31st. The shares were sold at an average price of $416.60, for a total value of $134,145.20. Following the sale, the chief marketing officer now directly owns 47,255 shares in the company, valued at approximately $19,686,433. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,566 shares of company stock valued at $10,877,535. Insiders own 0.03% of the company’s stock.

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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