Wealthcare Advisory Partners LLC Has $37.53 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Wealthcare Advisory Partners LLC grew its position in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 38.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,206 shares of the software giant’s stock after buying an additional 24,584 shares during the quarter. Microsoft makes up about 1.2% of Wealthcare Advisory Partners LLC’s investment portfolio, making the stock its 14th largest holding. Wealthcare Advisory Partners LLC’s holdings in Microsoft were worth $37,531,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Friedenthal Financial bought a new position in shares of Microsoft in the 4th quarter valued at approximately $45,000. Neo Ivy Capital Management bought a new position in shares of Microsoft in the fourth quarter valued at approximately $58,000. PayPay Securities Corp lifted its stake in shares of Microsoft by 23.7% in the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after buying an additional 36 shares during the last quarter. Cooksen Wealth LLC bought a new stake in shares of Microsoft during the 4th quarter worth $86,000. Finally, Kathleen S. Wright Associates Inc. grew its stake in Microsoft by 160.7% in the 4th quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock valued at $87,000 after buying an additional 143 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 equities research analysts have issued reports on MSFT shares. Truist Financial restated a “buy” rating and set a $600.00 price target on shares of Microsoft in a report on Monday, June 17th. BMO Capital Markets raised their target price on Microsoft from $455.00 to $465.00 and gave the company an “outperform” rating in a report on Friday, April 12th. Wells Fargo & Company upped their price target on Microsoft from $480.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. New Street Research initiated coverage on shares of Microsoft in a research note on Monday, June 10th. They issued a “buy” rating and a $570.00 price objective on the stock. Finally, KeyCorp initiated coverage on shares of Microsoft in a research note on Thursday, March 21st. They set an “overweight” rating and a $490.00 target price for the company. Three investment analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $467.12.

Get Our Latest Analysis on MSFT

Insider Activity at Microsoft

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction dated 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 directly owns 104,949 shares in the company, valued at $44,674,690.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief marketing officer now owns 47,011 shares in the company, valued at $19,534,480.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Judson Althoff sold 25,000 shares of the business’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 completion of 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. Insiders sold a total of 25,566 shares of company stock worth $10,877,535 in the last quarter. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

MSFT stock opened at $460.77 on Thursday. Microsoft Co. has a twelve month low of $309.45 and a twelve month high of $461.02. 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 company has a market cap of $3.42 trillion, a P/E ratio of 39.89, a price-to-earnings-growth ratio of 2.36 and a beta of 0.89. The business’s fifty day moving average is $426.26 and its 200-day moving average is $411.42.

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

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.65%. The ex-dividend date is Thursday, August 15th. Microsoft’s dividend payout ratio (DPR) is 25.97%.

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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