Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Thrive Wealth Management LLC

Thrive Wealth Management LLC grew its stake in Microsoft Co. (NASDAQ:MSFTFree Report) by 1.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 24,779 shares of the software giant’s stock after buying an additional 393 shares during the quarter. Microsoft accounts for approximately 2.2% of Thrive Wealth Management LLC’s portfolio, making the stock its 6th biggest position. Thrive Wealth Management LLC’s holdings in Microsoft were worth $10,425,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MSFT shares. BMO Capital Markets raised their price objective on shares of Microsoft from $455.00 to $465.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. Truist Financial reissued a “buy” rating and issued a $600.00 price target on shares of Microsoft in a research report on Monday, June 17th. Raymond James reiterated an “outperform” rating and set a $480.00 target price (up previously from $450.00) on shares of Microsoft in a research report on Friday, April 26th. Jefferies Financial Group upped their target price on Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Finally, The Goldman Sachs Group lifted their price target on Microsoft from $450.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average target price of $467.12.

View Our Latest Research Report on MSFT

Insiders Place Their Bets

In other 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 value of $101,389.32. Following the sale, the chief marketing officer now directly owns 47,011 shares in the company, valued at $19,534,480.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction 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 directly owns 104,949 shares in the company, valued at $44,674,690.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Takeshi Numoto sold 244 shares of Microsoft 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 sale, the chief marketing officer now 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 quarter, insiders sold 25,566 shares of company stock worth $10,877,535. Insiders own 0.03% of the company’s stock.

Microsoft Price Performance

MSFT stock opened at $467.56 on Friday. The firm has a 50 day moving average of $429.75 and a 200-day moving average of $412.76. The company has a market cap of $3.48 trillion, a price-to-earnings ratio of 40.48, a PEG ratio of 2.17 and a beta of 0.89. 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 Co. has a 12-month low of $309.45 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings data 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 firm had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. Microsoft’s revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.45 earnings per share. As a group, equities analysts expect that Microsoft Co. will post 11.77 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.64%. Microsoft’s payout ratio is 25.97%.

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.

Further Reading

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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