Towerpoint Wealth LLC Boosts Stake in Microsoft Co. (NASDAQ:MSFT)

Towerpoint Wealth LLC lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 2.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,526 shares of the software giant’s stock after buying an additional 178 shares during the period. Microsoft makes up 1.8% of Towerpoint Wealth LLC’s portfolio, making the stock its 14th biggest position. Towerpoint Wealth LLC’s holdings in Microsoft were worth $3,587,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of MSFT. Friedenthal Financial purchased a new position in shares of Microsoft in the 4th quarter worth $45,000. Neo Ivy Capital Management bought a new position in Microsoft in the fourth quarter valued at about $58,000. PayPay Securities Corp boosted its position in 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 purchasing an additional 36 shares during the last quarter. Cooksen Wealth LLC bought a new stake in shares of Microsoft during the 4th quarter valued at about $86,000. Finally, Kathleen S. Wright Associates Inc. increased its position in shares of Microsoft by 160.7% during the 4th quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock valued at $87,000 after purchasing an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In related news, CMO Takeshi Numoto sold 244 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total transaction of $101,389.32. Following the completion of the sale, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the transaction, the executive vice president now directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Takeshi Numoto sold 244 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was 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 directly owns 47,011 shares in the company, valued at approximately $19,534,480.83. The disclosure for this sale can be found here. Insiders sold 25,566 shares of company stock worth $10,877,535 over the last 90 days. Company insiders own 0.03% of the company’s stock.

Microsoft Trading Up 1.5 %

Shares of MSFT stock opened at $467.56 on Friday. The company has a market cap of $3.48 trillion, a PE ratio of 40.48, a price-to-earnings-growth ratio of 2.17 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. The stock’s 50 day simple moving average is $429.75 and its two-hundred day simple moving average is $412.76. Microsoft Co. has a 1 year low of $309.45 and a 1 year high of $468.35.

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

Microsoft Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MSFT. 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. UBS Group restated a “buy” rating and issued a $480.00 price objective on shares of Microsoft in a research note on Wednesday, April 10th. Sanford C. Bernstein lifted their target price on Microsoft from $465.00 to $489.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. KeyCorp started coverage on Microsoft in a research report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price target for the company. Finally, DA Davidson reiterated a “buy” rating and set a $500.00 price objective on shares of Microsoft in a research note on Friday, March 15th. Three analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $467.12.

View Our Latest Research Report on Microsoft

Microsoft 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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