Fox Hill Wealth Management Has $17.27 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Fox Hill Wealth Management boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 7.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,039 shares of the software giant’s stock after acquiring an additional 2,989 shares during the quarter. Microsoft accounts for about 11.6% of Fox Hill Wealth Management’s portfolio, making the stock its largest position. Fox Hill Wealth Management’s holdings in Microsoft were worth $17,266,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Microsoft by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock valued at $250,032,357,000 after purchasing an additional 15,701,937 shares during the period. Norges Bank bought a new stake in shares of Microsoft in the 4th quarter valued at about $35,920,047,000. International Assets Investment Management LLC acquired a new stake in shares of Microsoft in the fourth quarter valued at about $9,625,201,000. Jennison Associates LLC increased its stake in shares of Microsoft by 1.1% in the fourth quarter. Jennison Associates LLC now owns 25,505,600 shares of the software giant’s stock valued at $9,591,126,000 after buying an additional 277,881 shares during the period. Finally, Fisher Asset Management LLC raised its position in shares of Microsoft by 1.6% during the fourth quarter. Fisher Asset Management LLC now owns 25,381,692 shares of the software giant’s stock worth $9,544,532,000 after acquiring an additional 403,409 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MSFT. KeyCorp assumed coverage on shares of Microsoft in a research report on Thursday, March 21st. They set an “overweight” rating and a $490.00 target price for the company. New Street Research initiated coverage on shares of Microsoft in a research report on Monday, June 10th. They set a “buy” rating and a $570.00 price objective for the company. Jefferies Financial Group upped their price target on shares of Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Piper Sandler reissued an “overweight” rating and issued a $465.00 price objective (up from $455.00) on shares of Microsoft in a research report on Friday, April 26th. Finally, Wells Fargo & Company upped their target price on Microsoft from $480.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $469.86.

View Our Latest Report on Microsoft

Microsoft Trading Down 1.4 %

NASDAQ:MSFT opened at $459.54 on Wednesday. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $468.35. The firm has a 50-day moving average price of $432.43 and a two-hundred day moving average price of $414.59. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. The firm has a market cap of $3.42 trillion, a price-to-earnings ratio of 39.79, a price-to-earnings-growth ratio of 2.20 and a beta of 0.89.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, beating 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 business posted $2.45 earnings per share. Microsoft’s revenue was up 17.0% on a year-over-year basis. On average, equities analysts expect that Microsoft Co. will post 11.77 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business 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 dividend yield of 0.65%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s dividend payout ratio (DPR) is currently 25.97%.

Insider Activity at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction dated 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 this hyperlink. In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the firm’s stock in a transaction 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 sale, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,566 shares of company stock worth $10,877,535. 0.03% of the stock is owned by company insiders.

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.

Featured Articles

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.