Microsoft Co. (NASDAQ:MSFT) Stock Holdings Boosted by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 25.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,041 shares of the software giant’s stock after acquiring an additional 12,742 shares during the quarter. Microsoft comprises 2.4% of Cornerstone Wealth Group LLC’s investment portfolio, making the stock its 7th biggest holding. Cornerstone Wealth Group LLC’s holdings in Microsoft were worth $26,102,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of MSFT. Friedenthal Financial purchased a new stake in Microsoft in the 4th quarter valued at approximately $45,000. Neo Ivy Capital Management acquired a new stake in shares of Microsoft in the 4th quarter valued at approximately $58,000. Richardson Capital Management LLC lifted its holdings in shares of Microsoft by 1,290.0% in the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after buying an additional 129 shares during the period. PayPay Securities Corp boosted 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 valued at $71,000 after buying an additional 36 shares in the last quarter. Finally, Cooksen Wealth LLC acquired a new position in Microsoft during the fourth quarter worth $86,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, 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 completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Microsoft news, 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 value of $10,642,000.00. Following the transaction, the executive vice president now owns 104,949 shares in the company, valued at approximately $44,674,690.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Takeshi Numoto sold 244 shares of the firm’s 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 disclosure for this sale can be found here. Insiders have 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.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MSFT. Piper Sandler restated an “overweight” rating and set a $465.00 target price (up from $455.00) on shares of Microsoft in a research report on Friday, April 26th. Raymond James restated an “outperform” rating and set a $480.00 target price (up from $450.00) on shares of Microsoft in a research report on Friday, April 26th. Morgan Stanley increased their target price on shares of Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Evercore ISI upped their price target on Microsoft from $475.00 to $485.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Friday, March 15th. Three investment analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the stock. According to data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and an average target price of $469.86.

Check Out Our Latest Stock Analysis on MSFT

Microsoft Stock Performance

Shares of MSFT stock opened at $459.54 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. The company has a market cap of $3.42 trillion, a PE ratio of 39.79, a P/E/G ratio of 2.20 and a beta of 0.89. The company’s fifty day simple moving average is $432.43 and its 200-day simple moving average is $414.59. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFTGet Free Report) last released its quarterly earnings data 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 company had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. During the same period last year, the company posted $2.45 earnings per share. The firm’s revenue was up 17.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Microsoft Co. will post 11.77 EPS 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 given a $0.75 dividend. This represents a $3.00 annualized dividend and a 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.

Further Reading

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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