Blue Zone Wealth Advisors LLC Has $7.29 Million Position in Microsoft Co. (NASDAQ:MSFT)

Blue Zone Wealth Advisors LLC grew its holdings in Microsoft Co. (NASDAQ:MSFTFree Report) by 5.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,317 shares of the software giant’s stock after purchasing an additional 870 shares during the period. Microsoft comprises about 2.5% of Blue Zone Wealth Advisors LLC’s investment portfolio, making the stock its 8th biggest holding. Blue Zone Wealth Advisors LLC’s holdings in Microsoft were worth $7,285,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Friedenthal Financial bought a new stake in shares of Microsoft in the fourth quarter worth $45,000. Richardson Capital Management LLC grew its holdings in shares of Microsoft by 1,290.0% in the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after acquiring an additional 129 shares during the period. Neo Ivy Capital Management bought a new stake in shares of Microsoft in the fourth quarter worth $58,000. PayPay Securities Corp lifted its position in Microsoft by 23.7% during the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after purchasing an additional 36 shares in the last quarter. Finally, Cooksen Wealth LLC bought a new stake in Microsoft during the fourth quarter valued at about $86,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

Shares of Microsoft stock opened at $466.25 on Thursday. The firm has a market cap of $3.47 trillion, a P/E ratio of 40.37, a P/E/G ratio of 2.20 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. The stock’s fifty day moving average price is $433.86 and its 200-day moving average price is $414.95.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, beating the consensus estimate of $2.81 by $0.13. The firm had revenue of $61.86 billion for 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 business’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.45 earnings per share. On average, equities research analysts expect that Microsoft Co. will post 11.77 earnings per share for the current fiscal 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 paid a dividend of $0.75 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.64%. Microsoft’s dividend payout ratio is currently 25.97%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MSFT. Stifel Nicolaus reaffirmed a “buy” rating and set a $455.00 price objective on shares of Microsoft in a research report on Monday, April 22nd. JPMorgan Chase & Co. boosted their price objective on Microsoft from $440.00 to $470.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Jefferies Financial Group boosted their price objective on Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Evercore ISI boosted their price objective on Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Truist Financial reiterated a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research note on Monday, June 17th. Three investment analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company’s stock. According to MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $469.86.

Check Out Our Latest Stock Report on MSFT

Insider Activity

In related news, EVP Judson Althoff sold 25,000 shares of the firm’s 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 sale, the executive vice president now owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Judson Althoff sold 25,000 shares of the firm’s 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 sale, the executive vice president now owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Takeshi Numoto sold 322 shares of the firm’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $416.60, for a total value of $134,145.20. Following the sale, the chief marketing officer now directly owns 47,255 shares in the company, valued at approximately $19,686,433. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,566 shares of company stock worth $10,877,535. Company insiders own 0.03% of the company’s stock.

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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