REDW Wealth LLC Cuts Holdings in Microsoft Co. (NASDAQ:MSFT)

REDW Wealth LLC trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 33.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,759 shares of the software giant’s stock after selling 3,859 shares during the quarter. Microsoft comprises about 1.1% of REDW Wealth LLC’s investment portfolio, making the stock its 21st largest holding. REDW Wealth LLC’s holdings in Microsoft were worth $3,270,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MSFT. Muirfield Wealth Advisors LLC raised its stake in Microsoft by 0.5% during the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant’s stock worth $1,866,000 after purchasing an additional 24 shares during the period. Retirement Financial Solutions LLC grew its stake in Microsoft by 2.3% during the 4th quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant’s stock worth $443,000 after purchasing an additional 24 shares in the last quarter. Boulder Wealth Advisors LLC grew its holdings in Microsoft by 1.0% during the 3rd quarter. Boulder Wealth Advisors LLC now owns 2,569 shares of the software giant’s stock worth $1,106,000 after acquiring an additional 25 shares in the last quarter. Sterling Group Wealth Management LLC lifted its holdings in Microsoft by 0.5% during the 4th quarter. Sterling Group Wealth Management LLC now owns 5,540 shares of the software giant’s stock worth $2,335,000 after buying an additional 25 shares during the last quarter. Finally, Kuhn & Co Investment Counsel increased its stake in Microsoft by 0.8% in the fourth quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant’s stock valued at $1,385,000 after purchasing an additional 25 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Stock Up 0.0%

MSFT stock opened at $453.13 on Friday. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $468.35. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $3.37 trillion, a P/E ratio of 36.48, a PEG ratio of 2.21 and a beta of 0.99. The firm has a 50 day simple moving average of $393.86 and a 200-day simple moving average of $412.42.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.24. The business had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The business’s revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.94 EPS. On average, equities research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.73%. Microsoft’s dividend payout ratio is currently 25.66%.

Insider Activity

In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the sale, the insider now directly owns 471,036 shares in the company, valued at $204,038,664.12. This represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MSFT. Guggenheim restated a “neutral” rating on shares of Microsoft in a research report on Thursday, May 1st. Mizuho upped their target price on shares of Microsoft from $475.00 to $500.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. The Goldman Sachs Group raised their target price on shares of Microsoft from $450.00 to $480.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Tigress Financial lifted their price objective on Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. Finally, Citigroup upped their target price on Microsoft from $480.00 to $540.00 and gave the company a “buy” rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $509.16.

Microsoft Company Profile

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.