Microsoft Co. (NASDAQ:MSFT) Position Trimmed by Endowment Wealth Management Inc.

Endowment Wealth Management Inc. trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,700 shares of the software giant’s stock after selling 31 shares during the quarter. Microsoft makes up about 1.3% of Endowment Wealth Management Inc.’s investment portfolio, making the stock its 19th largest holding. Endowment Wealth Management Inc.’s holdings in Microsoft were worth $1,981,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in MSFT. Fiduciary Advisors Inc. acquired a new stake in shares of Microsoft during the 4th quarter valued at about $38,000. IFS Advisors LLC lifted its holdings in shares of Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after buying an additional 35 shares during the last quarter. Avondale Wealth Management lifted its holdings in shares of Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after buying an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in shares of Microsoft during the 3rd quarter valued at about $62,000. Finally, Fairway Wealth LLC acquired a new stake in shares of Microsoft during the 4th quarter valued at about $62,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Bradford L. Smith sold 75,000 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the sale, the insider now directly owns 476,999 shares in the company, valued at approximately $207,995,413.95. The trade was a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Amy Coleman sold 13,243 shares of the company’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the sale, the executive vice president now owns 43,100 shares in the company, valued at $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 94,243 shares of company stock worth $41,288,738. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MSFT. Westpark Capital reiterated a “hold” rating on shares of Microsoft in a report on Thursday, May 1st. Barclays lifted their price target on Microsoft from $430.00 to $494.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Scotiabank boosted their target price on Microsoft from $470.00 to $500.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 1st. Needham & Company LLC restated a “buy” rating on shares of Microsoft in a report on Thursday, May 1st. Finally, Raymond James boosted their target price on Microsoft from $480.00 to $490.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $510.30.

Microsoft Stock Performance

MSFT opened at $454.27 on Friday. The stock has a market cap of $3.38 trillion, a PE ratio of 36.58, a P/E/G ratio of 2.21 and a beta of 0.99. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35. The stock’s 50 day simple moving average is $395.33 and its 200-day simple moving average is $412.48.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. The business had revenue of $70.07 billion for the quarter, compared to analysts’ expectations of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. Microsoft’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.94 earnings per share. Sell-side analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently disclosed 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. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio is presently 25.66%.

Microsoft 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.