CFO4Life Group LLC Has $17.16 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

CFO4Life Group LLC lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,709 shares of the software giant’s stock after acquiring an additional 400 shares during the quarter. Microsoft comprises approximately 3.0% of CFO4Life Group LLC’s holdings, making the stock its 9th largest position. CFO4Life Group LLC’s holdings in Microsoft were worth $17,159,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MSFT. Proficio Capital Partners LLC lifted its position in Microsoft by 34,643.3% during the 4th quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant’s stock worth $7,096,913,000 after acquiring an additional 16,788,816 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Microsoft by 76.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant’s stock worth $4,439,407,000 after acquiring an additional 4,568,539 shares during the period. Geode Capital Management LLC increased its position in Microsoft by 2.0% during the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock worth $70,790,682,000 after acquiring an additional 3,264,648 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Microsoft by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant’s stock worth $23,490,417,000 after purchasing an additional 2,125,030 shares in the last quarter. Finally, Strategic Financial Concepts LLC grew its holdings in shares of Microsoft by 43,900.4% during the 4th quarter. Strategic Financial Concepts LLC now owns 2,042,499 shares of the software giant’s stock worth $860,913,000 after purchasing an additional 2,037,857 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Bank of America decreased their price objective on Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Barclays boosted their price target on shares of Microsoft from $430.00 to $494.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Guggenheim reissued a “neutral” rating on shares of Microsoft in a report on Thursday, May 1st. StockNews.com raised shares of Microsoft from a “hold” rating to a “buy” rating in a report on Monday, May 5th. Finally, Raymond James boosted their price target on shares of Microsoft from $480.00 to $490.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Five analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $510.30.

Insider Activity at Microsoft

In related news, insider Bradford L. Smith sold 6,000 shares of the business’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 transaction, the insider now directly owns 471,036 shares in the company, valued at approximately $204,038,664.12. The trade was a 1.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of the business’s stock in a transaction dated 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 approximately $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. In the last three months, insiders sold 94,243 shares of company stock worth $41,288,738. 0.03% of the stock is owned by company insiders.

Microsoft Stock Up 1.0%

Shares of NASDAQ:MSFT opened at $458.87 on Tuesday. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $468.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The company has a market capitalization of $3.41 trillion, a PE ratio of 36.95, a PEG ratio of 2.21 and a beta of 0.99. The company has a 50 day moving average price of $396.84 and a two-hundred day moving average price of $412.71.

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

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.72%. Microsoft’s dividend payout ratio is presently 25.66%.

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.