Greenwich Wealth Management LLC Purchases 2,025 Shares of Microsoft Co. (NASDAQ:MSFT)

Greenwich Wealth Management LLC increased its position in Microsoft Co. (NASDAQ:MSFT) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 56,107 shares of the software giant’s stock after purchasing an additional 2,025 shares during the quarter. Microsoft makes up 1.7% of Greenwich Wealth Management LLC’s holdings, making the stock its 7th largest position. Greenwich Wealth Management LLC’s holdings in Microsoft were worth $23,649,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the company. Adamsbrown Wealth Consultants LLC boosted its position in Microsoft by 2.2% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock worth $2,515,000 after purchasing an additional 130 shares during the period. Mcdaniel Terry & Co. lifted its stake in shares of Microsoft by 6.1% during the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock worth $133,023,000 after buying an additional 18,052 shares during the last quarter. Centric Wealth Management lifted its stake in shares of Microsoft by 0.7% during the 3rd quarter. Centric Wealth Management now owns 16,156 shares of the software giant’s stock worth $6,789,000 after buying an additional 112 shares during the last quarter. 1900 Wealth Management LLC lifted its stake in shares of Microsoft by 3.0% during the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant’s stock worth $4,274,000 after buying an additional 294 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Microsoft by 2.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 9,250,128 shares of the software giant’s stock worth $3,980,299,000 after buying an additional 217,509 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Microsoft

In other news, EVP Judson Althoff sold 16,000 shares of the company’s stock in a transaction on Monday, May 19th. The shares were sold at an average price of $458.18, for a total value of $7,330,880.00. Following the completion of the sale, the executive vice president now owns 98,010 shares in the company, valued at $44,906,221.80. This represents a 14.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of the company’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the completion of the sale, the executive vice president now owns 43,100 shares of the company’s stock, valued at approximately $19,481,631. The trade was a 23.50% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 131,743 shares of company stock worth $58,375,673. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Up 0.5%

Microsoft stock opened at $454.86 on Friday. The company has a market capitalization of $3.38 trillion, a PE ratio of 36.62, a PEG ratio of 2.21 and a beta of 0.99. The firm’s fifty day moving average is $401.04 and its 200 day moving average is $413.59. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 12-month low of $344.79 and a 12-month high of $468.35.

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

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.73%. Microsoft’s dividend payout ratio (DPR) is presently 25.66%.

Analyst Ratings Changes

A number of analysts have recently issued reports on MSFT shares. Westpark Capital restated a “hold” rating on shares of Microsoft in a research note on Thursday, May 1st. Scotiabank raised their target price on shares of Microsoft from $470.00 to $500.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 1st. DA Davidson raised their target price on shares of Microsoft from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Cantor Fitzgerald raised their target price on shares of Microsoft from $502.00 to $512.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Finally, Mizuho raised their target price on shares of Microsoft from $475.00 to $500.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and an average target price of $513.13.

About Microsoft

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.