Tumwater Wealth Management LLC Makes New Investment in Microsoft Co. (NASDAQ:MSFT)

Tumwater Wealth Management LLC purchased a new position in Microsoft Co. (NASDAQ:MSFT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,924 shares of the software giant’s stock, valued at approximately $1,233,000. Microsoft accounts for about 0.6% of Tumwater Wealth Management LLC’s investment portfolio, making the stock its 11th largest position.

A number of other large investors have also bought and sold shares of MSFT. Geode Capital Management LLC increased its stake in shares of Microsoft by 2.0% during the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock valued at $70,790,682,000 after buying an additional 3,264,648 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Microsoft by 4.1% during the third 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 valued at $23,490,417,000 after buying an additional 2,125,030 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Microsoft by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 49,052,704 shares of the software giant’s stock valued at $20,675,715,000 after buying an additional 1,823,579 shares during the period. Franklin Resources Inc. increased its stake in shares of Microsoft by 1.1% during the third quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant’s stock valued at $16,104,959,000 after buying an additional 406,940 shares during the period. Finally, Fisher Asset Management LLC increased its stake in shares of Microsoft by 1.2% during the fourth quarter. Fisher Asset Management LLC now owns 28,228,502 shares of the software giant’s stock valued at $11,898,314,000 after buying an additional 324,052 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Trading Up 0.5%

NASDAQ MSFT opened at $454.86 on Friday. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35. The stock has a market cap of $3.38 trillion, a P/E ratio of 36.62, a P/E/G ratio of 2.21 and a beta of 0.99. The stock’s fifty day moving average price is $401.04 and its 200-day moving average price is $413.59. 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 (NASDAQ:MSFT) last released its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The firm had revenue of $70.07 billion for the quarter, compared to analysts’ expectations of $68.54 billion. During the same period in the prior year, the firm posted $2.94 earnings per share. The company’s quarterly revenue was up 13.3% on a year-over-year basis. As a group, equities analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

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

Insider Activity at Microsoft

In related news, EVP Amy Coleman sold 13,243 shares of the 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 sale, the executive vice president now directly owns 43,100 shares of the company’s stock, valued at $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total value of $32,703,750.00. Following the sale, the insider now directly owns 476,999 shares in the company, valued at $207,995,413.95. This trade represents a 13.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 131,743 shares of company stock valued at $58,375,673 over the last ninety days. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Morgan Stanley boosted their target price on Microsoft from $472.00 to $482.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Cantor Fitzgerald boosted their target price on Microsoft from $502.00 to $512.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Benchmark reissued a “buy” rating on shares of Microsoft in a research note on Thursday, May 1st. KeyCorp reissued a “sector weight” rating on shares of Microsoft in a research note on Thursday, April 17th. Finally, TD Securities upped their price target on Microsoft from $475.00 to $490.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Four analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. According to MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus 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.