IMG Wealth Management Inc. Buys Shares of 1,214 Microsoft Co. (NASDAQ:MSFT)

IMG Wealth Management Inc. bought a new stake in shares of Microsoft Co. (NASDAQ:MSFT) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 1,214 shares of the software giant’s stock, valued at approximately $512,000. Microsoft comprises approximately 0.5% of IMG Wealth Management Inc.’s portfolio, making the stock its 29th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. WFA Asset Management Corp boosted its stake in Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after purchasing an additional 216 shares during the period. Ironwood Wealth Management LLC. boosted its stake in shares of Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after buying an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC boosted its stake in shares of Microsoft by 410.4% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock worth $1,144,000 after buying an additional 2,138 shares during the last quarter. Swedbank AB raised its holdings in shares of Microsoft by 0.4% in the 3rd quarter. Swedbank AB now owns 13,689,356 shares of the software giant’s stock valued at $5,890,530,000 after purchasing an additional 49,288 shares during the period. Finally, Pettinga Financial Advisors LLC raised its holdings in shares of Microsoft by 1.4% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 7,749 shares of the software giant’s stock valued at $3,334,000 after purchasing an additional 109 shares during the period. Institutional investors own 71.13% of the company’s stock.

Microsoft Trading Down 1.0%

NASDAQ:MSFT opened at $450.18 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The firm has a 50-day moving average of $402.37 and a 200-day moving average of $413.88. The company has a market cap of $3.35 trillion, a PE ratio of 36.25, a PEG ratio of 2.21 and a beta of 0.99. Microsoft Co. has a one year low of $344.79 and a one year high of $468.35.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping 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 business had revenue of $70.07 billion for the quarter, compared to analysts’ expectations of $68.54 billion. During the same period in the previous year, the company earned $2.94 earnings per share. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, equities research analysts expect 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. Shareholders of record on Thursday, May 15th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s payout ratio is 25.66%.

Analysts Set New Price Targets

Several research firms have weighed in on MSFT. Raymond James increased 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. Morgan Stanley lifted their price objective on shares of Microsoft from $472.00 to $482.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. DA Davidson lifted their price objective on shares of Microsoft from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. The Goldman Sachs Group raised their target price on shares of Microsoft from $480.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Bank of America cut their price target on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $513.13.

Insider Buying and Selling at Microsoft

In related news, insider Bradford L. Smith sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the sale, the insider now owns 471,036 shares of the company’s stock, valued at approximately $204,038,664.12. This represents a 1.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of the company’s stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the sale, the executive vice president now directly owns 98,010 shares in the company, valued at $44,906,221.80. This trade represents a 14.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,743 shares of company stock worth $58,375,673 over the last three months. 0.03% of the stock is currently owned by insiders.

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.