Family Legacy Inc. Has $8.75 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Family Legacy Inc. lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,612 shares of the software giant’s stock after acquiring an additional 189 shares during the period. Microsoft makes up 3.0% of Family Legacy Inc.’s holdings, making the stock its 2nd biggest holding. Family Legacy Inc.’s holdings in Microsoft were worth $8,751,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MSFT. Adamsbrown Wealth Consultants LLC grew its position in Microsoft by 2.2% in the 4th 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 in the last quarter. Mcdaniel Terry & Co. grew its position in Microsoft by 6.1% in the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock worth $133,023,000 after purchasing an additional 18,052 shares in the last quarter. 1900 Wealth Management LLC grew its position in Microsoft by 3.0% in the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant’s stock worth $4,274,000 after purchasing an additional 294 shares in the last quarter. Strategic Financial Services Inc. grew its position in Microsoft by 7.8% in the 4th quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant’s stock worth $7,345,000 after purchasing an additional 1,268 shares in the last quarter. Finally, Elevate Wealth Advisory Inc. grew its position in Microsoft by 147.9% in the 4th quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant’s stock worth $737,000 after purchasing an additional 1,043 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Microsoft Price Performance

NASDAQ:MSFT opened at $470.38 on Friday. The firm has a market capitalization of $3.50 trillion, a price-to-earnings ratio of 37.87, a P/E/G ratio of 2.21 and a beta of 1.03. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $473.34. The stock has a fifty day moving average of $417.20 and a 200 day moving average of $416.68. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.24. The company had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the company earned $2.94 earnings per share. On average, research analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal 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 paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio is 25.66%.

Insider Activity at Microsoft

In other Microsoft news, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction dated 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 $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bradford L. Smith sold 75,000 shares of Microsoft stock in a transaction dated Friday, May 2nd. The stock was 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 of the company’s stock, valued at approximately $207,995,413.95. This trade represents a 13.59% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,743 shares of company stock valued at $60,224,683. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on MSFT. Stifel Nicolaus upped their price objective on shares of Microsoft from $475.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Needham & Company LLC reissued a “buy” rating on shares of Microsoft in a research report on Thursday, May 1st. TD Securities increased their target price on shares of Microsoft from $475.00 to $490.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. DA Davidson increased their target price on shares of Microsoft from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Finally, KeyCorp restated a “sector weight” rating on shares of Microsoft in a research note on Thursday, April 17th. Four analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and an average price target of $513.13.

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.