Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Creekmur Asset Management LLC

Creekmur Asset Management LLC boosted its stake in Microsoft Co. (NASDAQ:MSFT) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,343 shares of the software giant’s stock after acquiring an additional 98 shares during the quarter. Microsoft comprises about 0.7% of Creekmur Asset Management LLC’s holdings, making the stock its 21st largest holding. Creekmur Asset Management LLC’s holdings in Microsoft were worth $3,095,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. WFA Asset Management Corp lifted its holdings 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 buying an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. lifted its stake in shares of Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after acquiring an additional 38 shares in the last quarter. Discipline Wealth Solutions LLC boosted its holdings in Microsoft by 410.4% in the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock valued at $1,144,000 after purchasing an additional 2,138 shares during the last quarter. United Bank increased its holdings in Microsoft by 4.1% during the 3rd quarter. United Bank now owns 18,378 shares of the software giant’s stock worth $7,908,000 after purchasing an additional 730 shares during the last quarter. Finally, Stansberry Asset Management LLC increased its holdings in Microsoft by 1.0% during the 3rd quarter. Stansberry Asset Management LLC now owns 45,695 shares of the software giant’s stock worth $19,663,000 after purchasing an additional 431 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Ratings Changes

MSFT has been the subject of several research analyst reports. Wedbush reiterated an “outperform” rating on shares of Microsoft in a research note on Wednesday, May 21st. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a report on Thursday, May 1st. Wells Fargo & Company increased their price objective on shares of Microsoft from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. TD Securities boosted their target price on shares of Microsoft from $475.00 to $490.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Finally, Citigroup upped their target price on shares of Microsoft from $480.00 to $540.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Four equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $513.59.

Microsoft Stock Up 0.6%

Microsoft stock opened at $470.38 on Monday. 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 Co. has a one year low of $344.79 and a one year high of $473.34. The company has a 50-day simple moving average of $417.20 and a 200-day simple moving average of $416.68. The firm has a market capitalization of $3.50 trillion, a P/E ratio of 37.87, a P/E/G ratio of 2.21 and a beta of 1.03.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $68.54 billion. During the same period in the previous year, the business posted $2.94 EPS. Microsoft’s revenue was up 13.3% on a year-over-year basis. As a group, equities analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.71%. Microsoft’s dividend payout ratio is presently 25.66%.

Insider Buying and Selling

In related news, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the sale, the executive vice president now directly owns 43,930 shares in the company, valued at $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Amy Coleman sold 13,243 shares of the company’s 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 directly owns 43,100 shares of the company’s stock, valued at $19,481,631. The trade was a 23.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock valued at $60,224,683 in the last three months. 0.03% of the stock is currently owned by corporate insiders.

Microsoft 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.