12,202 Shares in Microsoft Co. (NASDAQ:MSFT) Bought by U S Wealth Group LLC.

U S Wealth Group LLC. purchased a new position in shares of Microsoft Co. (NASDAQ:MSFT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,202 shares of the software giant’s stock, valued at approximately $5,143,000. Microsoft accounts for about 3.9% of U S Wealth Group LLC.’s investment portfolio, making the stock its 8th biggest holding.

A number of other hedge funds also recently modified their holdings of the business. Fiduciary Advisors Inc. bought a new position in Microsoft in the fourth quarter valued at approximately $38,000. IFS Advisors LLC boosted its stake in shares of Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after acquiring an additional 35 shares during the period. Avondale Wealth Management lifted its holdings in Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after purchasing an additional 65 shares during the last quarter. Fairway Wealth LLC acquired a new stake in Microsoft during the 4th quarter worth approximately $62,000. Finally, Sellwood Investment Partners LLC acquired a new stake in Microsoft during the 4th quarter worth approximately $120,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Up 1.3%

MSFT stock opened at $478.87 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $3.56 trillion, a PE ratio of 38.56, a P/E/G ratio of 2.21 and a beta of 1.03. The stock’s 50 day moving average is $425.64 and its 200-day moving average is $418.26. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $480.42.

Microsoft (NASDAQ:MSFT) last issued 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 company had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. Microsoft’s revenue was up 13.3% on a year-over-year basis. During the same period last year, the business posted $2.94 earnings per share. Sell-side analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft’s dividend payout ratio is currently 25.66%.

Insiders Place Their Bets

In related news, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the sale, the executive vice president now owns 134,888 shares of the company’s stock, valued at approximately $61,208,127.76. This trade represents a 13.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the sale, the executive vice president now directly owns 43,930 shares of the company’s stock, valued at $20,339,590. This represents a 6.39% 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 over the last ninety days. 0.03% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MSFT shares. Piper Sandler reaffirmed an “overweight” rating on shares of Microsoft in a report on Wednesday, May 21st. Cantor Fitzgerald boosted their price objective on Microsoft from $502.00 to $512.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Tigress Financial boosted their price objective on Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. Benchmark reiterated a “buy” rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, Wedbush reiterated an “outperform” rating on shares of Microsoft in a research report on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. Based on data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $513.89.

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.