Adams Wealth Management Purchases 2,323 Shares of Microsoft Co. (NASDAQ:MSFT)

Adams Wealth Management boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 14.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,834 shares of the software giant’s stock after acquiring an additional 2,323 shares during the quarter. Microsoft comprises about 1.5% of Adams Wealth Management’s investment portfolio, making the stock its 17th biggest position. Adams Wealth Management’s holdings in Microsoft were worth $7,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Muirfield Wealth Advisors LLC grew its position in Microsoft by 0.5% in the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant’s stock worth $1,866,000 after acquiring an additional 24 shares in the last quarter. Retirement Financial Solutions LLC lifted its stake in shares of Microsoft by 2.3% in the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant’s stock worth $443,000 after buying an additional 24 shares during the last quarter. Boulder Wealth Advisors LLC lifted its stake in shares of Microsoft by 1.0% in the third quarter. Boulder Wealth Advisors LLC now owns 2,569 shares of the software giant’s stock worth $1,106,000 after buying an additional 25 shares during the last quarter. Sterling Group Wealth Management LLC lifted its stake in shares of Microsoft by 0.5% in the fourth quarter. Sterling Group Wealth Management LLC now owns 5,540 shares of the software giant’s stock worth $2,335,000 after buying an additional 25 shares during the last quarter. Finally, Kuhn & Co Investment Counsel raised its stake in Microsoft by 0.8% during the 4th quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant’s stock valued at $1,385,000 after purchasing an additional 25 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

Insider Buying and Selling at Microsoft

In related news, insider Bradford L. Smith sold 75,000 shares of the business’s 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 completion of the transaction, the insider now owns 476,999 shares of the company’s stock, valued at $207,995,413.95. The trade was a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the transaction, the executive vice president now owns 43,100 shares in the company, valued at approximately $19,481,631. This represents 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 quarter. 0.03% of the stock is currently owned by insiders.

Microsoft Price Performance

Shares of MSFT opened at $474.96 on Friday. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $480.42. 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 company has a 50 day moving average of $428.05 and a 200-day moving average of $418.65. The stock has a market capitalization of $3.53 trillion, a P/E ratio of 38.24, a P/E/G ratio of 2.21 and a beta of 1.03.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $68.54 billion. During the same period last year, the business earned $2.94 earnings per share. The firm’s revenue was up 13.3% on a year-over-year basis. As a group, equities research analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft’s dividend payout ratio is 25.66%.

Analyst Upgrades and Downgrades

Several research firms recently commented on MSFT. JPMorgan Chase & Co. upped their target price on shares of Microsoft from $465.00 to $475.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Jefferies Financial Group upped their target price on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Cantor Fitzgerald increased their price objective on shares of Microsoft from $502.00 to $512.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. KeyCorp reissued a “sector weight” rating on shares of Microsoft in a report on Thursday, April 17th. Finally, Benchmark restated a “buy” rating on shares of Microsoft in a research report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $515.68.

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.