Royal Capital Wealth Management LLC Has $8.81 Million Stock Position in Microsoft Corporation (NASDAQ:MSFT)

Royal Capital Wealth Management LLC lowered its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,908 shares of the software giant’s stock after selling 77 shares during the period. Microsoft accounts for about 6.2% of Royal Capital Wealth Management LLC’s investment portfolio, making the stock its 3rd largest position. Royal Capital Wealth Management LLC’s holdings in Microsoft were worth $8,813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in MSFT. Norges Bank bought a new position in Microsoft in the 4th quarter worth about $44,343,058,000. Proficio Capital Partners LLC grew its position in Microsoft by 34,643.3% during the 4th quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant’s stock worth $7,096,913,000 after purchasing an additional 16,788,816 shares during the last quarter. Northern Trust Corp raised its stake in shares of Microsoft by 16.1% in the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant’s stock worth $35,316,535,000 after purchasing an additional 11,600,470 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Microsoft by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant’s stock valued at $288,336,224,000 after buying an additional 10,431,988 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Microsoft by 9.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,961,337 shares of the software giant’s stock worth $25,273,704,000 after purchasing an additional 5,370,546 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In other news, EVP Amy Coleman sold 13,243 shares of the company’s stock in a transaction on 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 sale, the executive vice president now directly owns 43,100 shares of the company’s stock, valued at approximately $19,481,631. This represents a 23.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Bradford L. Smith sold 6,000 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the transaction, the insider now directly owns 471,036 shares in the company, valued at $204,038,664.12. This trade represents a 1.26% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MSFT shares. BMO Capital Markets restated an “outperform” rating on shares of Microsoft in a report on Wednesday, May 21st. Evercore ISI set a $515.00 price objective on shares of Microsoft and gave the company an “outperform” rating in a research note on Wednesday, May 21st. Jefferies Financial Group lifted their price target on shares of Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Citigroup upped their price objective on Microsoft from $540.00 to $605.00 and gave the stock a “buy” rating in a report on Wednesday, June 11th. Finally, UBS Group cut their target price on Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Five analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $515.68.

Microsoft Price Performance

Microsoft stock opened at $478.04 on Wednesday. Microsoft Corporation has a one year low of $344.79 and a one year high of $480.69. The company has a market capitalization of $3.55 trillion, a PE ratio of 36.94, a price-to-earnings-growth ratio of 2.44 and a beta of 1.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. The business has a 50 day simple moving average of $432.29 and a 200 day simple moving average of $419.32.

Microsoft (NASDAQ:MSFT) last announced 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. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The company had revenue of $70.07 billion during the quarter, compared to analysts’ expectations of $68.54 billion. During the same period in the prior year, the business posted $2.94 EPS. Microsoft’s revenue was up 13.3% on a year-over-year basis. On average, sell-side analysts forecast that Microsoft Corporation 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. Investors of record on Thursday, August 21st will be paid a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.69%. Microsoft’s dividend payout ratio is presently 25.66%.

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.