KMT Wealth Management LLC Buys New Shares in Microsoft Corporation (NASDAQ:MSFT)

KMT Wealth Management LLC bought a new stake in Microsoft Corporation (NASDAQ:MSFT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 896 shares of the software giant’s stock, valued at approximately $378,000. Microsoft comprises 0.3% of KMT Wealth Management LLC’s investment portfolio, making the stock its 9th largest position.

Several other institutional investors and hedge funds have also made changes to their positions in MSFT. Ball & Co Wealth Management Inc. acquired a new position in Microsoft during the 4th quarter worth approximately $31,000. Fiduciary Advisors Inc. purchased a new position in shares of Microsoft during the 4th quarter worth $38,000. IFS Advisors LLC lifted 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 purchasing an additional 35 shares during the period. LSV Asset Management purchased a new position in shares of Microsoft in the 4th quarter worth $44,000. Finally, Fairway Wealth LLC acquired a new position in Microsoft in the fourth quarter valued at $62,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on MSFT shares. DA Davidson boosted their price objective on Microsoft from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Wall Street Zen lowered Microsoft from a “buy” rating to a “hold” rating in a report on Saturday, June 14th. Needham & Company LLC restated a “buy” rating on shares of Microsoft in a research report on Thursday, May 1st. TD Securities increased their price objective on Microsoft from $475.00 to $490.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Finally, Scotiabank upped their price target on Microsoft from $470.00 to $500.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $515.68.

Insider Activity at Microsoft

In other Microsoft news, EVP Takeshi Numoto sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was 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 owns 43,930 shares in the company, valued at $20,339,590. This represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 476,999 shares in the company, 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 worth $60,224,683. 0.03% of the stock is owned by insiders.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $477.40 on Friday. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $483.46. The company has a market cap of $3.55 trillion, a P/E ratio of 36.89, a P/E/G ratio of 2.44 and a beta of 1.03. The business’s 50 day moving average is $437.84 and its two-hundred day moving average is $420.47. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating the consensus estimate of $3.22 by $0.24. The business had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. Microsoft’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.94 EPS. On average, equities analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

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

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.