Microsoft Corporation (NASDAQ:MSFT) is Partnership Wealth Management LLC’s 8th Largest Position

Partnership Wealth Management LLC reduced its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 1.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,427 shares of the software giant’s stock after selling 113 shares during the period. Microsoft makes up approximately 2.7% of Partnership Wealth Management LLC’s portfolio, making the stock its 8th largest position. Partnership Wealth Management LLC’s holdings in Microsoft were worth $3,163,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. WFA Asset Management Corp lifted its stake in shares of Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after purchasing an additional 216 shares during the period. 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 valued at $5,658,000 after purchasing an additional 38 shares during the period. Discipline Wealth Solutions LLC lifted its stake in shares of 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 period. Wealth Group Ltd. lifted its stake in shares of Microsoft by 1.2% in the fourth quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant’s stock valued at $1,000,000 after purchasing an additional 28 shares during the period. Finally, RMR Wealth Builders lifted its stake in shares of Microsoft by 3.6% in the fourth quarter. RMR Wealth Builders now owns 49,658 shares of the software giant’s stock valued at $20,931,000 after purchasing an additional 1,739 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $490.11 on Wednesday. The company has a market cap of $3.64 trillion, a P/E ratio of 37.88, a P/E/G ratio of 2.47 and a beta of 1.03. 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 Corporation has a 52 week low of $344.79 and a 52 week high of $491.85. The business has a fifty day simple moving average of $441.90 and a 200-day simple moving average of $420.91.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data 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 business 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 32.74% and a net margin of 35.79%. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.94 earnings per share. Equities research analysts forecast that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.68%. Microsoft’s payout ratio is 25.66%.

Insider Transactions at Microsoft

In other news, 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 transaction of $32,703,750.00. Following the completion of the transaction, the insider now directly owns 476,999 shares in the company, valued at approximately $207,995,413.95. This represents a 13.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Takeshi Numoto sold 3,000 shares of Microsoft 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 completion of the transaction, the executive vice president now owns 43,930 shares of the company’s stock, valued at approximately $20,339,590. The trade was a 6.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 135,743 shares of company stock worth $60,224,683 in the last ninety days. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Wall Street Zen upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a research note on Sunday. Stifel Nicolaus boosted their price objective on shares of Microsoft from $475.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Jefferies Financial Group boosted their price objective on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. BMO Capital Markets reiterated an “outperform” rating on shares of Microsoft in a research report on Wednesday, May 21st. Finally, Cantor Fitzgerald boosted their price objective on shares of Microsoft from $502.00 to $512.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. Based on data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and an average target price of $515.68.

About Microsoft

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.