Weinberger Asset Management Inc Has $582,000 Position in Microsoft Corporation (NASDAQ:MSFT)

Weinberger Asset Management Inc cut its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 14.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,552 shares of the software giant’s stock after selling 271 shares during the period. Weinberger Asset Management Inc’s holdings in Microsoft were worth $582,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Ball & Co Wealth Management Inc. acquired a new position in Microsoft during the fourth quarter valued at approximately $31,000. Fiduciary Advisors Inc. acquired a new position in Microsoft during the fourth quarter valued at approximately $38,000. IFS Advisors LLC boosted its position in Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after purchasing an additional 35 shares during the last quarter. LSV Asset Management acquired a new position in Microsoft during the fourth quarter valued at approximately $44,000. Finally, Fairway Wealth LLC acquired a new position in Microsoft during the fourth quarter valued at approximately $62,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Performance

NASDAQ:MSFT opened at $492.27 on Thursday. The stock has a fifty day moving average price of $444.31 and a 200-day moving average price of $421.40. The company has a market cap of $3.66 trillion, a price-to-earnings ratio of 38.04, a PEG ratio of 2.49 and a beta of 1.03. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $494.56.

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 analysts’ consensus estimates of $3.22 by $0.24. The firm 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 company’s revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.94 EPS. As a group, equities analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given 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 0.67%. Microsoft’s payout ratio is 25.66%.

Insider Activity

In other news, EVP Takeshi Numoto sold 3,000 shares of the company’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the completion of the sale, the executive vice president now directly owns 43,930 shares in the company, valued at approximately $20,339,590. This represents a 6.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Bradford L. Smith sold 75,000 shares of the company’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total value of $32,703,750.00. Following the sale, the insider now owns 476,999 shares of the company’s stock, valued at approximately $207,995,413.95. The trade was a 13.59% decrease in their ownership of the stock. 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 currently owned by company insiders.

Analysts Set New Price Targets

MSFT has been the subject of several recent research reports. Jefferies Financial Group increased their price target on Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research report on Thursday, May 1st. Benchmark reiterated a “buy” rating on shares of Microsoft in a research note on Thursday, May 1st. Stifel Nicolaus lifted their target price on Microsoft from $475.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Finally, The Goldman Sachs Group lifted their target price on Microsoft from $480.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $519.43.

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.