Taylor & Morgan Wealth Management LLC Decreases Holdings in Microsoft Corporation (NASDAQ:MSFT)

Taylor & Morgan Wealth Management LLC reduced its holdings in Microsoft Corporation (NASDAQ:MSFT) by 2.1% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,540 shares of the software giant’s stock after selling 252 shares during the quarter. Microsoft accounts for about 3.3% of Taylor & Morgan Wealth Management LLC’s investment portfolio, making the stock its 8th largest position. Taylor & Morgan Wealth Management LLC’s holdings in Microsoft were worth $4,332,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MSFT. Muirfield Wealth Advisors LLC lifted its holdings in Microsoft by 0.5% in the 4th quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant’s stock worth $1,866,000 after buying an additional 24 shares during the period. Retirement Financial Solutions LLC raised its position in shares of Microsoft by 2.3% in the 4th quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant’s stock worth $443,000 after acquiring an additional 24 shares in the last quarter. Sterling Group Wealth Management LLC raised its position in shares of Microsoft by 0.5% in the 4th quarter. Sterling Group Wealth Management LLC now owns 5,540 shares of the software giant’s stock worth $2,335,000 after acquiring an additional 25 shares in the last quarter. Kuhn & Co Investment Counsel raised its position in shares of Microsoft by 0.8% in the 4th quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant’s stock worth $1,385,000 after acquiring an additional 25 shares in the last quarter. Finally, Alliance Wealth Management Group raised its position in shares of Microsoft by 0.4% in the 4th quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant’s stock worth $2,368,000 after acquiring an additional 25 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Up 1.1%

Microsoft stock opened at $497.45 on Friday. The firm has a market cap of $3.70 trillion, a price-to-earnings ratio of 38.44, a PEG ratio of 2.50 and a beta of 1.03. The stock has a fifty day simple moving average of $446.90 and a two-hundred day simple moving average of $421.75. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $498.04. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.24. The business had revenue of $70.07 billion during 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%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.94 EPS. Equities analysts predict that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The company 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. This represents a $3.32 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft’s payout ratio is currently 25.66%.

Insider Buying and Selling

In related news, insider Bradford L. Smith sold 75,000 shares of Microsoft stock in a transaction 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 completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction on Friday, May 30th. The stock was sold at an average price of $460.01, for a total value of $460,010.00. Following the completion of the sale, the executive vice president now directly owns 47,058 shares of the company’s stock, valued at $21,647,150.58. The trade was a 2.08% 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 over the last 90 days. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MSFT shares. Morgan Stanley reissued an “overweight” rating and issued a $530.00 target price (up previously from $482.00) on shares of Microsoft in a research report on Thursday. UBS Group decreased their target price on Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Westpark Capital reissued a “hold” rating on shares of Microsoft in a research report on Thursday, May 1st. Citigroup increased their target price on Microsoft from $540.00 to $605.00 and gave the stock a “buy” rating in a research report on Wednesday, June 11th. Finally, Wall Street Zen raised Microsoft from a “hold” rating to a “buy” rating in a research report on Sunday, June 22nd. Four research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $521.14.

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.