KFG Wealth Management LLC Has $1.97 Million Stake in Microsoft Corporation (NASDAQ:MSFT)

KFG Wealth Management LLC decreased its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 5.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,242 shares of the software giant’s stock after selling 301 shares during the quarter. KFG Wealth Management LLC’s holdings in Microsoft were worth $1,968,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Adamsbrown Wealth Consultants LLC grew its position in shares of Microsoft by 2.2% during the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock worth $2,515,000 after buying an additional 130 shares during the period. Mcdaniel Terry & Co. grew its position in shares of Microsoft by 6.1% during the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock worth $133,023,000 after buying an additional 18,052 shares during the period. 1900 Wealth Management LLC grew its position in shares of Microsoft by 3.0% during the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant’s stock worth $4,274,000 after buying an additional 294 shares during the period. Strategic Financial Services Inc. grew its position in shares of Microsoft by 7.8% during the 4th quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant’s stock worth $7,345,000 after buying an additional 1,268 shares during the period. Finally, Elevate Wealth Advisory Inc. grew its holdings in Microsoft by 147.9% during the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant’s stock valued at $737,000 after purchasing an additional 1,043 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Activity

In other news, EVP Amy Coleman sold 13,243 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the transaction, the executive vice president directly owned 43,100 shares of the company’s stock, valued at $19,481,631. This represents a 23.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Judson Althoff sold 16,000 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $458.18, for a total value of $7,330,880.00. Following the transaction, the executive vice president directly owned 98,010 shares in the company, valued at $44,906,221.80. The trade was a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 135,743 shares of company stock worth $60,224,683. Insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Microsoft stock opened at $498.25 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $3.70 trillion, a P/E ratio of 38.50, a PEG ratio of 2.26 and a beta of 1.04. The stock’s 50 day moving average is $461.41 and its 200 day moving average is $423.57. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $500.76.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (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 analysts’ expectations of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.94 EPS. On average, equities research analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 0.67%. Microsoft’s payout ratio is 25.66%.

Analyst Ratings Changes

MSFT has been the subject of a number of analyst reports. Westpark Capital restated a “hold” rating on shares of Microsoft in a report on Thursday, May 1st. Citigroup boosted their price objective on shares of Microsoft from $540.00 to $605.00 and gave the company a “buy” rating in a report on Wednesday, June 11th. Raymond James Financial boosted their price objective on shares of Microsoft from $480.00 to $490.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. UBS Group restated a “positive” rating on shares of Microsoft in a report on Monday, June 30th. Finally, DA Davidson boosted their price objective on shares of Microsoft from $500.00 to $600.00 and gave the company a “buy” rating in a report on Wednesday. Five research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $524.71.

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.