Microsoft Corporation (NASDAQ:MSFT) is Relyea Zuckerberg Hanson LLC’s 7th Largest Position

Relyea Zuckerberg Hanson LLC trimmed its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 6.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,524 shares of the software giant’s stock after selling 3,749 shares during the quarter. Microsoft makes up approximately 2.7% of Relyea Zuckerberg Hanson LLC’s investment portfolio, making the stock its 7th largest position. Relyea Zuckerberg Hanson LLC’s holdings in Microsoft were worth $20,093,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in MSFT. Ball & Co Wealth Management Inc. acquired a new position in Microsoft during the 4th quarter worth about $31,000. Fiduciary Advisors Inc. acquired a new position in Microsoft during the 4th quarter worth about $38,000. LSV Asset Management acquired a new position in Microsoft during the 4th quarter worth about $44,000. Fairway Wealth LLC acquired a new position in Microsoft during the 4th quarter worth about $62,000. Finally, IFS Advisors LLC lifted its stake in Microsoft by 50.0% during the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock worth $57,000 after acquiring an additional 50 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Judson Althoff sold 16,000 shares of Microsoft stock in a transaction on Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the completion of the transaction, the executive vice president directly owned 98,010 shares of the company’s stock, valued at approximately $44,906,221.80. The trade was a 14.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction 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 transaction, the executive vice president directly owned 43,930 shares of the company’s stock, valued at approximately $20,339,590. This represents a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,743 shares of company stock valued at $60,224,683 in the last 90 days. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Citigroup increased their price target on Microsoft from $540.00 to $605.00 and gave the company a “buy” rating in a research report on Wednesday, June 11th. Bank of America dropped their price objective on Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company increased their price objective on Microsoft from $565.00 to $585.00 and gave the company an “overweight” rating in a report on Wednesday, June 25th. Westpark Capital reiterated a “hold” rating on shares of Microsoft in a report on Thursday, May 1st. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Microsoft in a report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $534.14.

Microsoft Stock Up 0.6%

MSFT opened at $505.82 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. The business has a 50 day simple moving average of $473.43 and a 200-day simple moving average of $426.73. The stock has a market capitalization of $3.76 trillion, a P/E ratio of 39.09, a P/E/G ratio of 2.28 and a beta of 1.04. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $508.30.

Microsoft (NASDAQ:MSFT) last posted 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 during 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 company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the firm earned $2.94 EPS. On average, equities analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

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 dividend of $0.83 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.66%. Microsoft’s dividend payout ratio is presently 25.66%.

Microsoft 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.