Microsoft Corporation (NASDAQ:MSFT) Shares Acquired by Defined Wealth Management LLC

Defined Wealth Management LLC increased its holdings in Microsoft Corporation (NASDAQ:MSFT) by 2.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 3,793 shares of the software giant’s stock after buying an additional 77 shares during the period. Microsoft comprises approximately 1.0% of Defined Wealth Management LLC’s holdings, making the stock its 28th biggest position. Defined Wealth Management LLC’s holdings in Microsoft were worth $1,424,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Everhart Financial Group Inc. boosted its stake in Microsoft by 1.6% during the 1st quarter. Everhart Financial Group Inc. now owns 48,952 shares of the software giant’s stock valued at $18,376,000 after purchasing an additional 783 shares during the period. Marshall Financial Group LLC boosted its stake in Microsoft by 1.4% during the 1st quarter. Marshall Financial Group LLC now owns 11,780 shares of the software giant’s stock valued at $4,422,000 after purchasing an additional 158 shares during the period. Puff Wealth Management LLC boosted its stake in Microsoft by 18.5% during the 1st quarter. Puff Wealth Management LLC now owns 2,026 shares of the software giant’s stock valued at $761,000 after purchasing an additional 317 shares during the period. Hilltop Wealth Advisors LLC boosted its stake in Microsoft by 4.1% during the 1st quarter. Hilltop Wealth Advisors LLC now owns 5,289 shares of the software giant’s stock valued at $1,986,000 after purchasing an additional 209 shares during the period. Finally, Sanchez Wealth Management Group boosted its stake in Microsoft by 1.4% during the 1st quarter. Sanchez Wealth Management Group now owns 9,138 shares of the software giant’s stock valued at $3,430,000 after purchasing an additional 129 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Morgan Stanley restated an “overweight” rating and set a $530.00 price target (up from $482.00) on shares of Microsoft in a research report on Thursday, June 26th. UBS Group restated a “positive” rating on shares of Microsoft in a research report on Monday, June 30th. Royal Bank Of Canada restated an “outperform” rating and set a $525.00 price target on shares of Microsoft in a research report on Friday, May 23rd. Cantor Fitzgerald boosted their price target 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. Finally, Bank of America dropped their price target on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Four equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $534.14.

Insiders Place Their Bets

In related news, EVP Kathleen T. Hogan sold 21,500 shares of the company’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the transaction, the executive vice president directly owned 134,888 shares in the company, valued at $61,208,127.76. This represents a 13.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Judson Althoff sold 16,000 shares of the company’s stock in a transaction on Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the transaction, the executive vice president 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 disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock valued at $60,224,683 in the last three months. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Microsoft stock opened at $505.82 on Wednesday. The firm’s 50 day simple moving average is $473.43 and its 200-day simple moving average is $426.73. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $508.30. The company has a market cap of $3.76 trillion, a P/E ratio of 39.09, a price-to-earnings-growth ratio of 2.28 and a beta of 1.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36.

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 firm had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The firm’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.94 earnings per share. As a group, equities research analysts predict that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft’s dividend payout ratio is 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.