Microsoft Corporation (NASDAQ:MSFT) Shares Purchased by Hilltop Wealth Advisors LLC

Hilltop Wealth Advisors LLC boosted its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 4.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,289 shares of the software giant’s stock after acquiring an additional 209 shares during the quarter. Microsoft accounts for approximately 1.1% of Hilltop Wealth Advisors LLC’s investment portfolio, making the stock its 20th biggest position. Hilltop Wealth Advisors LLC’s holdings in Microsoft were worth $1,986,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Ball & Co Wealth Management Inc. acquired a new position in Microsoft during the fourth quarter worth $31,000. Fiduciary Advisors Inc. acquired a new stake in shares of Microsoft during the fourth quarter valued at $38,000. LSV Asset Management acquired a new stake in shares of Microsoft during the fourth quarter valued at $44,000. Fairway Wealth LLC purchased a new position in Microsoft during the fourth quarter worth about $62,000. Finally, IFS Advisors LLC lifted its position in Microsoft by 50.0% during the first quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock worth $57,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling

In other Microsoft news, EVP Takeshi Numoto sold 3,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president owned 43,930 shares of the company’s stock, valued at $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of the business’s stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the completion of the sale, the executive vice president directly owned 98,010 shares of the company’s stock, valued at $44,906,221.80. This represents a 14.03% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Wedbush raised their price objective on Microsoft from $515.00 to $600.00 and gave the stock an “outperform” rating in a report on Wednesday, June 25th. Westpark Capital reissued a “hold” rating on shares of Microsoft in a research report on Thursday, May 1st. Raymond James Financial lifted their target price on Microsoft from $480.00 to $490.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. DA Davidson boosted their price objective on Microsoft from $500.00 to $600.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Finally, Barclays lifted their target price on Microsoft from $430.00 to $494.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $534.14.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $505.82 on Wednesday. The business’s 50-day moving average price is $473.43 and its two-hundred day moving average price is $426.73. 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 Corporation has a one year low of $344.79 and a one year high of $508.30. The company has a market capitalization 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.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The firm had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter in the previous year, the company posted $2.94 earnings per share. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. Analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared 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. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.66%. Microsoft’s dividend payout ratio is currently 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.