Microsoft Corporation (NASDAQ:MSFT) Shares Acquired by CVA Family Office LLC

CVA Family Office LLC lifted its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 2.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,797 shares of the software giant’s stock after purchasing an additional 592 shares during the quarter. Microsoft comprises 1.4% of CVA Family Office LLC’s portfolio, making the stock its 14th largest position. CVA Family Office LLC’s holdings in Microsoft were worth $9,308,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Powers Advisory Group LLC increased its stake in shares of Microsoft by 0.8% during the first quarter. Powers Advisory Group LLC now owns 14,256 shares of the software giant’s stock valued at $5,352,000 after acquiring an additional 116 shares during the period. Krilogy Financial LLC grew its position in Microsoft by 3.6% in the first quarter. Krilogy Financial LLC now owns 51,863 shares of the software giant’s stock worth $19,469,000 after buying an additional 1,794 shares during the last quarter. West Branch Capital LLC grew its position in Microsoft by 2.4% in the first quarter. West Branch Capital LLC now owns 55,674 shares of the software giant’s stock worth $20,899,000 after buying an additional 1,318 shares during the last quarter. CCM Investment Advisers LLC grew its position in Microsoft by 1.8% in the first quarter. CCM Investment Advisers LLC now owns 70,877 shares of the software giant’s stock worth $26,607,000 after buying an additional 1,242 shares during the last quarter. Finally, Defined Wealth Management LLC grew its position in Microsoft by 2.1% in the first quarter. Defined Wealth Management LLC now owns 3,793 shares of the software giant’s stock worth $1,424,000 after buying an additional 77 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on MSFT shares. Raymond James Financial lifted their price target on shares of Microsoft from $480.00 to $490.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Royal Bank Of Canada reiterated an “outperform” rating and set a $525.00 price objective on shares of Microsoft in a research report on Friday, May 23rd. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a research report on Thursday, May 1st. Stifel Nicolaus lifted their price objective on shares of Microsoft from $475.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Finally, Wedbush lifted their price objective on shares of Microsoft from $515.00 to $600.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 25th. Four equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $538.04.

Microsoft Stock Down 0.0%

MSFT stock opened at $505.62 on Thursday. 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 52-week low of $344.79 and a 52-week high of $508.30. The company has a 50-day moving average of $474.88 and a two-hundred day moving average of $427.28. The stock has a market capitalization of $3.76 trillion, a price-to-earnings ratio of 39.07, a price-to-earnings-growth ratio of 2.30 and a beta of 1.04.

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

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors 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 (DPR) is presently 25.66%.

Insider Transactions at Microsoft

In related news, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $436.05, for a total value of $32,703,750.00. Following the completion of the transaction, the insider owned 476,999 shares of the company’s stock, valued at $207,995,413.95. This represents a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Takeshi Numoto sold 3,000 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the completion of the transaction, the executive vice president directly owned 43,930 shares of the company’s stock, valued at $20,339,590. This trade represents a 6.39% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,743 shares of company stock valued at $60,224,683. Corporate insiders own 0.03% of the company’s stock.

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.