IAG Wealth Partners LLC Has $769,000 Holdings in Microsoft Corporation (NASDAQ:MSFT)

IAG Wealth Partners LLC grew its position in Microsoft Corporation (NASDAQ:MSFT) by 3.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,048 shares of the software giant’s stock after acquiring an additional 66 shares during the period. IAG Wealth Partners LLC’s holdings in Microsoft were worth $769,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Fosun International Ltd raised its stake in shares of Microsoft by 0.3% during the first quarter. Fosun International Ltd now owns 6,633 shares of the software giant’s stock valued at $2,490,000 after purchasing an additional 23 shares in the last quarter. Muirfield Wealth Advisors LLC increased its position in Microsoft by 0.5% in the 4th quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant’s stock worth $1,866,000 after buying an additional 24 shares during the period. Retirement Financial Solutions LLC increased its position in shares of Microsoft by 2.3% during the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant’s stock valued at $443,000 after purchasing an additional 24 shares during the period. Kuhn & Co Investment Counsel grew its position in Microsoft by 0.8% in the fourth quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant’s stock valued at $1,385,000 after acquiring an additional 25 shares during the period. Finally, Alliance Wealth Management Group lifted its stake in shares of Microsoft by 0.4% during the fourth quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant’s stock valued at $2,368,000 after acquiring an additional 25 shares during the period. 71.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on MSFT shares. KeyCorp restated a “sector weight” rating on shares of Microsoft in a report on Thursday, April 17th. BMO Capital Markets boosted their price objective on Microsoft from $485.00 to $550.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Royal Bank Of Canada reissued an “outperform” rating and set a $525.00 price objective on shares of Microsoft in a report on Friday, May 23rd. Wedbush increased their price objective on Microsoft from $515.00 to $600.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 25th. Finally, Guggenheim reissued a “neutral” rating on shares of Microsoft in a research note on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $538.04.

Microsoft Price Performance

MSFT opened at $511.70 on Friday. The stock has a market capitalization of $3.80 trillion, a PE ratio of 39.54, a P/E/G ratio of 2.30 and a beta of 1.04. The company’s 50 day simple moving average is $476.35 and its 200 day simple moving average is $427.88. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $513.37. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results 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 company had revenue of $70.07 billion during 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 company’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.94 earnings per share. As a group, sell-side analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.65%. Microsoft’s dividend payout ratio is 25.66%.

Insider Activity

In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the sale, the executive vice president owned 134,888 shares in the company, valued at approximately $61,208,127.76. The trade was a 13.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Takeshi Numoto sold 3,000 shares of the business’s stock in a transaction that occurred 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 in the company, 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 ninety days, insiders sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is owned by company insiders.

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.