Microsoft Corporation (NASDAQ:MSFT) is RWWM Inc.’s 10th Largest Position

RWWM Inc. reduced its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 93,995 shares of the software giant’s stock after selling 297 shares during the period. Microsoft comprises 2.8% of RWWM Inc.’s investment portfolio, making the stock its 10th biggest position. RWWM Inc.’s holdings in Microsoft were worth $35,285,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new position in Microsoft in the 4th quarter valued at approximately $44,343,058,000. GAMMA Investing LLC raised its position in shares of Microsoft by 40,290.4% during the 1st quarter. GAMMA Investing LLC now owns 46,695,303 shares of the software giant’s stock valued at $17,528,950,000 after buying an additional 46,579,693 shares in the last quarter. Proficio Capital Partners LLC raised its position in shares of Microsoft by 34,643.3% during the 4th quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant’s stock valued at $7,096,913,000 after buying an additional 16,788,816 shares in the last quarter. Northern Trust Corp raised its position in shares of Microsoft by 16.1% during the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant’s stock valued at $35,316,535,000 after buying an additional 11,600,470 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Microsoft by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant’s stock worth $288,336,224,000 after purchasing an additional 10,431,988 shares during the period. 71.13% of the stock is owned by institutional investors.

Microsoft Stock Performance

MSFT opened at $510.05 on Friday. The firm has a market cap of $3.79 trillion, a P/E ratio of 39.42, a PEG ratio of 2.33 and a beta of 1.04. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $514.64. The company has a 50 day simple moving average of $477.78 and a two-hundred day simple moving average of $428.49. 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 posted its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.24. The business had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The company’s revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.94 earnings per share. Equities analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company 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 of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.65%. Microsoft’s payout ratio is currently 25.66%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MSFT shares. Jefferies Financial Group lifted their target price on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Evercore ISI set a $515.00 target price on shares of Microsoft and gave the company an “outperform” rating in a research note on Wednesday, May 21st. Royal Bank Of Canada reissued an “outperform” rating and set a $525.00 price objective on shares of Microsoft in a research note on Friday, May 23rd. UBS Group reaffirmed a “positive” rating on shares of Microsoft in a report on Monday, June 30th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $581.00 price target (up previously from $512.00) on shares of Microsoft in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $541.79.

About Microsoft

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.