Morey & Quinn Wealth Partners LLC Purchases 145 Shares of Microsoft Corporation (NASDAQ:MSFT)

Morey & Quinn Wealth Partners LLC raised its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,304 shares of the software giant’s stock after purchasing an additional 145 shares during the quarter. Microsoft accounts for 2.6% of Morey & Quinn Wealth Partners LLC’s investment portfolio, making the stock its 7th biggest holding. Morey & Quinn Wealth Partners LLC’s holdings in Microsoft were worth $3,117,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Ball & Co Wealth Management Inc. bought a new position in Microsoft during the fourth quarter valued at about $31,000. Fiduciary Advisors Inc. bought a new position in Microsoft during the fourth quarter valued at about $38,000. LSV Asset Management bought a new position in Microsoft during the fourth quarter valued at about $44,000. IFS Advisors LLC increased its stake in Microsoft by 50.0% during the first quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock valued at $57,000 after acquiring an additional 50 shares during the period. Finally, Fairway Wealth LLC bought a new position in Microsoft during the fourth quarter valued at about $62,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Price Performance

Shares of Microsoft stock opened at $510.05 on Friday. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $514.64. The stock has a market capitalization of $3.79 trillion, a price-to-earnings ratio of 39.42, a price-to-earnings-growth ratio of 2.33 and a beta of 1.04. The company has a fifty day moving average of $477.78 and a 200-day moving average of $428.49. 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 data 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. The company had revenue of $70.07 billion during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company earned $2.94 EPS. Equities research analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

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 dividend of $0.83 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.65%. Microsoft’s payout ratio is currently 25.66%.

Insider Buying and Selling at Microsoft

In other Microsoft 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 value 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 approximately $61,208,127.76. This represents a 13.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Amy Coleman sold 13,243 shares of the company’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the completion of the transaction, the executive vice president owned 43,100 shares of the company’s stock, valued at $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock worth $60,224,683 over the last ninety days. 0.03% of the stock is owned by company insiders.

Analysts Set New Price Targets

MSFT has been the topic of several research reports. Guggenheim restated a “neutral” rating on shares of Microsoft in a research note on Thursday, May 1st. Mizuho raised their price target on shares of Microsoft from $500.00 to $540.00 and gave the stock an “outperform” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their price target on shares of Microsoft from $465.00 to $475.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. UBS Group restated a “positive” rating on shares of Microsoft in a research note on Monday, June 30th. Finally, The Goldman Sachs Group boosted their target price on Microsoft from $480.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, May 21st. Four analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $541.79.

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.