Carlton Hofferkamp & Jenks Wealth Management LLC Buys 366 Shares of Microsoft Corporation (NASDAQ:MSFT)

Carlton Hofferkamp & Jenks Wealth Management LLC increased its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 7.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,040 shares of the software giant’s stock after buying an additional 366 shares during the quarter. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Microsoft were worth $1,873,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ball & Co Wealth Management Inc. bought a new position in Microsoft in the 4th quarter valued at $31,000. Fiduciary Advisors Inc. bought a new position in Microsoft in the 4th quarter valued at $38,000. LSV Asset Management bought a new position in Microsoft in the 4th quarter valued at $44,000. IFS Advisors LLC grew its stake in Microsoft by 50.0% in the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock valued at $57,000 after purchasing an additional 50 shares during the period. Finally, Fairway Wealth LLC bought a new position in shares of Microsoft during the 4th quarter worth $62,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other news, 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 transaction of $1,389,000.00. Following the transaction, the executive vice president directly owned 43,930 shares of the company’s stock, valued at approximately $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of the business’s stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $458.18, for a total value of $7,330,880.00. Following the transaction, the executive vice president directly owned 98,010 shares in the company, valued at $44,906,221.80. This trade represents a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock worth $60,224,683 over the last quarter. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MSFT shares. Jefferies Financial Group increased their price target on Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Needham & Company LLC reiterated a “buy” rating on shares of Microsoft in a research note on Thursday, May 1st. BMO Capital Markets increased their price target on Microsoft from $485.00 to $550.00 and gave the stock an “outperform” rating in a research note on Thursday, July 10th. Barclays increased their price target on Microsoft from $430.00 to $494.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Finally, Mizuho increased their price objective on Microsoft from $500.00 to $540.00 and gave the stock an “outperform” rating in a report on Wednesday, July 16th. Four 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.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $541.79.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $510.05 on Monday. The stock has a market cap of $3.79 trillion, a price-to-earnings ratio of 39.42, a P/E/G ratio of 2.32 and a beta of 1.04. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $514.64. The stock’s 50-day moving average is $477.78 and its 200 day moving average is $428.61.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share 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 company had revenue of $70.07 billion for the quarter, compared to analysts’ expectations of $68.54 billion. During the same period last year, the firm posted $2.94 EPS. Microsoft’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business 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 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 25.66%.

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.