Microsoft Corporation (NASDAQ:MSFT) is Brown Miller Wealth Management LLC’s 3rd Largest Position

Brown Miller Wealth Management LLC grew its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 5.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,468 shares of the software giant’s stock after purchasing an additional 2,229 shares during the quarter. Microsoft makes up 5.3% of Brown Miller Wealth Management LLC’s investment portfolio, making the stock its 3rd largest holding. Brown Miller Wealth Management LLC’s holdings in Microsoft were worth $15,191,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in MSFT. Adamsbrown Wealth Consultants LLC increased its holdings in Microsoft by 2.2% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock worth $2,515,000 after acquiring an additional 130 shares during the last quarter. Mcdaniel Terry & Co. increased its holdings in Microsoft by 6.1% in the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock worth $133,023,000 after acquiring an additional 18,052 shares during the last quarter. 1900 Wealth Management LLC increased its holdings in Microsoft by 3.0% in the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant’s stock worth $4,274,000 after acquiring an additional 294 shares during the last quarter. Strategic Financial Services Inc. increased its holdings in Microsoft by 7.8% in the 4th quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant’s stock worth $7,345,000 after acquiring an additional 1,268 shares during the last quarter. Finally, Elevate Wealth Advisory Inc. increased its holdings in Microsoft by 147.9% in the 4th quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant’s stock worth $737,000 after acquiring an additional 1,043 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MSFT shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $525.00 price target on shares of Microsoft in a research report on Friday, May 23rd. Raymond James Financial increased their price objective on Microsoft from $480.00 to $490.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. JPMorgan Chase & Co. increased their price objective on Microsoft from $465.00 to $475.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. BMO Capital Markets lifted their price objective on Microsoft from $485.00 to $550.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. Finally, Oppenheimer raised Microsoft from a “market perform” rating to an “outperform” rating and set a $600.00 price objective on the stock in a research report on Wednesday, July 9th. Four research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $541.79.

Insider Buying and Selling

In related news, 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 completion of the sale, the insider directly owned 476,999 shares in the company, valued at $207,995,413.95. This represents a 13.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Takeshi Numoto sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the completion of the sale, the executive vice president 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 disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock valued at $60,224,683 over the last ninety days. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Shares of Microsoft stock opened at $510.05 on Monday. The stock’s fifty day moving average is $477.78 and its two-hundred day moving average is $428.61. The company has a market capitalization of $3.79 trillion, a PE ratio of 39.42, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $514.64.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $68.54 billion. During the same quarter in the prior year, the company posted $2.94 EPS. Microsoft’s quarterly revenue was up 13.3% on a year-over-year basis. As a group, analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

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

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.