Microsoft Corporation (NASDAQ:MSFT) Shares Bought by Highline Wealth Partners LLC

Highline Wealth Partners LLC lifted its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,044 shares of the software giant’s stock after purchasing an additional 141 shares during the period. Microsoft comprises approximately 2.9% of Highline Wealth Partners LLC’s holdings, making the stock its 8th biggest holding. Highline Wealth Partners LLC’s holdings in Microsoft were worth $8,651,000 as of its most recent SEC filing.

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

Microsoft Price Performance

MSFT opened at $510.05 on Monday. The firm has a market cap of $3.79 trillion, a P/E ratio of 39.42, a PEG ratio of 2.32 and a beta of 1.04. The firm has a 50-day moving average of $477.78 and a 200 day moving average of $428.61. 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 Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $514.64.

Microsoft (NASDAQ:MSFT) last issued its 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 firm 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 quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the business earned $2.94 earnings per share. On average, research analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MSFT shares. Evercore ISI set a $515.00 price objective on shares of Microsoft and gave the company an “outperform” rating in a research report on Wednesday, May 21st. JPMorgan Chase & Co. upped 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. BMO Capital Markets upped their price target on shares of Microsoft from $485.00 to $550.00 and gave the stock an “outperform” rating in a research note on Thursday, July 10th. Citigroup increased their target price on shares of Microsoft from $540.00 to $605.00 and gave the company a “buy” rating in a research note on Wednesday, June 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Microsoft in a research note on Thursday, May 1st. Four analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $541.79.

Insider Buying and Selling

In related news, EVP Judson Althoff sold 16,000 shares of the firm’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 sale, the executive vice president directly owned 98,010 shares of the company’s stock, valued at $44,906,221.80. This trade represents a 14.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the sale, the executive vice president directly owned 134,888 shares in the company, valued at $61,208,127.76. This represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock valued at $60,224,683 in the last three months. Insiders own 0.03% of the company’s stock.

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.