Fogel Capital Management Inc. Has $26.87 Million Holdings in Microsoft Corporation (NASDAQ:MSFT)

Fogel Capital Management Inc. lifted its position in Microsoft Corporation (NASDAQ:MSFT) by 0.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 71,588 shares of the software giant’s stock after buying an additional 441 shares during the quarter. Microsoft comprises 14.5% of Fogel Capital Management Inc.’s investment portfolio, making the stock its largest holding. Fogel Capital Management Inc.’s holdings in Microsoft were worth $26,873,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Community Trust & Investment Co. lifted its holdings in shares of Microsoft by 0.8% during the first quarter. Community Trust & Investment Co. now owns 237,568 shares of the software giant’s stock worth $89,181,000 after buying an additional 1,807 shares during the last quarter. Stockman Wealth Management Inc. lifted its holdings in shares of Microsoft by 4.3% during the first quarter. Stockman Wealth Management Inc. now owns 52,730 shares of the software giant’s stock worth $19,794,000 after buying an additional 2,153 shares during the last quarter. Claris Advisors LLC MO lifted its holdings in shares of Microsoft by 31.0% during the first quarter. Claris Advisors LLC MO now owns 7,048 shares of the software giant’s stock worth $2,646,000 after buying an additional 1,666 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Microsoft by 4.1% during the first quarter. QRG Capital Management Inc. now owns 1,314,216 shares of the software giant’s stock worth $493,343,000 after buying an additional 52,361 shares during the last quarter. Finally, Avid Wealth Partners LLC lifted its holdings in shares of Microsoft by 34.7% during the first quarter. Avid Wealth Partners LLC now owns 1,999 shares of the software giant’s stock worth $750,000 after buying an additional 515 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MSFT shares. Evercore ISI set a $515.00 target price on Microsoft and gave the company an “outperform” rating in a research note on Wednesday, May 21st. BMO Capital Markets raised their price target on Microsoft from $485.00 to $550.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. Barclays raised their price target on Microsoft from $494.00 to $550.00 and gave the company an “overweight” rating in a report on Monday. KeyCorp reiterated a “sector weight” rating on shares of Microsoft in a report on Thursday, April 17th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $581.00 target price (up previously from $512.00) on shares of Microsoft in a report on Wednesday, July 16th. Four analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and an average target price of $543.79.

Microsoft Trading Up 0.0%

Shares of MSFT stock opened at $510.06 on Tuesday. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $514.64. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. The stock has a 50-day moving average of $477.78 and a 200-day moving average of $428.61. The stock has a market cap of $3.79 trillion, a price-to-earnings ratio of 39.42, a PEG ratio of 2.32 and a beta of 1.04.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.24. The business had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.94 earnings per share. On average, equities research analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

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

Insider Transactions at Microsoft

In related news, EVP Judson Althoff sold 16,000 shares of the business’s stock in a transaction on Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the sale, the executive vice president directly owned 98,010 shares in the company, valued at approximately $44,906,221.80. The trade was a 14.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bradford L. Smith sold 6,000 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the sale, the insider owned 471,036 shares in the company, valued at approximately $204,038,664.12. The trade was a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is currently owned by insiders.

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.