Microsoft Corporation (NASDAQ:MSFT) is Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ 7th Largest Position

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in Microsoft Corporation (NASDAQ:MSFT) by 0.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,076 shares of the software giant’s stock after purchasing an additional 98 shares during the period. Microsoft comprises 2.1% of Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ portfolio, making the stock its 7th largest holding. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Microsoft were worth $14,044,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WFA Asset Management Corp increased its position in Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after purchasing an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. boosted its holdings in Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after acquiring an additional 38 shares during the period. Discipline Wealth Solutions LLC grew its position in Microsoft by 410.4% in the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock valued at $1,144,000 after acquiring an additional 2,138 shares during the last quarter. Wealth Group Ltd. lifted its holdings in Microsoft by 1.2% during the 4th quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant’s stock valued at $1,000,000 after buying an additional 28 shares in the last quarter. Finally, Tallon Kerry Patrick bought a new stake in Microsoft during the 4th quarter valued at about $1,375,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Trading Up 0.6%

Shares of Microsoft stock opened at $513.71 on Friday. The company has a fifty day simple moving average of $483.52 and a 200-day simple moving average of $431.47. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $518.29. 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 market cap of $3.82 trillion, a price-to-earnings ratio of 39.70, a PEG ratio of 2.32 and a beta of 1.04.

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

Microsoft Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.65%. Microsoft’s payout ratio is currently 25.66%.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on Microsoft from $465.00 to $475.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Benchmark reissued a “buy” rating on shares of Microsoft in a report on Thursday, May 1st. Wedbush reaffirmed an “outperform” rating and set a $600.00 price objective on shares of Microsoft in a report on Friday. Oppenheimer raised Microsoft from a “market perform” rating to an “outperform” rating and set a $600.00 price target for the company in a report on Wednesday, July 9th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Microsoft in a research note on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $551.21.

Insiders Place Their Bets

In other news, EVP Judson Althoff sold 16,000 shares of the business’s stock in a transaction that occurred 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 owned 98,010 shares of the company’s stock, valued at $44,906,221.80. The trade was a 14.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the sale, the executive vice president directly owned 134,888 shares in the company, valued at $61,208,127.76. This trade represents a 13.75% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,743 shares of company stock worth $60,224,683. Insiders own 0.03% of the company’s stock.

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.