Cabot Wealth Management Inc. Purchases 35 Shares of Microsoft Corporation (NASDAQ:MSFT)

Cabot Wealth Management Inc. raised its stake in Microsoft Corporation (NASDAQ:MSFT) by 0.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,520 shares of the software giant’s stock after purchasing an additional 35 shares during the quarter. Cabot Wealth Management Inc.’s holdings in Microsoft were worth $5,075,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MSFT. Advocate Group LLC lifted its holdings in Microsoft by 1.0% during the 1st quarter. Advocate Group LLC now owns 25,519 shares of the software giant’s stock worth $9,580,000 after purchasing an additional 253 shares during the last quarter. Elser Financial Planning Inc raised its holdings in shares of Microsoft by 2.4% during the 1st quarter. Elser Financial Planning Inc now owns 4,719 shares of the software giant’s stock worth $1,772,000 after buying an additional 109 shares in the last quarter. Dupont Capital Management Corp increased its holdings in Microsoft by 4.9% in the 1st quarter. Dupont Capital Management Corp now owns 148,681 shares of the software giant’s stock worth $55,813,000 after purchasing an additional 6,961 shares in the last quarter. Rockline Wealth Management LLC grew its stake in shares of Microsoft by 2.1% in the first quarter. Rockline Wealth Management LLC now owns 55,960 shares of the software giant’s stock worth $21,007,000 after purchasing an additional 1,154 shares during the last quarter. Finally, Cottage Street Advisors LLC grew its position in shares of Microsoft by 24.3% in the 1st quarter. Cottage Street Advisors LLC now owns 26,150 shares of the software giant’s stock valued at $9,816,000 after buying an additional 5,118 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Microsoft

In other news, EVP Judson Althoff sold 16,000 shares of the company’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 transaction, the executive vice president owned 98,010 shares of the company’s stock, valued at approximately $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Amy Coleman sold 13,243 shares of the company’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the transaction, the executive vice president directly owned 43,100 shares in the company, valued at approximately $19,481,631. This represents a 23.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 135,743 shares of company stock valued at $60,224,683 over the last ninety days. 0.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Needham & Company LLC reiterated a “buy” rating on shares of Microsoft in a report on Thursday, May 1st. Benchmark reaffirmed a “buy” rating on shares of Microsoft in a report on Thursday, May 1st. Citigroup lifted their price target on Microsoft from $605.00 to $613.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. Westpark Capital restated a “hold” rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $525.00 price objective on shares of Microsoft in a report on Friday, May 23rd. Four research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $555.86.

Microsoft Price Performance

Shares of Microsoft stock opened at $512.50 on Tuesday. The stock’s 50-day simple moving average is $484.59 and its 200-day simple moving average is $432.22. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $518.29. The company has a market capitalization of $3.81 trillion, a price-to-earnings ratio of 39.61, a PEG ratio of 2.33 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 (NASDAQ:MSFT) last issued its 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 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 business’s revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.94 earnings per share. As a group, analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid 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 currently 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.