Barnes Dennig Private Wealth Management LLC Takes Position in Microsoft Corporation (NASDAQ:MSFT)

Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Microsoft Corporation (NASDAQ:MSFT) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,067 shares of the software giant’s stock, valued at approximately $1,151,000. Microsoft accounts for approximately 1.7% of Barnes Dennig Private Wealth Management LLC’s investment portfolio, making the stock its 19th largest holding.

A number of other large investors also recently modified their holdings of the business. WFA Asset Management Corp grew its holdings in Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after acquiring an additional 216 shares during the period. Ironwood Wealth Management LLC. grew its holdings in Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after acquiring an additional 38 shares during the period. Discipline Wealth Solutions LLC grew its holdings in Microsoft by 410.4% during the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock worth $1,144,000 after acquiring an additional 2,138 shares during the period. Wealth Group Ltd. grew its holdings in Microsoft by 1.2% during the fourth quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant’s stock worth $1,000,000 after acquiring an additional 28 shares during the period. Finally, Tallon Kerry Patrick acquired a new position in Microsoft during the fourth quarter worth about $1,375,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction dated Wednesday, May 21st. The stock was 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. The trade was a 13.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Takeshi Numoto sold 4,850 shares of Microsoft stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $527.32, for a total value of $2,557,502.00. Following the sale, the executive vice president owned 39,111 shares of the company’s stock, valued at approximately $20,624,012.52. This represents a 11.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,350 shares of company stock worth $21,493,447 in the last three months. 0.03% of the stock is owned by insiders.

Microsoft Stock Up 0.4%

Shares of Microsoft stock opened at $522.48 on Friday. The firm has a market cap of $3.88 trillion, a price-to-earnings ratio of 38.30, a P/E/G ratio of 2.28 and a beta of 1.06. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $555.45. The stock has a 50-day simple moving average of $501.60 and a 200-day simple moving average of $440.51.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.35 by $0.30. The business had revenue of $76.44 billion during the quarter, compared to analyst estimates of $73.79 billion. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The firm’s revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.95 EPS. On average, equities research analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders 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 dividend yield of 0.6%. The ex-dividend date is Thursday, August 21st. Microsoft’s payout ratio is currently 24.34%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MSFT shares. Raymond James Financial lifted their target price on Microsoft from $490.00 to $570.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. TD Cowen lifted their price target on Microsoft from $580.00 to $640.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Needham & Company LLC reissued a “buy” rating on shares of Microsoft in a research note on Thursday, May 1st. Mizuho lifted their price target on Microsoft from $540.00 to $625.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Finally, The Goldman Sachs Group lifted their price target on Microsoft from $480.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday, May 21st. Two analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $609.86.

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.