Relyea Zuckerberg Hanson LLC Acquires 1,917 Shares of Microsoft Corporation $MSFT

Relyea Zuckerberg Hanson LLC lifted its position in Microsoft Corporation (NASDAQ:MSFT) by 3.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,441 shares of the software giant’s stock after buying an additional 1,917 shares during the quarter. Microsoft comprises 3.2% of Relyea Zuckerberg Hanson LLC’s investment portfolio, making the stock its 6th largest holding. Relyea Zuckerberg Hanson LLC’s holdings in Microsoft were worth $27,577,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MSFT. Kingstone Capital Partners Texas LLC grew its stake in shares of Microsoft by 564,387.1% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 90,549,369 shares of the software giant’s stock valued at $45,040,162,000 after buying an additional 90,533,328 shares in the last quarter. Nuveen LLC bought a new stake in shares of Microsoft in the 1st quarter valued at approximately $18,733,827,000. Northern Trust Corp grew its stake in shares of Microsoft by 16.1% in the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant’s stock valued at $35,316,535,000 after buying an additional 11,600,470 shares in the last quarter. Vanguard Group Inc. boosted its position in Microsoft by 1.1% during the first quarter. Vanguard Group Inc. now owns 691,386,214 shares of the software giant’s stock worth $259,539,471,000 after purchasing an additional 7,314,509 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Microsoft by 14.1% during the first quarter. Goldman Sachs Group Inc. now owns 49,338,953 shares of the software giant’s stock worth $18,521,349,000 after purchasing an additional 6,101,005 shares during the period. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $542.07 on Wednesday. The business has a fifty day simple moving average of $512.46 and a 200 day simple moving average of $484.58. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $4.03 trillion, a price-to-earnings ratio of 39.74, a PEG ratio of 2.31 and a beta of 1.03. Microsoft Corporation has a one year low of $344.79 and a one year high of $555.45.

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

Microsoft Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be paid a dividend of $0.91 per share. This is an increase from Microsoft’s previous quarterly dividend of $0.83. This represents a $3.64 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, November 20th. Microsoft’s dividend payout ratio is currently 24.34%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MSFT. Royal Bank Of Canada reaffirmed a “buy” rating and set a $640.00 target price on shares of Microsoft in a research report on Friday, October 3rd. Barclays reaffirmed an “overweight” rating and set a $625.00 target price on shares of Microsoft in a research report on Friday, August 29th. KeyCorp raised Microsoft from a “sector weight” rating to an “overweight” rating and set a $630.00 target price for the company in a research report on Thursday, July 31st. UBS Group reaffirmed a “buy” rating on shares of Microsoft in a research report on Wednesday, October 22nd. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Microsoft in a research report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $626.58.

Insider Buying and Selling at Microsoft

In other news, CEO Satya Nadella sold 149,205 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $504.78, for a total transaction of $75,315,699.90. Following the sale, the chief executive officer owned 790,852 shares in the company, valued at approximately $399,206,272.56. This represents a 15.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Takeshi Numoto sold 4,850 shares of the stock in a transaction on Tuesday, August 12th. The stock was 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 in the company, valued at $20,624,012.52. The trade was a 11.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.03% of the company’s stock.

Microsoft 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.