BLVD Private Wealth LLC Makes New $1.57 Million Investment in Microsoft Corporation $MSFT

BLVD Private Wealth LLC bought a new stake in Microsoft Corporation (NASDAQ:MSFT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,150 shares of the software giant’s stock, valued at approximately $1,567,000. Microsoft makes up about 1.5% of BLVD Private Wealth LLC’s portfolio, making the stock its 18th largest holding.

Other large investors have also recently added to or reduced their stakes in the company. WFA Asset Management Corp raised 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 purchasing an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. boosted its position 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 last quarter. Discipline Wealth Solutions LLC grew its stake in Microsoft by 410.4% in the 3rd 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. raised its holdings in Microsoft by 1.2% in the 4th quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant’s stock valued at $1,000,000 after acquiring an additional 28 shares during the last quarter. Finally, Eagle Capital Management LLC lifted its stake in shares of Microsoft by 0.4% during the 4th quarter. Eagle Capital Management LLC now owns 23,097 shares of the software giant’s stock worth $9,735,000 after purchasing an additional 96 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 38,500 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $518.64, for a total transaction of $19,967,640.00. Following the transaction, the insider directly owned 461,597 shares of the company’s stock, valued at approximately $239,402,668.08. The trade was a 7.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Takeshi Numoto sold 2,850 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $478.72, for a total transaction of $1,364,352.00. Following the completion of the sale, the executive vice president directly owned 55,782 shares of the company’s stock, valued at approximately $26,703,959.04. This represents a 4.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 54,100 shares of company stock worth $27,598,872 over the last quarter. Corporate insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of Microsoft stock opened at $474.82 on Tuesday. The company’s fifty day simple moving average is $502.98 and its two-hundred day simple moving average is $502.77. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $555.45. The firm has a market cap of $3.53 trillion, a PE ratio of 33.77, a price-to-earnings-growth ratio of 1.79 and a beta of 1.07. The company has a quick ratio of 1.39, a current ratio of 1.40 and a debt-to-equity ratio of 0.10.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 29th. The software giant reported $4.13 earnings per share for the quarter, topping analysts’ consensus estimates of $3.65 by $0.48. Microsoft had a net margin of 35.71% and a return on equity of 32.45%. The company had revenue of $77.67 billion during the quarter, compared to analyst estimates of $75.49 billion. During the same period in the prior year, the business posted $3.30 earnings per share. Microsoft’s revenue for the quarter was up 18.4% on a year-over-year basis. As a group, equities analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, February 19th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $3.64 dividend on an annualized basis and a yield of 0.8%. Microsoft’s dividend payout ratio (DPR) is presently 25.89%.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several analyst reports. BMO Capital Markets dropped their target price on Microsoft from $650.00 to $625.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. KeyCorp reaffirmed an “overweight” rating on shares of Microsoft in a research note on Thursday, October 30th. Barclays restated an “overweight” rating and issued a $625.00 target price on shares of Microsoft in a report on Friday, August 29th. Cowen reaffirmed a “buy” rating on shares of Microsoft in a research note on Friday, October 24th. Finally, Truist Financial boosted their price objective on shares of Microsoft from $650.00 to $675.00 and gave the company a “buy” rating in a research note on Monday, August 18th. Two analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $631.03.

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.