Penn Davis Mcfarland Inc. Purchases 35 Shares of Microsoft Co. (NASDAQ:MSFT)

Penn Davis Mcfarland Inc. increased its stake in Microsoft Co. (NASDAQ:MSFT) by 1.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,294 shares of the software giant’s stock after purchasing an additional 35 shares during the period. Penn Davis Mcfarland Inc.’s holdings in Microsoft were worth $863,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Monumental Financial Group Inc. bought a new position in Microsoft in the 1st quarter worth approximately $28,000. Atlantic Private Wealth LLC raised its position in Microsoft by 534.5% in the 2nd quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock worth $63,000 after purchasing an additional 155 shares during the last quarter. Hibernia Wealth Partners LLC bought a new position in Microsoft in the 3rd quarter worth approximately $69,000. Iron Horse Wealth Management LLC raised its position in Microsoft by 89.0% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after purchasing an additional 105 shares during the last quarter. Finally, MayTech Global Investments LLC bought a new position in Microsoft in the 4th quarter worth approximately $83,000. Institutional investors own 71.13% of the company’s stock.

Insiders Place Their Bets

In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the transaction, the insider now owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the transaction, the insider now owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the transaction, the executive vice president now owns 159,764 shares in the company, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. Insiders have sold a total of 1,070,258 shares of company stock worth $30,690,456 in the last quarter. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Piper Sandler reiterated an “overweight” rating and set a $455.00 target price on shares of Microsoft in a research report on Thursday, January 25th. DA Davidson reiterated a “buy” rating and set a $500.00 target price on shares of Microsoft in a research report on Friday, March 15th. Jefferies Financial Group upped their target price on shares of Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Finally, Royal Bank of Canada upped their target price on shares of Microsoft from $415.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $430.52.

Microsoft Stock Down 2.0 %

Microsoft stock opened at $413.64 on Tuesday. The stock has a market cap of $3.07 trillion, a P/E ratio of 37.40, a P/E/G ratio of 2.25 and a beta of 0.89. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. Microsoft Co. has a twelve month low of $275.37 and a twelve month high of $430.82. The company’s 50-day moving average price is $415.35 and its two-hundred day moving average price is $383.26.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.76 by $0.17. The firm had revenue of $62.02 billion for the quarter, compared to analysts’ expectations of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The business’s revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.32 EPS. As a group, analysts expect that Microsoft Co. will post 11.61 EPS for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be issued a $0.75 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 annualized dividend and a yield of 0.73%. Microsoft’s dividend payout ratio is currently 27.12%.

Microsoft Company 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.