Reitz Capital Advisors LLC Purchases 180 Shares of Microsoft Co. (NASDAQ:MSFT)

Reitz Capital Advisors LLC increased its position in Microsoft Co. (NASDAQ:MSFT) by 12.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,658 shares of the software giant’s stock after buying an additional 180 shares during the quarter. Microsoft accounts for 1.1% of Reitz Capital Advisors LLC’s portfolio, making the stock its 14th largest position. Reitz Capital Advisors LLC’s holdings in Microsoft were worth $623,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Tandem Wealth Advisors LLC lifted its position in Microsoft by 21.5% in the 4th quarter. Tandem Wealth Advisors LLC now owns 2,731 shares of the software giant’s stock worth $1,027,000 after buying an additional 483 shares during the last quarter. Cresta Advisors Ltd. lifted its position in Microsoft by 111.1% in the 4th quarter. Cresta Advisors Ltd. now owns 2,966 shares of the software giant’s stock worth $1,115,000 after buying an additional 1,561 shares during the last quarter. Waterway Wealth Management LLC bought a new stake in Microsoft in the 4th quarter worth approximately $1,439,000. jvl associates llc increased its stake in Microsoft by 10.0% in the 4th quarter. jvl associates llc now owns 3,051 shares of the software giant’s stock worth $1,147,000 after purchasing an additional 278 shares during the period. Finally, Kozak & Associates Inc. increased its stake in Microsoft by 3.8% in the 4th quarter. Kozak & Associates Inc. now owns 54,407 shares of the software giant’s stock worth $21,233,000 after purchasing an additional 1,992 shares during the period. Institutional investors own 71.13% of the company’s stock.

Insiders Place Their Bets

In related news, insider Bradford L. Smith sold 3,303 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the completion of the sale, the insider now owns 570,826 shares in the company, valued at $231,823,855.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Bradford L. Smith sold 45,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the completion of the transaction, the insider now directly owns 574,129 shares of the company’s stock, valued at $236,414,839.62. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Bradford L. Smith sold 3,303 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $406.12, for a total value of $1,341,414.36. Following the transaction, the insider now directly owns 570,826 shares of the company’s stock, valued at $231,823,855.12. The disclosure for this sale can be found here. Insiders sold a total of 1,070,258 shares of company stock worth $30,690,456 over the last quarter. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MSFT. Truist Financial reaffirmed a “buy” rating and issued a $600.00 price target on shares of Microsoft in a research note on Monday, March 25th. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. KeyCorp began coverage on Microsoft in a research report on Thursday, March 21st. They set an “overweight” rating and a $490.00 price target on the stock. Mizuho lifted their price target on Microsoft from $420.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, December 15th. Finally, Royal Bank of Canada boosted their target price on Microsoft from $415.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Four analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the company’s stock. According to data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average target price of $425.52.

Microsoft Stock Performance

Shares of MSFT opened at $424.59 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. The business has a 50-day simple moving average of $413.62 and a two-hundred day simple moving average of $379.46. The stock has a market cap of $3.15 trillion, a price-to-earnings ratio of 38.39, a PEG ratio of 2.27 and a beta of 0.89. Microsoft Co. has a 52 week low of $275.37 and a 52 week high of $430.82.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Tuesday, January 30th. The software giant reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.76 by $0.17. The business had revenue of $62.02 billion during the quarter, compared to analysts’ expectations of $61.14 billion. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The business’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.32 earnings per share. On average, 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 given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Wednesday, May 15th. Microsoft’s payout ratio is 27.12%.

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.