583 Shares in Microsoft Co. (NASDAQ:MSFT) Bought by Cornerstone Wealth Advisors Inc.

Cornerstone Wealth Advisors Inc. acquired a new position in Microsoft Co. (NASDAQ:MSFT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 583 shares of the software giant’s stock, valued at approximately $219,000.

Other large investors have also recently bought and sold shares of the company. Monumental Financial Group Inc. acquired a new position in Microsoft during the 1st quarter worth $28,000. Atlantic Private Wealth LLC lifted its position in Microsoft by 534.5% during the 2nd quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock worth $63,000 after acquiring an additional 155 shares during the last quarter. Infrastructure Capital Advisors LLC acquired a new position in Microsoft during the 2nd quarter worth $601,000. Hibernia Wealth Partners LLC acquired a new position in Microsoft during the 3rd quarter worth $69,000. Finally, Iron Horse Wealth Management LLC lifted its position in Microsoft by 89.0% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after acquiring an additional 105 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Price Performance

MSFT opened at $411.84 on Thursday. Microsoft Co. has a one year low of $275.37 and a one year high of $430.82. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 1.20. The company’s 50 day simple moving average is $415.48 and its 200-day simple moving average is $384.15. The stock has a market capitalization of $3.06 trillion, a P/E ratio of 37.24, a price-to-earnings-growth ratio of 2.20 and a beta of 0.89.

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

Microsoft Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MSFT shares. UBS Group reaffirmed a “buy” rating and set a $480.00 price objective on shares of Microsoft in a research report on Wednesday, April 10th. Wells Fargo & Company upped their price objective on shares of Microsoft from $460.00 to $480.00 and gave the company an “overweight” rating in a research report on Wednesday. Raymond James upped their price objective on shares of Microsoft from $400.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Finally, Jefferies Financial Group upped their price objective 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. Four research analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the company. Based on data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and an average price target of $431.03.

Insider Buying and Selling at Microsoft

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

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.