Narwhal Capital Management Has $57.98 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Narwhal Capital Management raised its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,174 shares of the software giant’s stock after acquiring an additional 945 shares during the period. Microsoft comprises approximately 6.3% of Narwhal Capital Management’s investment portfolio, making the stock its 2nd largest holding. Narwhal Capital Management’s holdings in Microsoft were worth $57,975,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of MSFT. Iron Horse Wealth Management LLC boosted its holdings in Microsoft by 89.0% during the third 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. Authentikos Wealth Advisory LLC purchased a new position in shares of Microsoft in the 3rd quarter worth approximately $87,000. Family CFO Inc grew its holdings in shares of Microsoft by 13.6% in the third quarter. Family CFO Inc now owns 359 shares of the software giant’s stock valued at $113,000 after acquiring an additional 43 shares in the last quarter. Cordant Inc. increased its position in shares of Microsoft by 647.8% during the fourth quarter. Cordant Inc. now owns 344 shares of the software giant’s stock valued at $129,000 after acquiring an additional 298 shares during the last quarter. Finally, Life Planning Partners Inc bought a new stake in Microsoft during the fourth quarter worth $146,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Trading Down 1.0 %

Shares of MSFT stock opened at $402.25 on Tuesday. The business has a 50-day moving average price of $414.45 and a two-hundred day moving average price of $389.01. Microsoft Co. has a 12-month low of $303.40 and a 12-month high of $430.82. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. The firm has a market cap of $2.99 trillion, a P/E ratio of 34.83, a price-to-earnings-growth ratio of 2.18 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last released its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The company had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. During the same quarter in the previous year, the company posted $2.45 EPS. Microsoft’s quarterly revenue was up 17.0% compared to the same quarter last year. Equities analysts anticipate that Microsoft Co. will post 11.71 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s dividend payout ratio is currently 25.97%.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of recent analyst reports. Wedbush restated an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Friday. UBS Group reaffirmed a “buy” rating and issued a $480.00 price target on shares of Microsoft in a report on Wednesday, April 10th. Evercore ISI upped their price objective on Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a research note on Friday. JPMorgan Chase & Co. raised their target price on Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Raymond James restated an “outperform” rating and issued a $480.00 target price (up from $450.00) on shares of Microsoft in a research note on Friday. Three research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $452.61.

Insider Buying and Selling

In other news, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Bradford L. Smith sold 45,000 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the completion of the sale, the insider now directly owns 574,129 shares in the company, valued at approximately $236,414,839.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the stock in a transaction 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 sale, the insider now directly owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. 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 90 days. 0.03% of the stock is owned by company 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.