Microsoft Co. (NASDAQ:MSFT) Stock Position Cut by RKL Wealth Management LLC

RKL Wealth Management LLC lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,190 shares of the software giant’s stock after selling 1,424 shares during the quarter. Microsoft makes up 2.4% of RKL Wealth Management LLC’s portfolio, making the stock its 8th largest holding. RKL Wealth Management LLC’s holdings in Microsoft were worth $21,882,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Iron Horse Wealth Management LLC boosted its stake in shares of 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. Authentikos Wealth Advisory LLC purchased a new position in shares of Microsoft during the 3rd quarter worth $87,000. Cordant Inc. raised its position in shares of Microsoft by 647.8% during the 4th quarter. Cordant Inc. now owns 344 shares of the software giant’s stock valued at $129,000 after purchasing an additional 298 shares during the period. Family CFO Inc raised its position in shares of Microsoft by 13.6% during the 3rd quarter. Family CFO Inc now owns 359 shares of the software giant’s stock valued at $113,000 after purchasing an additional 43 shares during the period. Finally, Life Planning Partners Inc bought a new stake in shares of Microsoft during the 4th quarter valued at $146,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the completion of the sale, the insider now directly owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the completion of the sale, the insider now directly owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Bradford L. Smith sold 45,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $236,414,839.62. The disclosure for this sale can be found here. Insiders sold a total of 1,070,258 shares of company stock valued at $30,690,456 in the last three months. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MSFT. JPMorgan Chase & Co. raised their price objective on shares of Microsoft from $440.00 to $470.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Piper Sandler restated an “overweight” rating and set a $465.00 price objective (up from $455.00) on shares of Microsoft in a research report on Friday, April 26th. StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. UBS Group restated a “buy” rating and set a $480.00 price objective on shares of Microsoft in a research report on Wednesday, April 10th. Finally, DA Davidson restated a “buy” rating and set a $500.00 price objective on shares of Microsoft in a research report on Friday, March 15th. Three equities research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and an average target price of $452.61.

Microsoft Price Performance

MSFT stock opened at $389.33 on Wednesday. Microsoft Co. has a 12 month low of $303.40 and a 12 month high of $430.82. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average price of $414.18 and a 200 day moving average price of $389.44. The stock has a market cap of $2.89 trillion, a PE ratio of 33.71, a P/E/G ratio of 2.18 and a beta of 0.89.

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

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be paid a dividend of $0.75 per share. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.77%. Microsoft’s dividend payout ratio is presently 25.97%.

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.