TFC Financial Management Inc. Boosts Holdings in Microsoft Co. (NASDAQ:MSFT)

TFC Financial Management Inc. increased its holdings in Microsoft Co. (NASDAQ:MSFT) by 7.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,852 shares of the software giant’s stock after purchasing an additional 972 shares during the period. Microsoft accounts for 1.1% of TFC Financial Management Inc.’s holdings, making the stock its 12th biggest holding. TFC Financial Management Inc.’s holdings in Microsoft were worth $5,585,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Iron Horse Wealth Management LLC raised its holdings 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 in the last quarter. Authentikos Wealth Advisory LLC purchased a new stake in shares of Microsoft during the 3rd quarter worth approximately $87,000. Family CFO Inc raised its holdings in shares of Microsoft by 13.6% during the 3rd quarter. Family CFO Inc now owns 359 shares of the software giant’s stock worth $113,000 after acquiring an additional 43 shares in the last quarter. Cordant Inc. raised its holdings in 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 buying an additional 298 shares during the period. Finally, Life Planning Partners Inc purchased a new stake in Microsoft during the 4th quarter valued at $146,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Trading Up 1.4 %

Shares of NASDAQ MSFT opened at $394.94 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. The stock has a market capitalization of $2.94 trillion, a P/E ratio of 34.19, a price-to-earnings-growth ratio of 2.13 and a beta of 0.89. Microsoft Co. has a 1-year low of $303.40 and a 1-year high of $430.82. The business has a fifty day moving average price of $414.03 and a 200 day moving average price of $389.48.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data 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. The firm had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.45 EPS. Equities research analysts expect that Microsoft Co. will post 11.75 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed 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. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is currently 25.97%.

Insider Buying and Selling

In other Microsoft 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 value of $1,341,414.36. Following the completion of the sale, the insider now directly owns 570,826 shares in the company, valued at $231,823,855.12. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Microsoft 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 value of $1,341,414.36. Following the completion of the sale, the insider now directly owns 570,826 shares in the company, valued at $231,823,855.12. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the 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 owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The disclosure for this sale can be found here. Insiders sold 1,070,258 shares of company stock worth $30,690,456 in the last three months. 0.03% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Raymond James restated an “outperform” rating and set a $480.00 price target (up previously from $450.00) on shares of Microsoft in a report on Friday, April 26th. BNP Paribas upgraded Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price target on the stock in a report on Thursday, January 18th. Truist Financial restated a “buy” rating and set a $600.00 price target on shares of Microsoft in a report on Monday, March 25th. Stifel Nicolaus restated a “buy” rating and set a $455.00 price target on shares of Microsoft in a report on Monday, April 22nd. Finally, Royal Bank of Canada increased their price target on Microsoft from $415.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Three investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and an average target price of $452.61.

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.