Leo Wealth LLC Invests $13.14 Million in Microsoft Co. (NASDAQ:MSFT)

Leo Wealth LLC acquired a new stake in shares of Microsoft Co. (NASDAQ:MSFT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,585 shares of the software giant’s stock, valued at approximately $13,139,000. Microsoft comprises 1.4% of Leo Wealth LLC’s portfolio, making the stock its 13th biggest holding.

Other institutional investors also recently bought and sold shares of the company. Friedenthal Financial purchased a new position in shares of Microsoft during the 4th quarter worth $45,000. Neo Ivy Capital Management purchased a new position in Microsoft during the fourth quarter valued at $58,000. PayPay Securities Corp increased its position in Microsoft by 23.7% in the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after buying an additional 36 shares in the last quarter. Authentikos Wealth Advisory LLC bought a new position in shares of Microsoft in the third quarter worth about $87,000. Finally, Kathleen S. Wright Associates Inc. increased its holdings in Microsoft by 160.7% in the 4th quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock worth $87,000 after acquiring an additional 143 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Insider Activity at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $415.53, for a total value of $101,389.32. Following the completion of the transaction, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The sale was disclosed in a filing with the SEC, which is available at this link. In other Microsoft news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the transaction, the executive vice president now owns 104,949 shares in the company, valued at $44,674,690.32. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Takeshi Numoto sold 244 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the completion of the sale, the chief marketing officer now owns 47,011 shares in the company, valued at $19,534,480.83. The disclosure for this sale can be found here. Insiders sold 25,566 shares of company stock worth $10,877,535 over the last 90 days. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Up 1.3 %

Shares of Microsoft stock opened at $448.37 on Tuesday. Microsoft Co. has a one year low of $309.45 and a one year high of $450.94. The company has a market cap of $3.33 trillion, a P/E ratio of 38.82, a PEG ratio of 2.34 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. The firm has a fifty day moving average of $418.19 and a two-hundred day moving average of $405.31.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate 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 prior year, the company posted $2.45 earnings per share. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. On average, analysts forecast that Microsoft Co. will post 11.77 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be issued a $0.75 dividend. The ex-dividend date is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.67%. Microsoft’s dividend payout ratio is presently 25.97%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Sanford C. Bernstein raised their target price on shares of Microsoft from $465.00 to $489.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research report on Friday, May 24th. Oppenheimer increased their target price on Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, June 7th. Wedbush reaffirmed an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research note on Wednesday, May 22nd. Finally, Piper Sandler reissued an “overweight” rating and set a $465.00 price objective (up from $455.00) on shares of Microsoft in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $465.83.

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.