Microsoft Co. (NASDAQ:MSFT) Shares Acquired by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC grew its stake in Microsoft Co. (NASDAQ:MSFT) by 1.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 115,829 shares of the software giant’s stock after buying an additional 2,119 shares during the period. Microsoft accounts for 5.0% of KMG Fiduciary Partners LLC’s investment portfolio, making the stock its 2nd largest holding. KMG Fiduciary Partners LLC’s holdings in Microsoft were worth $48,731,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of MSFT. Friedenthal Financial acquired a new stake in Microsoft during the 4th quarter worth $45,000. Neo Ivy Capital Management acquired a new stake in Microsoft during the 4th quarter worth $58,000. PayPay Securities Corp boosted its stake in Microsoft by 23.7% during the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after purchasing an additional 36 shares during the period. Cooksen Wealth LLC acquired a new stake in Microsoft during the 4th quarter worth $86,000. Finally, Authentikos Wealth Advisory LLC acquired a new stake in Microsoft during the 3rd quarter worth $87,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Price Performance

Microsoft stock opened at $449.78 on Monday. Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $450.94. The stock has a market capitalization of $3.34 trillion, a P/E ratio of 38.94, a P/E/G ratio of 2.35 and a beta of 0.89. The firm’s 50-day moving average is $419.96 and its two-hundred day moving average is $407.44. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23.

Microsoft (NASDAQ:MSFT) last released 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 company had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. During the same period last 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 analysts predict that Microsoft Co. will post 11.77 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.75 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.67%. Microsoft’s dividend payout ratio is currently 25.97%.

Insiders Place Their Bets

In other Microsoft news, CMO Takeshi Numoto sold 322 shares of the firm’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $416.60, for a total transaction of $134,145.20. Following the sale, the chief marketing officer now directly owns 47,255 shares of the company’s stock, valued at approximately $19,686,433. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the sale, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Takeshi Numoto sold 322 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $416.60, for a total transaction of $134,145.20. Following the completion of the sale, the chief marketing officer now directly owns 47,255 shares in the company, valued at $19,686,433. The disclosure for this sale can be found here. Insiders have sold 25,566 shares of company stock valued at $10,877,535 in the last ninety days. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of analyst reports. Truist Financial restated a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research report on Monday, June 17th. Oppenheimer upped their price objective on shares of Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, June 7th. Sanford C. Bernstein upped their price objective on shares of Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Morgan Stanley upped their price objective on shares of Microsoft from $465.00 to $520.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Finally, Tigress Financial upped their price objective on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Three research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $467.12.

Microsoft Company 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.