Market Street Wealth Management Advisors LLC Has $1.37 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Market Street Wealth Management Advisors LLC lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,245 shares of the software giant’s stock after selling 27 shares during the period. Market Street Wealth Management Advisors LLC’s holdings in Microsoft were worth $1,365,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Friedenthal Financial bought a new stake in Microsoft during the 4th quarter worth approximately $45,000. Neo Ivy Capital Management acquired a new position in Microsoft in the fourth quarter worth $58,000. PayPay Securities Corp grew its holdings in shares of Microsoft by 23.7% during the fourth 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 last quarter. Cooksen Wealth LLC acquired a new stake in shares of Microsoft in the fourth quarter valued at $86,000. Finally, Kathleen S. Wright Associates Inc. raised its holdings in shares of Microsoft by 160.7% in the fourth quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock valued at $87,000 after buying an additional 143 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Down 1.3 %

MSFT stock opened at $446.95 on Friday. The business has a 50-day moving average of $424.11 and a 200-day moving average of $409.66. Microsoft Co. has a fifty-two week low of $309.45 and a fifty-two week high of $456.17. The stock has a market capitalization of $3.32 trillion, a P/E ratio of 38.70, a P/E/G ratio of 2.39 and a beta of 0.89. 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 issued its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.13. The company had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The business’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period last year, the business earned $2.45 EPS. On average, sell-side analysts anticipate that Microsoft Co. will post 11.77 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed 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. This represents a $3.00 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s payout ratio is 25.97%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on MSFT shares. Truist Financial restated a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research report on Monday, June 17th. JPMorgan Chase & Co. raised their price target on shares of Microsoft from $440.00 to $470.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Sanford C. Bernstein upped their price objective on Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. New Street Research began coverage on Microsoft in a research report on Monday, June 10th. They issued a “buy” rating and a $570.00 price objective on the stock. Finally, Morgan Stanley boosted their target price on Microsoft from $465.00 to $520.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Three 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, Microsoft presently has an average rating of “Moderate Buy” and an average price target of $467.12.

Insider Activity at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was 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 in the company, valued at $19,534,480.83. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Takeshi Numoto sold 244 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the transaction, the chief marketing officer now directly owns 47,011 shares in the company, valued at approximately $19,534,480.83. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,566 shares of company stock valued at $10,877,535. 0.03% of the stock is owned by 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.