Microsoft Co. (NASDAQ:MSFT) is CMH Wealth Management LLC’s Largest Position

CMH Wealth Management LLC lessened its position in shares of Microsoft Co. (NASDAQ:MSFT) by 4.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 66,210 shares of the software giant’s stock after selling 3,398 shares during the quarter. Microsoft comprises 7.1% of CMH Wealth Management LLC’s investment portfolio, making the stock its biggest holding. CMH Wealth Management LLC’s holdings in Microsoft were worth $27,856,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Microsoft by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock worth $250,032,357,000 after buying an additional 15,701,937 shares during the last quarter. FMR LLC lifted its position in Microsoft by 2.7% during the 3rd quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock worth $68,162,263,000 after acquiring an additional 5,762,902 shares during the period. Norges Bank purchased a new position in shares of Microsoft in the 4th quarter valued at approximately $35,920,047,000. Barclays PLC increased its holdings in shares of Microsoft by 9.3% in the third quarter. Barclays PLC now owns 28,987,007 shares of the software giant’s stock valued at $9,152,647,000 after purchasing an additional 2,456,190 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in shares of Microsoft during the fourth quarter worth approximately $9,625,201,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MSFT. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research report on Friday, May 24th. Oppenheimer boosted their price target on shares of Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, June 7th. Piper Sandler restated an “overweight” rating and issued a $465.00 price objective (up previously from $455.00) on shares of Microsoft in a research report on Friday, April 26th. Tigress Financial boosted their target price on Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Finally, DA Davidson reissued a “buy” rating and set a $500.00 target price on shares of Microsoft in a research note on Friday, March 15th. Three research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company. According to MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $467.12.

Microsoft Price Performance

MSFT stock opened at $446.95 on Friday. The stock has a market capitalization of $3.32 trillion, a price-to-earnings ratio of 38.70, a price-to-earnings-growth ratio of 2.39 and a beta of 0.89. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. Microsoft Co. has a 52-week low of $309.45 and a 52-week high of $456.17. The stock’s fifty day simple moving average is $424.11 and its 200-day simple moving average is $409.90.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The firm had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. During the same period last year, the company earned $2.45 EPS. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. Equities research analysts expect that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Announces Dividend

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

Insiders Place Their Bets

In other news, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was 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 directly owns 47,011 shares in the company, valued at approximately $19,534,480.83. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction 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 owns 47,011 shares in the company, valued at $19,534,480.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was 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 owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The disclosure for this sale can be found here. Insiders have sold a total of 25,566 shares of company stock valued at $10,877,535 over the last quarter. Company insiders own 0.03% of the company’s stock.

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.