Microsoft Co. (NASDAQ:MSFT) is Arkfeld Wealth Strategies L.L.C.’s 6th Largest Position

Arkfeld Wealth Strategies L.L.C. increased its stake in Microsoft Co. (NASDAQ:MSFT) by 17.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 18,069 shares of the software giant’s stock after buying an additional 2,705 shares during the quarter. Microsoft accounts for approximately 4.3% of Arkfeld Wealth Strategies L.L.C.’s portfolio, making the stock its 6th largest holding. Arkfeld Wealth Strategies L.L.C.’s holdings in Microsoft were worth $7,648,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Morris Financial Concepts Inc. boosted its stake in Microsoft by 0.9% in the fourth quarter. Morris Financial Concepts Inc. now owns 2,663 shares of the software giant’s stock worth $1,001,000 after buying an additional 25 shares in the last quarter. Innova Wealth Partners lifted its holdings in shares of Microsoft by 0.6% in the 4th quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock worth $1,594,000 after acquiring an additional 25 shares during the last quarter. Arkansas Financial Group Inc. boosted its stake in shares of Microsoft by 1.5% in the 4th quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock valued at $646,000 after purchasing an additional 25 shares in the last quarter. Partnership Wealth Management LLC grew its holdings in shares of Microsoft by 0.4% during the 1st quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock valued at $2,609,000 after purchasing an additional 25 shares during the last quarter. Finally, Sicart Associates LLC raised its position in Microsoft by 2.9% in the 4th quarter. Sicart Associates LLC now owns 926 shares of the software giant’s stock worth $348,000 after purchasing an additional 26 shares during the period. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 2.2 %

Microsoft stock opened at $456.73 on Tuesday. The firm has a market cap of $3.39 trillion, a price-to-earnings ratio of 39.54, a PEG ratio of 2.36 and a beta of 0.89. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $457.37. The stock has a fifty day simple moving average of $424.11 and a two-hundred day simple moving average of $410.15.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, beating 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 business had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. During the same quarter in the prior year, the business earned $2.45 EPS. The business’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 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently announced 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 of this dividend is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.66%. Microsoft’s dividend payout ratio is presently 25.97%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MSFT shares. KeyCorp assumed coverage on Microsoft in a research report on Thursday, March 21st. They set an “overweight” rating and a $490.00 price target on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $455.00 target price on shares of Microsoft in a research note on Monday, April 22nd. DA Davidson reissued a “buy” rating and issued a $500.00 target price on shares of Microsoft in a research note on Friday, March 15th. Evercore ISI upped their price target on Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, Wells Fargo & Company lifted their price objective on Microsoft from $480.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $467.12.

Insider Activity

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 completion of the sale, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction, the executive vice president now owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Takeshi Numoto sold 244 shares of the company’s 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 sale, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at $19,534,480.83. 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. 0.03% of the stock is currently owned by company 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.