5,832 Shares in Microsoft Co. (NASDAQ:MSFT) Purchased by Johnson & White Wealth Management LLC

Johnson & White Wealth Management LLC acquired a new position in shares of Microsoft Co. (NASDAQ:MSFT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,832 shares of the software giant’s stock, valued at approximately $2,441,000. Microsoft comprises about 1.5% of Johnson & White Wealth Management LLC’s investment portfolio, making the stock its 19th largest holding.

Several other large investors have also made changes to their positions in the business. Christopher J. Hasenberg Inc grew its stake in shares of Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after purchasing an additional 25 shares during the period. Quarry LP bought a new stake in Microsoft during the 2nd quarter worth approximately $45,000. Avondale Wealth Management grew its position in Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after acquiring an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new stake in Microsoft during the 3rd quarter worth approximately $62,000. Finally, Kieckhefer Group LLC bought a new stake in Microsoft during the 4th quarter worth approximately $141,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. TD Cowen decreased their price target on Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. JPMorgan Chase & Co. reduced their price objective on Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Piper Sandler reaffirmed an “overweight” rating and set a $520.00 price objective on shares of Microsoft in a report on Monday, January 27th. Wedbush reaffirmed an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a report on Tuesday, November 19th. Finally, Loop Capital upped their price objective on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Three research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $510.96.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $408.25 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The firm has a fifty day moving average price of $425.20 and a 200 day moving average price of $422.88. Microsoft Co. has a fifty-two week low of $385.58 and a fifty-two week high of $468.35. The firm has a market cap of $3.03 trillion, a price-to-earnings ratio of 32.87, a P/E/G ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter last year, the company earned $2.93 earnings per share. As a group, sell-side analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio is presently 26.73%.

Insider Buying and Selling

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the transaction, the chief marketing officer now owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. This trade represents a 4.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 8,000 shares of company stock valued at $3,493,820 in the last 90 days. 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.