GoalFusion Wealth Management LLC Has $905,000 Stock Position in Microsoft Co. (NASDAQ:MSFT)

GoalFusion Wealth Management LLC trimmed its position in Microsoft Co. (NASDAQ:MSFT) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,148 shares of the software giant’s stock after selling 55 shares during the quarter. Microsoft comprises approximately 0.5% of GoalFusion Wealth Management LLC’s holdings, making the stock its 14th largest position. GoalFusion Wealth Management LLC’s holdings in Microsoft were worth $905,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. WFA Asset Management Corp increased its position in Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after acquiring an additional 216 shares during the period. Ironwood Wealth Management LLC. increased its position in Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after acquiring an additional 38 shares during the period. Quilter Plc increased its position in Microsoft by 1.6% during the second quarter. Quilter Plc now owns 939,099 shares of the software giant’s stock worth $419,730,000 after acquiring an additional 14,542 shares during the period. Fairfield Financial Advisors LTD bought a new position in Microsoft during the second quarter worth $8,712,000. Finally, Abound Wealth Management increased its position in Microsoft by 0.6% during the second quarter. Abound Wealth Management now owns 5,648 shares of the software giant’s stock worth $2,524,000 after acquiring an additional 35 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MSFT. UBS Group dropped their target price on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Wedbush reissued an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a report on Tuesday, November 19th. Cantor Fitzgerald reissued an “overweight” rating and issued a $509.00 target price on shares of Microsoft in a research note on Wednesday, January 29th. Piper Sandler reissued an “overweight” rating and issued a $520.00 target price on shares of Microsoft in a research note on Monday, January 27th. Finally, Loop Capital lifted their price objective on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Four investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $510.96.

Insider Activity

In related news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the sale, the chief marketing officer now owns 49,352 shares of the company’s stock, valued at $22,080,578.32. This represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have sold 7,000 shares of company stock valued at $3,070,340. 0.03% of the stock is owned by insiders.

Microsoft Price Performance

NASDAQ:MSFT opened at $397.12 on Friday. Microsoft Co. has a 12-month low of $385.58 and a 12-month high of $468.35. The stock’s 50 day moving average price is $420.68 and its two-hundred day moving average price is $422.73. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $2.95 trillion, a price-to-earnings ratio of 31.97, a P/E/G ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last posted its earnings results 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 return on equity of 33.36% and a net margin of 35.43%. During the same period in the prior year, the business earned $2.93 EPS. On average, analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Thursday, February 20th. Microsoft’s payout ratio is 26.73%.

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.