Microsoft Co. (NASDAQ:MSFT) is Miracle Mile Advisors LLC’s 6th Largest Position

Miracle Mile Advisors LLC grew its position in Microsoft Co. (NASDAQ:MSFT) by 20.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 368,878 shares of the software giant’s stock after acquiring an additional 62,854 shares during the quarter. Microsoft comprises about 3.1% of Miracle Mile Advisors LLC’s portfolio, making the stock its 6th largest position. Miracle Mile Advisors LLC’s holdings in Microsoft were worth $155,482,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MSFT. Conrad Siegel Investment Advisors Inc. raised its holdings in shares of Microsoft by 1.2% in the fourth quarter. Conrad Siegel Investment Advisors Inc. now owns 4,136 shares of the software giant’s stock worth $1,743,000 after buying an additional 49 shares during the period. Horizon Wealth Management LLC grew its position in Microsoft by 0.4% in the 4th quarter. Horizon Wealth Management LLC now owns 11,721 shares of the software giant’s stock valued at $4,940,000 after acquiring an additional 47 shares during the last quarter. Sunflower Bank N.A. increased its stake in Microsoft by 1.8% in the fourth quarter. Sunflower Bank N.A. now owns 7,394 shares of the software giant’s stock worth $3,117,000 after purchasing an additional 131 shares during the period. Davis Investment Partners LLC lifted its position in shares of Microsoft by 18.2% during the fourth quarter. Davis Investment Partners LLC now owns 3,170 shares of the software giant’s stock worth $1,331,000 after purchasing an additional 489 shares during the last quarter. Finally, Elevated Capital Advisors LLC boosted its stake in shares of Microsoft by 23.8% during the fourth quarter. Elevated Capital Advisors LLC now owns 19,710 shares of the software giant’s stock valued at $8,308,000 after purchasing an additional 3,783 shares during the period. Institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several recent analyst reports. Sanford C. Bernstein reduced their price target on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Loop Capital raised their target price on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Morgan Stanley lowered their price target on Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Piper Sandler reissued an “overweight” rating and issued a $520.00 price objective on shares of Microsoft in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. dropped their price objective on Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $510.96.

Microsoft Stock Performance

Microsoft stock opened at $416.13 on Friday. The stock has a market cap of $3.09 trillion, a price-to-earnings ratio of 33.50, a price-to-earnings-growth ratio of 2.17 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. Microsoft Co. has a 1-year low of $385.58 and a 1-year high of $468.35. The firm has a 50 day simple moving average of $425.98 and a 200-day simple moving average of $422.79.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the business posted $2.93 earnings per share. On average, analysts expect that Microsoft Co. will post 13.07 EPS for the current year.

Microsoft Announces Dividend

The company 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 dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.80%. Microsoft’s dividend payout ratio is presently 26.73%.

Insider Buying and Selling at Microsoft

In related news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $430.87, for a total transaction of $1,077,175.00. Following the completion of the transaction, the chief marketing officer now directly owns 53,852 shares of the company’s stock, valued at $23,203,211.24. This represents a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last three months, insiders have sold 8,000 shares of company stock worth $3,493,820. 0.03% of the stock is 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.