Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Cherrydale Wealth Management LLC

Cherrydale Wealth Management LLC increased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,589 shares of the software giant’s stock after purchasing an additional 270 shares during the period. Microsoft accounts for approximately 1.1% of Cherrydale Wealth Management LLC’s investment portfolio, making the stock its 14th biggest position. Cherrydale Wealth Management LLC’s holdings in Microsoft were worth $2,777,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Gill Capital Partners LLC raised its holdings in Microsoft by 4.1% in the 4th quarter. Gill Capital Partners LLC now owns 7,471 shares of the software giant’s stock valued at $3,149,000 after acquiring an additional 296 shares during the last quarter. CGN Advisors LLC boosted its position in shares of Microsoft by 16.0% during the 4th quarter. CGN Advisors LLC now owns 30,744 shares of the software giant’s stock worth $12,959,000 after purchasing an additional 4,238 shares during the period. Howard Financial Services LTD. boosted its position in shares of Microsoft by 25.6% during the 4th quarter. Howard Financial Services LTD. now owns 23,798 shares of the software giant’s stock worth $10,031,000 after purchasing an additional 4,846 shares during the period. Verity & Verity LLC boosted its position in Microsoft by 11.2% in the 4th quarter. Verity & Verity LLC now owns 74,752 shares of the software giant’s stock valued at $31,508,000 after buying an additional 7,509 shares during the period. Finally, Integrated Investment Consultants LLC boosted its position in Microsoft by 16.6% in the 4th quarter. Integrated Investment Consultants LLC now owns 27,137 shares of the software giant’s stock valued at $11,438,000 after buying an additional 3,865 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Trading Up 1.2 %

Shares of Microsoft stock opened at $397.12 on Friday. Microsoft Co. has a 52-week low of $385.58 and a 52-week high of $468.35. 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 company’s 50-day simple moving average is $420.68 and its 200-day simple moving average is $422.73. The firm has a market cap of $2.95 trillion, a price-to-earnings ratio of 31.97, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping 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 EPS. As a group, equities research analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

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

Insiders Place Their Bets

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the company’s 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 transaction, the chief marketing officer now directly owns 53,852 shares in the company, valued at approximately $23,203,211.24. This represents a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last three months, insiders have sold 7,000 shares of company stock worth $3,070,340. 0.03% of the stock is owned by company insiders.

Analysts Set New Price Targets

MSFT has been the topic of a number of analyst reports. Loop Capital raised their price objective on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Guggenheim reissued a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. DA Davidson reissued a “neutral” rating and issued a $425.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $509.00 price target on shares of Microsoft in a research report on Wednesday, January 29th. Finally, Mizuho reduced their price target on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus price target of $510.96.

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.