Private Wealth Advisors LLC Buys New Position in Microsoft Co. (NASDAQ:MSFT)

Private Wealth Advisors LLC bought a new stake in Microsoft Co. (NASDAQ:MSFT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 600 shares of the software giant’s stock, valued at approximately $225,000.

Other large investors also recently made changes to their positions in the company. Hibernia Wealth Partners LLC bought a new position in shares of Microsoft during the 3rd quarter valued at about $69,000. Iron Horse Wealth Management LLC boosted its position in shares of Microsoft by 89.0% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after purchasing an additional 105 shares in the last quarter. Authentikos Wealth Advisory LLC bought a new position in shares of Microsoft during the 3rd quarter valued at about $87,000. Family CFO Inc lifted its stake in Microsoft by 13.6% during the third quarter. Family CFO Inc now owns 359 shares of the software giant’s stock valued at $113,000 after buying an additional 43 shares in the last quarter. Finally, Cordant Inc. lifted its stake in Microsoft by 647.8% during the fourth quarter. Cordant Inc. now owns 344 shares of the software giant’s stock valued at $129,000 after buying an additional 298 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 0.4 %

Shares of MSFT stock opened at $409.06 on Thursday. The stock has a market cap of $3.04 trillion, a P/E ratio of 36.99, a price-to-earnings-growth ratio of 2.17 and a beta of 0.89. Microsoft Co. has a one year low of $275.37 and a one year high of $430.82. The stock has a fifty day moving average price of $414.59 and a 200 day moving average price of $387.09. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 1.20.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Tuesday, January 30th. The software giant reported $2.93 EPS for the quarter, topping the consensus estimate of $2.76 by $0.17. The firm had revenue of $62.02 billion during the quarter, compared to analysts’ expectations of $61.14 billion. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. Microsoft’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period last year, the business earned $2.32 earnings per share. Analysts predict that Microsoft Co. will post 11.61 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be given a $0.75 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 annualized dividend and a yield of 0.73%. Microsoft’s dividend payout ratio (DPR) is currently 27.12%.

Insider Buying and Selling

In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the completion of the transaction, the insider now directly owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction on Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the completion of the transaction, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the transaction, the insider now directly owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The disclosure for this sale can be found here. Insiders sold a total of 1,070,258 shares of company stock valued at $30,690,456 over the last ninety days. 0.03% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have commented on the stock. StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. KeyCorp began coverage on shares of Microsoft in a research report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price target for the company. Barclays increased their price target on shares of Microsoft from $421.00 to $475.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Citigroup reduced their price target on shares of Microsoft from $480.00 to $475.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Finally, Truist Financial reissued a “buy” rating and issued a $600.00 price target on shares of Microsoft in a research report on Monday, March 25th. Four analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $434.05.

About Microsoft

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.