BKM Wealth Management LLC Takes $9.18 Million Position in Microsoft Co. (NASDAQ:MSFT)

BKM Wealth Management LLC purchased a new position in Microsoft Co. (NASDAQ:MSFT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 24,402 shares of the software giant’s stock, valued at approximately $9,176,000. Microsoft accounts for about 0.5% of BKM Wealth Management LLC’s investment portfolio, making the stock its 6th biggest holding.

Other large investors have also made changes to their positions in the company. High Pines Wealth Management LLC increased its position in shares of Microsoft by 1.3% during the third quarter. High Pines Wealth Management LLC now owns 2,256 shares of the software giant’s stock worth $712,000 after acquiring an additional 28 shares during the period. Sonen Capital LLC lifted its position in shares of Microsoft by 0.3% during the 3rd quarter. Sonen Capital LLC now owns 10,132 shares of the software giant’s stock worth $3,199,000 after buying an additional 28 shares during the last quarter. Perritt Capital Management Inc. grew its holdings in shares of Microsoft by 3.3% during the third quarter. Perritt Capital Management Inc. now owns 937 shares of the software giant’s stock worth $296,000 after purchasing an additional 30 shares during the last quarter. Noble Family Wealth LLC increased its position in Microsoft by 1.3% during the third quarter. Noble Family Wealth LLC now owns 2,331 shares of the software giant’s stock worth $736,000 after buying an additional 31 shares during the period. Finally, O Connor Financial Group LLC grew its position in shares of Microsoft by 1.4% during the third quarter. O Connor Financial Group LLC now owns 2,191 shares of the software giant’s stock worth $692,000 after acquiring an additional 31 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Trading Down 0.1 %

Shares of MSFT opened at $421.43 on Thursday. The stock’s fifty day simple moving average is $409.64 and its 200 day simple moving average is $373.65. Microsoft Co. has a twelve month low of $272.05 and a twelve month high of $430.82. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $3.13 trillion, a P/E ratio of 38.10, a price-to-earnings-growth ratio of 2.25 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.76 by $0.17. The business had revenue of $62.02 billion for the quarter, compared to analyst estimates of $61.14 billion. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The company’s revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.32 EPS. On average, equities research analysts forecast that Microsoft Co. will post 11.63 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio is presently 27.12%.

Insider Activity

In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the sale, the executive vice president now owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s 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 owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kathleen T. Hogan sold 21,955 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the sale, the executive vice president now owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,070,258 shares of company stock worth $30,690,456. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MSFT has been the subject of a number of recent research reports. Macquarie increased their price target on shares of Microsoft from $430.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. China Renaissance began coverage on shares of Microsoft in a report on Tuesday, December 5th. They issued a “buy” rating and a $466.00 price target for the company. BNP Paribas raised shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 target price for the company in a report on Thursday, January 18th. Jefferies Financial Group reissued a “buy” rating and set a $465.00 price target on shares of Microsoft in a research note on Wednesday, March 6th. Finally, Royal Bank of Canada lifted their price objective on Microsoft from $415.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $423.34.

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.