Microsoft Co. (NASDAQ:MSFT) Shares Bought by Horizon Wealth Management LLC

Horizon Wealth Management LLC grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,698 shares of the software giant’s stock after purchasing an additional 249 shares during the period. Microsoft makes up about 1.2% of Horizon Wealth Management LLC’s holdings, making the stock its 17th biggest position. Horizon Wealth Management LLC’s holdings in Microsoft were worth $4,399,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MSFT. Vanguard Group Inc. grew its holdings in shares of Microsoft by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock worth $147,714,197,000 after acquiring an additional 6,129,708 shares during the period. State Street Corp grew its holdings in shares of Microsoft by 0.7% in the 3rd quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock worth $68,824,173,000 after acquiring an additional 1,951,554 shares during the period. FMR LLC grew its holdings in shares of Microsoft by 2.7% in the 3rd quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock worth $68,162,263,000 after acquiring an additional 5,762,902 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Microsoft by 0.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock worth $50,302,677,000 after acquiring an additional 556,020 shares during the period. Finally, Moneta Group Investment Advisors LLC grew its holdings in shares of Microsoft by 112,158.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock worth $36,017,948,000 after acquiring an additional 150,053,637 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of research reports. BNP Paribas upgraded Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price target on the stock in a report on Thursday, January 18th. BMO Capital Markets increased their target price on Microsoft from $455.00 to $465.00 and gave the company an “outperform” rating in a report on Friday, April 12th. KeyCorp initiated coverage on Microsoft in a report on Thursday, March 21st. They set an “overweight” rating and a $490.00 target price on the stock. Jefferies Financial Group increased their target price on Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a report on Monday, April 1st. Finally, StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the company. According to MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $432.13.

Microsoft Stock Down 1.8 %

Shares of NASDAQ MSFT opened at $404.27 on Friday. Microsoft Co. has a 12-month low of $275.37 and a 12-month high of $430.82. The company has a market cap of $3.00 trillion, a P/E ratio of 36.55, a P/E/G ratio of 2.21 and a beta of 0.89. 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 stock has a fifty day moving average price of $415.29 and a 200 day moving average price of $384.29.

Microsoft (NASDAQ:MSFT) last announced its earnings results 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 company had revenue of $62.02 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm earned $2.32 earnings per share. Research analysts anticipate that Microsoft Co. will post 11.61 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be issued a $0.75 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.74%. Microsoft’s dividend payout ratio is currently 27.12%.

Insiders Place Their Bets

In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $22,770,926.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $22,770,926.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,955 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. Insiders have sold 1,070,258 shares of company stock valued at $30,690,456 over the last quarter. Insiders own 0.03% of the company’s stock.

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.