Avid Wealth Partners LLC Makes New $880,000 Investment in Microsoft Co. (NASDAQ:MSFT)

Avid Wealth Partners LLC acquired a new position in shares of Microsoft Co. (NASDAQ:MSFT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,339 shares of the software giant’s stock, valued at approximately $880,000. Microsoft accounts for approximately 0.9% of Avid Wealth Partners LLC’s portfolio, making the stock its 15th largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Hibernia Wealth Partners LLC bought a new position in Microsoft during the 3rd quarter worth $69,000. Iron Horse Wealth Management LLC increased its stake in Microsoft by 89.0% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after acquiring an additional 105 shares during the period. Authentikos Wealth Advisory LLC bought a new position in shares of Microsoft in the 3rd quarter valued at $87,000. Cordant Inc. increased its stake in shares of Microsoft by 647.8% in the 4th quarter. Cordant Inc. now owns 344 shares of the software giant’s stock valued at $129,000 after purchasing an additional 298 shares during the last quarter. Finally, Family CFO Inc increased its stake in shares of Microsoft by 13.6% in the 3rd quarter. Family CFO Inc now owns 359 shares of the software giant’s stock valued at $113,000 after purchasing an additional 43 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 0.4 %

Shares of NASDAQ:MSFT opened at $409.06 on Thursday. The company has a market capitalization of $3.04 trillion, a price-to-earnings ratio of 36.99, a P/E/G ratio of 2.17 and a beta of 0.89. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 1.20. The business’s 50-day moving average is $414.59 and its 200-day moving average is $387.09. Microsoft Co. has a 1 year low of $275.37 and a 1 year high of $430.82.

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

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors 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 yield of 0.73%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is currently 27.12%.

Wall Street Analyst Weigh In

MSFT has been the topic of several recent analyst reports. Wedbush reiterated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research note on Wednesday, April 10th. Macquarie lifted their price target on Microsoft from $430.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. BMO Capital Markets lifted their price target on Microsoft from $455.00 to $465.00 and gave the company an “outperform” rating in a research note on Friday, April 12th. Piper Sandler reiterated an “overweight” rating and issued a $455.00 price target on shares of Microsoft in a research note on Thursday, January 25th. Finally, DA Davidson restated a “buy” rating and set a $500.00 price objective on shares of Microsoft in a research report on Friday, March 15th. Four analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $434.05.

Insider Buying and Selling

In related news, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total value of $1,950,000.00. Following the sale, 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. In the last three months, insiders have sold 1,070,258 shares of company stock valued at $30,690,456. 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.