Camelot Portfolios LLC Buys 488 Shares of Microsoft Co. (NASDAQ:MSFT)

Camelot Portfolios LLC grew its stake in Microsoft Co. (NASDAQ:MSFT) by 49.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,467 shares of the software giant’s stock after acquiring an additional 488 shares during the period. Camelot Portfolios LLC’s holdings in Microsoft were worth $552,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Lodestone Wealth Management LLC boosted its holdings in shares of Microsoft by 0.5% during the third quarter. Lodestone Wealth Management LLC now owns 14,103 shares of the software giant’s stock worth $4,453,000 after acquiring an additional 68 shares during the period. Consilio Wealth Advisors LLC boosted its holdings in shares of Microsoft by 7.7% during the third quarter. Consilio Wealth Advisors LLC now owns 36,319 shares of the software giant’s stock worth $11,386,000 after acquiring an additional 2,610 shares during the period. McLean Asset Management Corp raised its position in shares of Microsoft by 0.6% in the third quarter. McLean Asset Management Corp now owns 12,939 shares of the software giant’s stock valued at $4,249,000 after buying an additional 78 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Microsoft by 0.4% in the third quarter. Versant Capital Management Inc now owns 30,277 shares of the software giant’s stock valued at $9,560,000 after buying an additional 120 shares in the last quarter. Finally, SlateStone Wealth LLC raised its position in shares of Microsoft by 113.0% in the third quarter. SlateStone Wealth LLC now owns 72,505 shares of the software giant’s stock valued at $22,894,000 after buying an additional 38,462 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $399.04 on Friday. The firm’s 50-day moving average price is $414.44 and its 200-day moving average price is $387.17. Microsoft Co. has a 1-year low of $292.73 and a 1-year high of $430.82. The firm has a market capitalization of $2.97 trillion, a P/E ratio of 36.08, a P/E/G ratio of 2.20 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.

Microsoft (NASDAQ:MSFT) last announced 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. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The firm had revenue of $62.02 billion for the quarter, compared to analyst estimates of $61.14 billion. During the same quarter in the prior year, the business earned $2.32 earnings per share. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. Equities research analysts anticipate that Microsoft Co. will post 11.61 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors 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 dividend yield of 0.75%. Microsoft’s dividend payout ratio is presently 27.12%.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of analyst reports. Wedbush reiterated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research report on Wednesday, April 10th. DA Davidson reiterated a “buy” rating and issued a $500.00 price target on shares of Microsoft in a research report on Friday, March 15th. Jefferies Financial Group boosted their price objective on shares of Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Wells Fargo & Company boosted their price objective on shares of Microsoft from $460.00 to $480.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. Finally, Royal Bank of Canada upped their price target on shares of 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-five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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 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 in the company, valued at approximately $64,538,265.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the 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 completion of the sale, the executive vice president now owns 159,764 shares in the company, valued at approximately $64,538,265.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the completion of the sale, the insider now owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The disclosure for this sale can be found here. Insiders have sold 1,070,258 shares of company stock worth $30,690,456 in the last quarter. Insiders own 0.03% of the company’s stock.

Microsoft Company 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.