Mosaic Family Wealth Partners LLC Buys 21,317 Shares of Microsoft Co. (NASDAQ:MSFT)

Mosaic Family Wealth Partners LLC raised its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 177.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,358 shares of the software giant’s stock after acquiring an additional 21,317 shares during the quarter. Microsoft makes up about 2.2% of Mosaic Family Wealth Partners LLC’s portfolio, making the stock its 13th biggest position. Mosaic Family Wealth Partners LLC’s holdings in Microsoft were worth $12,544,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Helios Capital Management PTE. Ltd. bought a new stake in Microsoft during the 4th quarter valued at $6,816,000. MBE Wealth Management LLC boosted its position in Microsoft by 7.0% during the 4th quarter. MBE Wealth Management LLC now owns 1,646 shares of the software giant’s stock valued at $619,000 after acquiring an additional 108 shares in the last quarter. Kennedy Investment Group boosted its position in Microsoft by 7.9% during the 4th quarter. Kennedy Investment Group now owns 4,848 shares of the software giant’s stock valued at $1,823,000 after acquiring an additional 355 shares in the last quarter. Wealth Effects LLC boosted its position in Microsoft by 2.8% during the 4th quarter. Wealth Effects LLC now owns 20,792 shares of the software giant’s stock valued at $7,819,000 after acquiring an additional 572 shares in the last quarter. Finally, Sutton Place Investors LLC lifted its holdings in shares of Microsoft by 245.3% during the 4th quarter. Sutton Place Investors LLC now owns 10,677 shares of the software giant’s stock valued at $4,015,000 after purchasing an additional 7,585 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Trading Up 0.3 %

MSFT opened at $410.54 on Thursday. The stock has a market capitalization of $3.05 trillion, a PE ratio of 35.54, a P/E/G ratio of 2.15 and a beta of 0.89. Microsoft Co. has a one year low of $306.26 and a one year high of $430.82. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. The business’s 50 day moving average price is $413.84 and its 200 day moving average price is $392.05.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. The company had revenue of $61.86 billion for the quarter, compared to the consensus estimate of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.45 earnings per share. As a group, equities research analysts expect that Microsoft Co. will post 11.76 EPS for the current year.

Microsoft Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MSFT. Barclays increased their price target on Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. DA Davidson reiterated a “buy” rating and issued a $500.00 target price on shares of Microsoft in a research note on Friday, March 15th. Wells Fargo & Company raised their price target on shares of Microsoft from $480.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Stifel Nicolaus reissued a “buy” rating and set a $455.00 price objective on shares of Microsoft in a report on Monday, April 22nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Microsoft from $440.00 to $470.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. Based on data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and a consensus target price of $452.61.

Insider Buying and Selling at Microsoft

In other news, major shareholder Corp Microsoft sold 1,000,000 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $22,770,926.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction that occurred 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 completion of the sale, the insider now owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the transaction, the executive vice president now owns 159,764 shares in the company, valued at $64,538,265.44. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

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.