Partnership Wealth Management LLC Has $3.60 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Partnership Wealth Management LLC lifted its position in Microsoft Co. (NASDAQ:MSFT) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,540 shares of the software giant’s stock after acquiring an additional 339 shares during the period. Microsoft comprises approximately 3.0% of Partnership Wealth Management LLC’s holdings, making the stock its 8th largest position. Partnership Wealth Management LLC’s holdings in Microsoft were worth $3,600,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in shares of Microsoft by 48,526.1% during the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock valued at $16,567,258,000 after buying an additional 38,422,466 shares during the period. Wulff Hansen & CO. grew its position in Microsoft by 47,196.6% in the second quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant’s stock worth $2,160,850,000 after acquiring an additional 4,824,436 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Microsoft by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock worth $70,790,682,000 after purchasing an additional 3,264,648 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Microsoft by 67.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 5,963,863 shares of the software giant’s stock worth $2,566,250,000 after acquiring an additional 2,404,348 shares in the last quarter. Finally, Baillie Gifford & Co. boosted its position in Microsoft by 46.1% during the third quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant’s stock worth $3,032,859,000 after purchasing an additional 2,222,483 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MSFT shares. TD Cowen decreased their target price on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. cut their price target on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Guggenheim reissued a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. DA Davidson restated a “neutral” rating and set a $425.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Finally, Mizuho decreased their price target on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $510.96.

Microsoft Stock Performance

Shares of MSFT opened at $408.43 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $428.76 and a 200 day simple moving average of $422.92. The stock has a market capitalization of $3.04 trillion, a price-to-earnings ratio of 32.88, a PEG ratio of 2.21 and a beta of 0.90. Microsoft Co. has a 12 month low of $385.58 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period in the prior year, the firm posted $2.93 earnings per share. Research analysts forecast that Microsoft Co. will post 13.07 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.81%. Microsoft’s dividend payout ratio (DPR) is currently 26.73%.

Insider Transactions at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the transaction, the chief marketing officer now owns 57,511 shares in the company, valued at $23,850,961.92. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total value of $10,425,000.00. Following the sale, the executive vice president now owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. The trade was a 17.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,000 shares of company stock worth $14,333,540. 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.