Marcum Wealth LLC Has $21.27 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Marcum Wealth LLC grew its position in Microsoft Co. (NASDAQ:MSFT) by 3.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 50,462 shares of the software giant’s stock after purchasing an additional 1,566 shares during the period. Microsoft accounts for about 1.8% of Marcum Wealth LLC’s portfolio, making the stock its 12th largest holding. Marcum Wealth LLC’s holdings in Microsoft were worth $21,270,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Net Worth Advisory Group acquired a new stake in Microsoft during the third quarter worth approximately $2,645,000. Oak Ridge Investments LLC lifted its stake in shares of Microsoft by 7.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after acquiring an additional 18,544 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Microsoft by 1.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock worth $882,816,000 after purchasing an additional 31,401 shares during the last quarter. Jacobs & Co. CA raised its position in Microsoft by 0.9% during the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock worth $41,318,000 after purchasing an additional 880 shares during the last quarter. Finally, Focus Financial Network Inc. raised its position in Microsoft by 2.0% during the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after purchasing an additional 1,489 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $423.48, for a total value of $423,480.00. Following the sale, the chief marketing officer now owns 56,511 shares in the company, valued at approximately $23,931,278.28. This trade represents a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders have sold 8,000 shares of company stock worth $3,493,820. 0.03% of the stock is owned by insiders.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $408.25 on Friday. The company has a market capitalization of $3.03 trillion, a price-to-earnings ratio of 32.87, a P/E/G ratio of 2.20 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The company has a 50 day simple moving average of $425.20 and a two-hundred day simple moving average of $422.69. Microsoft Co. has a fifty-two week low of $385.58 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the company earned $2.93 earnings per share. Analysts expect that Microsoft Co. will post 13.07 EPS for the current fiscal year.

Microsoft Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MSFT. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. BMO Capital Markets dropped their price target on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. UBS Group dropped their target price on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Wedbush reaffirmed an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a report on Tuesday, November 19th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $510.96.

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.