Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Oak Grove Capital LLC

Oak Grove Capital LLC raised its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 16.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 42,397 shares of the software giant’s stock after buying an additional 6,128 shares during the period. Microsoft comprises approximately 2.7% of Oak Grove Capital LLC’s holdings, making the stock its 9th largest position. Oak Grove Capital LLC’s holdings in Microsoft were worth $17,870,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in MSFT. Adamsbrown Wealth Consultants LLC boosted its stake in Microsoft by 2.2% during the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock valued at $2,515,000 after purchasing an additional 130 shares in the last quarter. Mcdaniel Terry & Co. boosted its stake in Microsoft by 6.1% during the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock valued at $133,023,000 after buying an additional 18,052 shares in the last quarter. Centric Wealth Management grew its holdings in Microsoft by 0.7% during the third quarter. Centric Wealth Management now owns 16,156 shares of the software giant’s stock worth $6,789,000 after acquiring an additional 112 shares during the period. 1900 Wealth Management LLC raised its position in Microsoft by 3.0% in the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant’s stock worth $4,274,000 after acquiring an additional 294 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Microsoft by 2.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 9,250,128 shares of the software giant’s stock valued at $3,980,299,000 after acquiring an additional 217,509 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MSFT shares. BMO Capital Markets boosted their target price on shares of Microsoft from $470.00 to $485.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Royal Bank of Canada upped their price target on Microsoft from $500.00 to $525.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Evercore ISI raised their price objective on Microsoft from $435.00 to $500.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Wells Fargo & Company boosted their target price on Microsoft from $500.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Finally, Stifel Nicolaus increased their price target on Microsoft from $475.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $507.77.

Microsoft Stock Performance

MSFT opened at $438.73 on Friday. 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 market cap of $3.26 trillion, a PE ratio of 35.32, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The stock has a 50-day moving average of $389.19 and a 200-day moving average of $411.63. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The firm had revenue of $70.07 billion during the quarter, compared to analysts’ expectations of $68.54 billion. During the same quarter in the prior year, the business earned $2.94 earnings per share. The company’s revenue was up 13.3% on a year-over-year basis. As a group, equities research analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio is 25.66%.

Insider Buying and Selling at Microsoft

In other news, insider Bradford L. Smith sold 6,000 shares of Microsoft stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the transaction, the insider now directly owns 471,036 shares in the company, valued at approximately $204,038,664.12. The trade was a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

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.