CFO4Life Group LLC Acquires 400 Shares of Microsoft Co. (NASDAQ:MSFT)

CFO4Life Group LLC raised its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,709 shares of the software giant’s stock after buying an additional 400 shares during the period. Microsoft accounts for about 3.0% of CFO4Life Group LLC’s portfolio, making the stock its 9th largest holding. CFO4Life Group LLC’s holdings in Microsoft were worth $17,159,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSFT. WFA Asset Management Corp grew its stake in shares of Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after buying an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. grew its stake in shares of Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after buying an additional 38 shares in the last quarter. Discipline Wealth Solutions LLC grew its stake in shares of Microsoft by 410.4% in the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock valued at $1,144,000 after buying an additional 2,138 shares in the last quarter. Swedbank AB lifted its position in shares of Microsoft by 0.4% in the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant’s stock valued at $5,890,530,000 after buying an additional 49,288 shares during the last quarter. Finally, Pettinga Financial Advisors LLC lifted its position in shares of Microsoft by 1.4% in the third quarter. Pettinga Financial Advisors LLC now owns 7,749 shares of the software giant’s stock valued at $3,334,000 after buying an additional 109 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MSFT shares. Westpark Capital reaffirmed a “hold” rating on shares of Microsoft in a research report on Thursday, May 1st. StockNews.com raised Microsoft from a “hold” rating to a “buy” rating in a research report on Monday, May 5th. Cantor Fitzgerald raised their price objective on Microsoft from $502.00 to $512.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Barclays increased their price target on shares of Microsoft from $430.00 to $494.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Finally, Citigroup increased their price target on shares of Microsoft from $480.00 to $540.00 and gave the company a “buy” rating in a report on Thursday, May 15th. Five investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. Based on data from MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus price target of $510.30.

Microsoft Price Performance

MSFT opened at $458.87 on Tuesday. The stock has a 50-day moving average price of $396.84 and a 200-day moving average price of $412.71. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The firm has a market cap of $3.41 trillion, a PE ratio of 36.95, a P/E/G ratio of 2.21 and a beta of 0.99. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35.

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

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.72%. The ex-dividend date is Thursday, May 15th. Microsoft’s dividend payout ratio is currently 25.66%.

Insider Buying and Selling

In other Microsoft news, EVP Amy Coleman sold 13,243 shares of the company’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the sale, the executive vice president now owns 43,100 shares in the company, valued at $19,481,631. This represents a 23.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Bradford L. Smith sold 75,000 shares of the company’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the completion of the transaction, the insider now directly owns 476,999 shares of the company’s stock, valued at $207,995,413.95. This represents a 13.59% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 94,243 shares of company stock worth $41,288,738. 0.03% of the stock is owned by insiders.

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.