Red Door Wealth Management LLC Has $22.81 Million Stock Position in Microsoft Corporation (NASDAQ:MSFT)

Red Door Wealth Management LLC increased its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 2.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 60,763 shares of the software giant’s stock after buying an additional 1,375 shares during the period. Microsoft makes up 3.4% of Red Door Wealth Management LLC’s holdings, making the stock its 5th biggest holding. Red Door Wealth Management LLC’s holdings in Microsoft were worth $22,810,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Newton One Investments LLC increased its stake in Microsoft by 66.7% in the first quarter. Newton One Investments LLC now owns 75 shares of the software giant’s stock valued at $28,000 after purchasing an additional 30 shares in the last quarter. Ball & Co Wealth Management Inc. bought a new stake in Microsoft in the fourth quarter valued at $31,000. LSV Asset Management bought a new stake in Microsoft in the fourth quarter valued at $44,000. IFS Advisors LLC increased its stake in Microsoft by 50.0% in the first quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock valued at $57,000 after purchasing an additional 50 shares in the last quarter. Finally, Fairway Wealth LLC bought a new stake in Microsoft in the fourth quarter valued at $62,000. Institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on MSFT shares. Oppenheimer lifted their price target on shares of Microsoft from $600.00 to $630.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. BMO Capital Markets lifted their price target on shares of Microsoft from $550.00 to $650.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Evercore ISI lifted their price target on shares of Microsoft from $515.00 to $545.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research note on Thursday, May 1st. Finally, Benchmark reiterated a “buy” rating on shares of Microsoft in a report on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $609.86.

Microsoft Stock Down 1.6%

MSFT opened at $520.58 on Thursday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.12. The stock has a market cap of $3.87 trillion, a price-to-earnings ratio of 38.17, a PEG ratio of 2.32 and a beta of 1.06. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $555.45. The company’s 50-day moving average price is $500.51 and its two-hundred day moving average price is $439.91.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share for the quarter, beating analysts’ consensus estimates of $3.35 by $0.30. The firm had revenue of $76.44 billion for the quarter, compared to analysts’ expectations of $73.79 billion. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The company’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.95 earnings per share. As a group, equities analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, August 21st. Microsoft’s dividend payout ratio is presently 24.34%.

Insider Activity at Microsoft

In related news, EVP Judson Althoff sold 16,000 shares of the company’s stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the sale, the executive vice president directly owned 98,010 shares in the company, valued at approximately $44,906,221.80. This represents a 14.03% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the sale, the executive vice president owned 134,888 shares in the company, valued at $61,208,127.76. The trade was a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,350 shares of company stock worth $21,493,447. 0.03% of the stock is owned by corporate insiders.

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.