Chemistry Wealth Management LLC Raises Holdings in Microsoft Co. (NASDAQ:MSFT)

Chemistry Wealth Management LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 7.6% during the fourth quarter, Holdings Channel reports. The fund owned 17,750 shares of the software giant’s stock after acquiring an additional 1,250 shares during the quarter. Microsoft makes up approximately 1.8% of Chemistry Wealth Management LLC’s investment portfolio, making the stock its 12th biggest position. Chemistry Wealth Management LLC’s holdings in Microsoft were worth $7,481,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of MSFT. BCK Partners Inc. increased its position in Microsoft by 1.8% in the third quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock worth $582,000 after purchasing an additional 24 shares during the period. Conscious Wealth Investments LLC grew its position in shares of Microsoft by 0.4% during the 2nd quarter. Conscious Wealth Investments LLC now owns 6,986 shares of the software giant’s stock worth $3,108,000 after buying an additional 25 shares during the period. Global Wealth Strategies & Associates lifted its holdings in shares of Microsoft by 0.8% during the 3rd quarter. Global Wealth Strategies & Associates now owns 2,997 shares of the software giant’s stock valued at $1,290,000 after purchasing an additional 25 shares in the last quarter. Christopher J. Hasenberg Inc lifted its holdings in shares of Microsoft by 35.7% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after purchasing an additional 25 shares in the last quarter. Finally, Sequent Asset Management LLC lifted its holdings in shares of Microsoft by 1.3% during the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock valued at $853,000 after purchasing an additional 25 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insiders Place Their Bets

In other news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $430.87, for a total value of $1,077,175.00. Following the transaction, the chief marketing officer now owns 53,852 shares in the company, valued at $23,203,211.24. This trade represents a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have sold 7,000 shares of company stock worth $3,070,340. Corporate insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Microsoft stock opened at $397.12 on Friday. The company has a market capitalization of $2.95 trillion, a PE ratio of 31.97, a P/E/G ratio of 2.21 and a beta of 0.90. The stock has a 50-day moving average price of $420.68 and a two-hundred day moving average price of $422.62. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 12 month low of $385.58 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT) last issued 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 return on equity of 33.36% and a net margin of 35.43%. During the same period in the previous year, the business earned $2.93 earnings per share. Analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.84%. Microsoft’s payout ratio is currently 26.73%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on MSFT shares. Loop Capital boosted their target price on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Guggenheim reissued a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. UBS Group decreased their target price on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Wedbush reaffirmed an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a report on Tuesday, November 19th. Finally, StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $510.96.

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.