Microsoft Co. (NASDAQ:MSFT) Stock Position Raised by Relyea Zuckerberg Hanson LLC

Relyea Zuckerberg Hanson LLC lifted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 70.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 57,273 shares of the software giant’s stock after buying an additional 23,761 shares during the period. Microsoft makes up 3.2% of Relyea Zuckerberg Hanson LLC’s holdings, making the stock its 5th largest holding. Relyea Zuckerberg Hanson LLC’s holdings in Microsoft were worth $24,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of MSFT. BCK Partners Inc. grew its stake 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 in the last quarter. Conscious Wealth Investments LLC raised its holdings in shares of Microsoft by 0.4% during the second quarter. Conscious Wealth Investments LLC now owns 6,986 shares of the software giant’s stock valued at $3,108,000 after buying an additional 25 shares during the last quarter. Global Wealth Strategies & Associates raised its holdings in shares of Microsoft by 0.8% during the third quarter. Global Wealth Strategies & Associates now owns 2,997 shares of the software giant’s stock valued at $1,290,000 after buying an additional 25 shares during the last quarter. Christopher J. Hasenberg Inc raised its holdings in Microsoft by 35.7% during the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after purchasing an additional 25 shares in the last quarter. Finally, Sequent Asset Management LLC raised its holdings in Microsoft by 1.3% during the third quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock worth $853,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

MSFT has been the topic of several recent research reports. Piper Sandler restated an “overweight” rating and issued a $520.00 price target on shares of Microsoft in a research report on Monday, January 27th. Cantor Fitzgerald restated an “overweight” rating and set a $509.00 price target on shares of Microsoft in a report on Wednesday, January 29th. DA Davidson reaffirmed a “neutral” rating and issued a $425.00 price objective on shares of Microsoft in a research note on Thursday, January 30th. Wedbush reissued an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research report on Tuesday, November 19th. Finally, Loop Capital boosted their price objective on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Four equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $510.96.

Insider Transactions at Microsoft

In related news, CMO Takeshi Numoto sold 2,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $437.32, for a total value of $874,640.00. Following the completion of the transaction, the chief marketing officer now owns 51,852 shares of the company’s stock, valued at approximately $22,675,916.64. This trade represents a 3.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 7,000 shares of company stock valued at $3,070,340 over the last quarter. Corporate insiders own 0.03% of the company’s stock.

Microsoft Trading Up 1.2 %

Shares of NASDAQ MSFT opened at $397.12 on Friday. The company’s 50 day simple moving average is $420.68 and its 200 day simple moving average is $422.62. Microsoft Co. has a fifty-two week low of $385.58 and a fifty-two week high of $468.35. The firm has a market capitalization of $2.95 trillion, a P/E ratio of 31.97, a P/E/G ratio of 2.21 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping 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 period last year, the firm earned $2.93 EPS. On average, analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders 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 0.84%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio is 26.73%.

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.