Brand Asset Management Group Inc. Purchases 627 Shares of Microsoft Co. (NASDAQ:MSFT)

Brand Asset Management Group Inc. increased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 23.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,248 shares of the software giant’s stock after buying an additional 627 shares during the period. Brand Asset Management Group Inc.’s holdings in Microsoft were worth $1,221,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MSFT. Monumental Financial Group Inc. bought a new position in shares of Microsoft in the 1st quarter valued at about $28,000. Atlantic Private Wealth LLC boosted its stake in shares of Microsoft by 534.5% in the 2nd quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock valued at $63,000 after purchasing an additional 155 shares during the last quarter. Hibernia Wealth Partners LLC bought a new position in shares of Microsoft in the 3rd quarter valued at about $69,000. Iron Horse Wealth Management LLC boosted its stake in shares of Microsoft by 89.0% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after purchasing an additional 105 shares during the last quarter. Finally, MayTech Global Investments LLC bought a new position in shares of Microsoft in the 4th quarter valued at about $83,000. 71.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MSFT has been the topic of several recent research reports. Barclays raised their target price on shares of Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. BMO Capital Markets increased their price target on shares of Microsoft from $455.00 to $465.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. KeyCorp initiated coverage on shares of Microsoft in a research report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price target on the stock. Raymond James increased their price target on shares of Microsoft from $400.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Finally, Citigroup cut their price target on shares of Microsoft from $480.00 to $475.00 and set a “buy” rating on the stock in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the stock. According to MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and an average price target of $432.13.

Microsoft Price Performance

NASDAQ:MSFT opened at $399.12 on Friday. The firm has a fifty day simple moving average of $414.86 and a 200 day simple moving average of $384.83. The stock has a market capitalization of $2.97 trillion, a PE ratio of 36.09, a P/E/G ratio of 2.20 and a beta of 0.89. Microsoft Co. has a 1-year low of $275.37 and a 1-year high of $430.82. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.17. The company had revenue of $62.02 billion during the quarter, compared to analysts’ expectations of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. Microsoft’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.32 earnings per share. On average, research analysts expect that Microsoft Co. will post 11.61 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is presently 27.12%.

Insider Activity at Microsoft

In related news, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the transaction, the executive vice president now owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the completion of the transaction, the executive vice president now owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Bradford L. Smith sold 45,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $411.78, for a total value of $18,530,100.00. Following the transaction, the insider now directly owns 574,129 shares of the company’s stock, valued at approximately $236,414,839.62. The disclosure for this sale can be found here. Insiders sold a total of 1,070,258 shares of company stock valued at $30,690,456 over the last quarter. 0.03% of the stock is owned by corporate 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.