Fortune Financial Advisors LLC Has $6.27 Million Position in Microsoft Co. (NASDAQ:MSFT)

Fortune Financial Advisors LLC grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,671 shares of the software giant’s stock after purchasing an additional 486 shares during the quarter. Microsoft comprises approximately 4.4% of Fortune Financial Advisors LLC’s portfolio, making the stock its 2nd biggest holding. Fortune Financial Advisors LLC’s holdings in Microsoft were worth $6,269,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of MSFT. Financial Security Advisor Inc. boosted its holdings in shares of Microsoft by 1.7% in the fourth quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock worth $10,255,000 after acquiring an additional 452 shares during the period. Gunderson Capital Management Inc. increased its position in shares of Microsoft by 0.7% during the fourth quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock valued at $9,359,000 after buying an additional 185 shares during the period. Rappaport Reiches Capital Management LLC boosted its position in shares of Microsoft by 14.9% in the fourth quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock valued at $3,089,000 after acquiring an additional 1,067 shares during the period. Bailard Inc. increased its holdings in Microsoft by 1.2% during the 3rd quarter. Bailard Inc. now owns 470,301 shares of the software giant’s stock worth $148,497,000 after acquiring an additional 5,366 shares during the period. Finally, RNC Capital Management LLC lifted its stake in Microsoft by 10.4% in the 4th quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock worth $25,967,000 after purchasing an additional 6,484 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In related news, insider Bradford L. Smith sold 3,303 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the transaction, the insider now owns 570,826 shares in the company, valued at $231,823,855.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Microsoft news, insider Bradford L. Smith sold 3,303 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the completion of the sale, the insider now directly owns 570,826 shares in the company, valued at approximately $231,823,855.12. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Kathleen T. Hogan sold 21,955 shares of the firm’s stock in a transaction on 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 in the company, valued at $64,538,265.44. The disclosure for this sale can be found here. Insiders sold 1,025,258 shares of company stock worth $12,160,356 over the last three months. 0.03% of the stock is currently owned by company insiders.

Microsoft Trading Up 2.2 %

Microsoft stock opened at $406.66 on Friday. Microsoft Co. has a 12 month low of $303.40 and a 12 month high of $430.82. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. The business’s fifty day simple moving average is $413.76 and its two-hundred day simple moving average is $389.54. The company has a market capitalization of $3.02 trillion, a price-to-earnings ratio of 35.21, a price-to-earnings-growth ratio of 2.09 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.13. The firm had revenue of $61.86 billion for the quarter, compared to the consensus estimate of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The business’s revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.45 earnings per share. As a group, equities analysts predict that Microsoft Co. will post 11.76 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 13th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.74%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio is currently 25.97%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Stifel Nicolaus reissued a “buy” rating and set a $455.00 price objective on shares of Microsoft in a research note on Monday, April 22nd. Wedbush reissued an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a report on Friday, April 26th. Morgan Stanley lifted their target price on shares of Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Truist Financial restated a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research report on Monday, March 25th. Finally, Jefferies Financial Group increased their target price on Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Three equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. Based on data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $452.61.

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.