Microsoft Co. (NASDAQ:MSFT) is Spectrum Wealth Counsel LLC’s 6th Largest Position

Spectrum Wealth Counsel LLC reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,793 shares of the software giant’s stock after selling 323 shares during the period. Microsoft accounts for about 2.5% of Spectrum Wealth Counsel LLC’s portfolio, making the stock its 6th largest holding. Spectrum Wealth Counsel LLC’s holdings in Microsoft were worth $21,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Fiduciary Advisors Inc. purchased a new position in shares of Microsoft during the 4th quarter worth $38,000. IFS Advisors LLC increased its position in Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after purchasing an additional 35 shares during the last quarter. Avondale Wealth Management raised its stake in Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after purchasing an additional 65 shares during the period. MidAtlantic Capital Management Inc. purchased a new stake in shares of Microsoft in the 3rd quarter valued at approximately $62,000. Finally, Kieckhefer Group LLC acquired a new stake in shares of Microsoft during the 4th quarter worth approximately $141,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Stock Performance

NASDAQ MSFT opened at $433.31 on Wednesday. The company has a fifty day moving average of $386.48 and a two-hundred day moving average of $411.27. The company has a market capitalization of $3.22 trillion, a PE ratio of 34.89, a P/E/G ratio of 2.21 and a beta of 0.99. 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 Co. has a 1 year low of $344.79 and a 1 year high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The company had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same period in the previous year, the business posted $2.94 earnings per share. Microsoft’s quarterly revenue was up 13.3% on a year-over-year basis. As a group, analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.77%. Microsoft’s dividend payout ratio is currently 25.66%.

Insider Buying and Selling at Microsoft

In other news, insider Bradford L. Smith sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the sale, the insider now directly owns 471,036 shares of the company’s stock, valued at $204,038,664.12. This trade represents a 1.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. KeyCorp reiterated a “sector weight” rating on shares of Microsoft in a research report on Thursday, April 17th. Tigress Financial raised their price objective on Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research report on Thursday, May 1st. Barclays boosted their price target on shares of Microsoft from $430.00 to $494.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Finally, Evercore ISI lifted their target price on shares of Microsoft from $435.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $507.77.

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.