Silverlake Wealth Management LLC Raises Holdings in Microsoft Corporation $MSFT

Silverlake Wealth Management LLC grew its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 6.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,779 shares of the software giant’s stock after purchasing an additional 3,024 shares during the quarter. Microsoft makes up 7.1% of Silverlake Wealth Management LLC’s portfolio, making the stock its largest holding. Silverlake Wealth Management LLC’s holdings in Microsoft were worth $24,263,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in MSFT. Wellington Capital Management Inc. purchased a new position in Microsoft in the second quarter valued at about $9,941,000. Sound View Wealth Advisors Group LLC lifted its holdings in shares of Microsoft by 2.6% during the 2nd quarter. Sound View Wealth Advisors Group LLC now owns 94,120 shares of the software giant’s stock valued at $46,816,000 after buying an additional 2,373 shares during the last quarter. Real Talk Capital LLC lifted its holdings in shares of Microsoft by 1.6% during the 1st quarter. Real Talk Capital LLC now owns 2,290 shares of the software giant’s stock valued at $860,000 after buying an additional 37 shares during the last quarter. Bank Pictet & Cie Europe AG grew its stake in shares of Microsoft by 3.8% in the 2nd quarter. Bank Pictet & Cie Europe AG now owns 922,524 shares of the software giant’s stock valued at $457,119,000 after buying an additional 33,382 shares in the last quarter. Finally, Modern Wealth Management LLC increased its holdings in Microsoft by 39.3% in the first quarter. Modern Wealth Management LLC now owns 144,852 shares of the software giant’s stock worth $54,376,000 after buying an additional 40,860 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Insider Activity at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 38,500 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $518.64, for a total value of $19,967,640.00. Following the completion of the sale, the insider directly owned 461,597 shares of the company’s stock, valued at $239,402,668.08. This represents a 7.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Takeshi Numoto sold 2,850 shares of Microsoft stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $478.72, for a total transaction of $1,364,352.00. Following the sale, the executive vice president owned 55,782 shares in the company, valued at $26,703,959.04. This represents a 4.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 54,100 shares of company stock worth $27,598,872 in the last ninety days. 0.03% of the stock is currently owned by insiders.

Microsoft Trading Down 0.8%

Shares of NASDAQ:MSFT opened at $474.82 on Tuesday. The company has a market cap of $3.53 trillion, a P/E ratio of 33.77, a P/E/G ratio of 1.79 and a beta of 1.07. The stock’s 50-day moving average is $502.98 and its 200-day moving average is $502.77. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $555.45. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.39 and a current ratio of 1.40.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, October 29th. The software giant reported $4.13 earnings per share for the quarter, topping the consensus estimate of $3.65 by $0.48. The business had revenue of $77.67 billion during the quarter, compared to analysts’ expectations of $75.49 billion. Microsoft had a return on equity of 32.45% and a net margin of 35.71%.The firm’s revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.30 EPS. Equities research analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, February 19th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $3.64 dividend on an annualized basis and a yield of 0.8%. Microsoft’s payout ratio is 25.89%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Rothschild & Co Redburn reiterated a “neutral” rating and issued a $500.00 target price (down from $560.00) on shares of Microsoft in a research note on Tuesday, November 18th. Cantor Fitzgerald set a $639.00 price objective on shares of Microsoft in a research note on Thursday, October 30th. Evercore ISI set a $640.00 price objective on shares of Microsoft in a report on Thursday, October 30th. Guggenheim set a $675.00 target price on Microsoft in a report on Wednesday, November 19th. Finally, Baird R W raised Microsoft to a “strong-buy” rating in a research report on Friday, November 14th. Two analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $631.03.

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.