RKL Wealth Management LLC Has $14.83 Million Stake in Microsoft Co. (NASDAQ:MSFT)

RKL Wealth Management LLC lifted its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 61,841 shares of the software giant’s stock after acquiring an additional 331 shares during the period. Microsoft comprises 2.0% of RKL Wealth Management LLC’s investment portfolio, making the stock its 12th largest holding. RKL Wealth Management LLC’s holdings in Microsoft were worth $14,831,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in Microsoft by 1.0% during the third quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock worth $147,714,197,000 after acquiring an additional 6,129,708 shares in the last quarter. State Street Corp increased its stake in shares of Microsoft by 0.7% in the third quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock valued at $68,824,173,000 after buying an additional 1,951,554 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Microsoft by 0.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock valued at $50,302,677,000 after buying an additional 556,020 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Microsoft by 0.4% in the third quarter. Alliancebernstein L.P. now owns 49,440,386 shares of the software giant’s stock valued at $11,514,665,000 after buying an additional 208,765 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Microsoft by 0.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 40,345,546 shares of the software giant’s stock valued at $9,396,477,000 after buying an additional 215,103 shares in the last quarter. 69.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on MSFT shares. Citigroup raised their target price on Microsoft from $332.00 to $340.00 in a research note on Wednesday, April 26th. TD Cowen boosted their price objective on Microsoft from $300.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, April 26th. Rosenblatt Securities boosted their price objective on Microsoft from $275.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. Atlantic Securities boosted their price objective on Microsoft from $290.00 to $330.00 and gave the stock an “overweight” rating in a report on Wednesday, April 26th. Finally, BMO Capital Markets raised Microsoft from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $325.00 to $347.00 in a report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-two have issued a buy rating to the company. According to data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average price target of $323.28.

Insider Transactions at Microsoft

In other Microsoft news, CEO Satya Nadella sold 4,767 shares of Microsoft stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total value of $1,186,410.96. Following the completion of the sale, the chief executive officer now directly owns 788,625 shares in the company, valued at $196,272,990. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Judson Althoff sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $306.09, for a total transaction of $9,182,700.00. Following the completion of the sale, the executive vice president now owns 117,456 shares in the company, valued at $35,952,107.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Satya Nadella sold 4,767 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total value of $1,186,410.96. Following the sale, the chief executive officer now owns 788,625 shares of the company’s stock, valued at approximately $196,272,990. The disclosure for this sale can be found here. Insiders sold 54,848 shares of company stock worth $16,635,227 over the last ninety days. 0.03% of the stock is owned by insiders.

Microsoft Stock Performance

MSFT opened at $315.26 on Wednesday. The firm has a market cap of $2.34 trillion, a P/E ratio of 34.16, a price-to-earnings-growth ratio of 2.83 and a beta of 0.93. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $322.72. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.88 and a current ratio of 1.91. The business’s fifty day moving average is $293.30 and its 200-day moving average is $263.09.

Microsoft (NASDAQ:MSFT – Get Rating) last released its quarterly earnings data on Tuesday, April 25th. The software giant reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.23. The business had revenue of $52.86 billion for the quarter, compared to analyst estimates of $51.01 billion. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. Microsoft’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $2.22 earnings per share. Sell-side analysts expect that Microsoft Co. will post 9.66 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Stockholders of record on Thursday, May 18th will be given a dividend of $0.68 per share. The ex-dividend date is Wednesday, May 17th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.86%. Microsoft’s dividend payout ratio (DPR) is 29.47%.

Microsoft Profile

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.