Inlet Private Wealth LLC Has $12.53 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Inlet Private Wealth LLC trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 4.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,676 shares of the software giant’s stock after selling 1,958 shares during the quarter. Microsoft makes up about 4.1% of Inlet Private Wealth LLC’s investment portfolio, making the stock its 2nd largest holding. Inlet Private Wealth LLC’s holdings in Microsoft were worth $12,528,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MSFT. Monumental Financial Group Inc. bought a new position in shares of Microsoft in the first quarter worth approximately $28,000. Atlantic Private Wealth LLC increased its holdings in shares of Microsoft by 534.5% in the second quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock worth $63,000 after purchasing an additional 155 shares during the last quarter. Infrastructure Capital Advisors LLC purchased a new stake in shares of Microsoft during the 2nd quarter worth approximately $601,000. Hibernia Wealth Partners LLC bought a new position in shares of Microsoft during the 3rd quarter valued at approximately $69,000. Finally, Iron Horse Wealth Management LLC boosted its position in shares of Microsoft by 89.0% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after acquiring an additional 105 shares during the last quarter. 69.20% of the stock is currently owned by institutional investors.

Insider Transactions at Microsoft

In other news, insider Bradford L. Smith sold 45,000 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $411.78, for a total value of $18,530,100.00. Following the sale, the insider now owns 574,129 shares in the company, valued at $236,414,839.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Bradford L. Smith sold 45,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the sale, the insider now directly owns 574,129 shares of the company’s stock, valued at $236,414,839.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Kathleen T. Hogan sold 24,681 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $369.00, for a total value of $9,107,289.00. Following the sale, the executive vice president now directly owns 183,761 shares in the company, valued at $67,807,809. The disclosure for this sale can be found here. Insiders have sold 72,984 shares of company stock worth $28,978,803 over the last 90 days. 0.03% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on MSFT. Piper Sandler reaffirmed an “overweight” rating and issued a $455.00 price target on shares of Microsoft in a report on Thursday, January 25th. Royal Bank of Canada lifted their target price on Microsoft from $415.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Barclays lifted their target price on Microsoft from $421.00 to $475.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Citigroup lifted their price target on shares of Microsoft from $430.00 to $432.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Macquarie lifted their price target on shares of Microsoft from $430.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $411.06.

Get Our Latest Stock Analysis on MSFT

Microsoft Stock Up 1.6 %

Shares of MSFT stock opened at $420.55 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.22. Microsoft Co. has a fifty-two week low of $245.61 and a fifty-two week high of $420.82. The firm has a market capitalization of $3.12 trillion, a PE ratio of 38.02, a P/E/G ratio of 2.21 and a beta of 0.90. The stock’s 50-day simple moving average is $385.39 and its 200-day simple moving average is $354.17.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.76 by $0.17. The company had revenue of $62.02 billion during the quarter, compared to analyst estimates of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. Microsoft’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period last year, the firm posted $2.32 EPS. Equities analysts expect that Microsoft Co. will post 11.6 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Thursday, February 15th will be paid a $0.75 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.71%. Microsoft’s payout ratio is currently 27.12%.

About Microsoft

(Free Report)

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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