Straight Path Wealth Management Acquires 137 Shares of Microsoft Co. (NASDAQ:MSFT)

Straight Path Wealth Management boosted its position in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 22.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 746 shares of the software giant’s stock after buying an additional 137 shares during the quarter. Straight Path Wealth Management’s holdings in Microsoft were worth $236,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Monumental Financial Group Inc. acquired a new stake in Microsoft during the first quarter valued at $28,000. Atlantic Private Wealth LLC grew its position in Microsoft by 534.5% during the second quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock valued at $63,000 after buying an additional 155 shares during the period. Infrastructure Capital Advisors LLC purchased a new position in Microsoft during the second quarter valued at $601,000. Hibernia Wealth Partners LLC purchased a new position in Microsoft during the third quarter valued at $69,000. Finally, Iron Horse Wealth Management LLC lifted its holdings in Microsoft by 89.0% during the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after purchasing an additional 105 shares in the last quarter. Institutional investors and hedge funds own 69.20% of the company’s stock.

Insider Buying and Selling

In related news, EVP Kathleen T. Hogan sold 24,681 shares of Microsoft stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $369.00, for a total value of $9,107,289.00. Following the completion of the transaction, the executive vice president now owns 183,761 shares in the company, valued at $67,807,809. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Kathleen T. Hogan sold 24,681 shares of Microsoft stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $369.00, for a total value of $9,107,289.00. Following the completion of the transaction, the executive vice president now owns 183,761 shares in the company, valued at $67,807,809. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bradford L. Smith sold 3,303 shares of Microsoft stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the completion of the transaction, the insider now owns 570,826 shares of the company’s stock, valued at approximately $231,823,855.12. The disclosure for this sale can be found here. Insiders sold 72,984 shares of company stock worth $28,978,803 over the last 90 days. 0.03% of the stock is owned by insiders.

Microsoft Trading Down 1.3 %

Shares of MSFT stock opened at $415.26 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.22. The stock has a market capitalization of $3.09 trillion, a P/E ratio of 37.55, a price-to-earnings-growth ratio of 2.24 and a beta of 0.90. The company has a 50 day moving average price of $386.31 and a 200 day moving average price of $354.90. Microsoft Co. has a fifty-two week low of $245.61 and a fifty-two week high of $420.82.

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

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Investors 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 yield of 0.72%. Microsoft’s dividend payout ratio is currently 27.12%.

Wall Street Analyst Weigh In

MSFT has been the topic of several recent analyst reports. Loop Capital initiated coverage on shares of Microsoft in a report on Tuesday, October 17th. They set a “buy” rating and a $425.00 price objective on the stock. Rosenblatt Securities increased their price objective on shares of Microsoft from $370.00 to $375.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Evercore ISI reaffirmed an “outperform” rating and set a $432.00 price objective on shares of Microsoft in a report on Monday, November 20th. Barclays raised their price target on shares of Microsoft from $421.00 to $475.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Finally, Piper Sandler reissued an “overweight” rating and issued a $455.00 price target on shares of Microsoft in a research note on Thursday, January 25th. Four investment analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $411.06.

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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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