Ullmann Wealth Partners Group LLC Boosts Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Ullmann Wealth Partners Group LLC boosted its position in Microsoft Co. (NASDAQ:MSFT) by 21.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,675 shares of the software giant’s stock after purchasing an additional 1,906 shares during the period. Microsoft comprises approximately 0.7% of Ullmann Wealth Partners Group LLC’s portfolio, making the stock its 23rd biggest holding. Ullmann Wealth Partners Group LLC’s holdings in Microsoft were worth $4,014,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Monumental Financial Group Inc. purchased a new position in Microsoft in the first quarter valued at approximately $28,000. Atlantic Private Wealth LLC lifted its stake in Microsoft by 534.5% in the second quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock valued at $63,000 after purchasing an additional 155 shares during the last quarter. Infrastructure Capital Advisors LLC purchased a new position in Microsoft in the second quarter valued at approximately $601,000. Hibernia Wealth Partners LLC purchased a new position in Microsoft in the third quarter valued at approximately $69,000. Finally, Iron Horse Wealth Management LLC raised its holdings in 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 period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

MSFT has been the topic of a number of analyst reports. Piper Sandler reissued an “overweight” rating and set a $455.00 target price on shares of Microsoft in a report on Thursday, January 25th. DA Davidson reissued a “buy” rating and set a $500.00 target price on shares of Microsoft in a report on Friday, March 15th. Mizuho boosted their target price on shares of Microsoft from $420.00 to $450.00 and gave the company a “buy” rating in a report on Friday, December 15th. Raymond James boosted their target price on shares of Microsoft from $400.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Finally, Wells Fargo & Company boosted their target price on shares of Microsoft from $435.00 to $460.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the company. Based on data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $423.34.

Microsoft Stock Performance

NASDAQ MSFT opened at $420.72 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. The company has a 50-day simple moving average of $410.28 and a two-hundred day simple moving average of $373.98. The firm has a market cap of $3.13 trillion, a price-to-earnings ratio of 38.04, a PEG ratio of 2.24 and a beta of 0.89. Microsoft Co. has a 12-month low of $275.37 and a 12-month high of $430.82.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share 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% on a year-over-year basis. During the same period in the prior year, the business posted $2.32 earnings per share. On average, equities analysts forecast that Microsoft Co. will post 11.63 EPS for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Wednesday, May 15th. Microsoft’s payout ratio is currently 27.12%.

Insider Buying and Selling

In related news, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the transaction, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the completion of the transaction, the insider now owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the transaction, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. Insiders sold a total of 1,070,258 shares of company stock valued at $30,690,456 over the last three months. Corporate insiders own 0.03% of the company’s stock.

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.