Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Destiny Wealth Partners LLC

Destiny Wealth Partners LLC boosted its stake in Microsoft Co. (NASDAQ:MSFT) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,719 shares of the software giant’s stock after buying an additional 207 shares during the period. Microsoft accounts for approximately 2.1% of Destiny Wealth Partners LLC’s investment portfolio, making the stock its 11th largest holding. Destiny Wealth Partners LLC’s holdings in Microsoft were worth $10,935,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MSFT. Monumental Financial Group Inc. acquired a new stake in Microsoft in the first quarter worth $28,000. Atlantic Private Wealth LLC increased its position in 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 buying an additional 155 shares during the period. Hibernia Wealth Partners LLC acquired a new stake in Microsoft in the third quarter worth $69,000. Iron Horse Wealth Management LLC increased its position in Microsoft by 89.0% in the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after buying an additional 105 shares during the period. Finally, MayTech Global Investments LLC acquired a new stake in Microsoft in the fourth quarter worth $83,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Bradford L. Smith sold 3,303 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $406.12, for a total value of $1,341,414.36. Following the completion of the sale, the insider now directly owns 570,826 shares of the company’s stock, valued at approximately $231,823,855.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other 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 completion of the sale, the insider now directly owns 574,129 shares of the company’s stock, valued at approximately $236,414,839.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bradford L. Smith sold 3,303 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $406.12, for a total value of $1,341,414.36. Following the sale, the insider now directly owns 570,826 shares of the company’s stock, valued at $231,823,855.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,070,258 shares of company stock valued at $30,690,456. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Down 2.0 %

Shares of Microsoft stock opened at $413.64 on Tuesday. The stock has a 50-day moving average price of $415.35 and a 200 day moving average price of $383.26. The company has a market cap of $3.07 trillion, a P/E ratio of 37.40, a P/E/G ratio of 2.25 and a beta of 0.89. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. Microsoft Co. has a 1 year low of $275.37 and a 1 year high of $430.82.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.17. The firm had revenue of $62.02 billion during the quarter, compared to the consensus estimate of $61.14 billion. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The business’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 earned $2.32 EPS. As a group, analysts expect that Microsoft Co. will post 11.61 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 0.73%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio is currently 27.12%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MSFT. Morgan Stanley raised their price target on Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Barclays raised their price target on Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. UBS Group reissued a “buy” rating and set a $480.00 price target on shares of Microsoft in a report on Wednesday, April 10th. Piper Sandler reissued an “overweight” rating and set a $455.00 price target on shares of Microsoft in a report on Thursday, January 25th. Finally, Macquarie raised their price target on Microsoft from $430.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $430.52.

About Microsoft

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.