Traveka Wealth LLC Invests $5.29 Million in Microsoft Co. (NASDAQ:MSFT)

Traveka Wealth LLC bought a new position in shares of Microsoft Co. (NASDAQ:MSFT) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 14,077 shares of the software giant’s stock, valued at approximately $5,294,000. Microsoft comprises about 2.7% of Traveka Wealth LLC’s portfolio, making the stock its 8th biggest holding.

A number of other institutional investors have also made changes to their positions in MSFT. Sicart Associates LLC boosted its stake in Microsoft by 2.9% in the fourth quarter. Sicart Associates LLC now owns 926 shares of the software giant’s stock valued at $348,000 after buying an additional 26 shares in the last quarter. Mayfair Advisory Group LLC boosted its stake in Microsoft by 0.7% in the fourth quarter. Mayfair Advisory Group LLC now owns 3,866 shares of the software giant’s stock valued at $1,434,000 after buying an additional 27 shares in the last quarter. O Connor Financial Group LLC boosted its stake in Microsoft by 1.4% in the third quarter. O Connor Financial Group LLC now owns 2,191 shares of the software giant’s stock valued at $692,000 after buying an additional 31 shares in the last quarter. Navis Wealth Advisors LLC boosted its stake in Microsoft by 2.1% in the third quarter. Navis Wealth Advisors LLC now owns 1,507 shares of the software giant’s stock valued at $476,000 after buying an additional 31 shares in the last quarter. Finally, Kaizen Financial Strategies boosted its stake in shares of Microsoft by 0.4% during the fourth quarter. Kaizen Financial Strategies now owns 7,807 shares of the software giant’s stock valued at $2,936,000 after purchasing an additional 31 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total value of $1,950,000.00. Following the transaction, the insider now owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total value of $1,950,000.00. Following the transaction, the insider now owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction on Monday, March 11th. The stock was 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 in the company, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,070,258 shares of company stock valued at $30,690,456. Insiders own 0.03% of the company’s stock.

Microsoft Trading Up 1.8 %

Shares of Microsoft stock opened at $406.32 on Friday. The stock has a fifty day simple moving average of $414.48 and a 200 day simple moving average of $388.12. Microsoft Co. has a 12-month low of $295.25 and a 12-month high of $430.82. The company has a market capitalization of $3.02 trillion, a P/E ratio of 35.18, a price-to-earnings-growth ratio of 2.16 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 (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.13. Microsoft had a return on equity of 38.87% and a net margin of 36.43%. The business had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. During the same quarter in the prior year, the company posted $2.45 earnings per share. Microsoft’s revenue was up 17.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Microsoft Co. will post 11.61 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be given a $0.75 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 annualized dividend and a yield of 0.74%. Microsoft’s dividend payout ratio is currently 25.97%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MSFT. Royal Bank of Canada lifted their price target on Microsoft from $415.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Stifel Nicolaus reissued a “buy” rating and set a $455.00 price target on shares of Microsoft in a research note on Monday, April 22nd. Truist Financial reissued a “buy” rating and set a $600.00 price target on shares of Microsoft in a research note on Monday, March 25th. BNP Paribas raised Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price target on the stock in a research note on Thursday, January 18th. Finally, KeyCorp assumed coverage on Microsoft in a research note on Thursday, March 21st. They set an “overweight” rating and a $490.00 price target on the stock. Three analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $452.61.

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.