Redwood Wealth Management Group LLC Has $4.34 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Redwood Wealth Management Group LLC grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,534 shares of the software giant’s stock after acquiring an additional 95 shares during the period. Microsoft comprises approximately 4.8% of Redwood Wealth Management Group LLC’s holdings, making the stock its largest position. Redwood Wealth Management Group LLC’s holdings in Microsoft were worth $4,337,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of MSFT. Sicart Associates LLC grew its holdings in Microsoft by 2.9% during the 4th quarter. Sicart Associates LLC now owns 926 shares of the software giant’s stock valued at $348,000 after purchasing an additional 26 shares during the last quarter. Capital Wealth Management LLC grew its holdings in Microsoft by 1.7% during the 4th quarter. Capital Wealth Management LLC now owns 1,592 shares of the software giant’s stock valued at $599,000 after purchasing an additional 26 shares during the last quarter. Mayfair Advisory Group LLC grew its holdings in Microsoft by 0.7% during the 4th quarter. Mayfair Advisory Group LLC now owns 3,866 shares of the software giant’s stock valued at $1,434,000 after purchasing an additional 27 shares during the last quarter. Triton Wealth Management PLLC grew its holdings in Microsoft by 0.5% during the 4th quarter. Triton Wealth Management PLLC now owns 5,864 shares of the software giant’s stock valued at $2,167,000 after purchasing an additional 28 shares during the last quarter. Finally, O Connor Financial Group LLC grew its holdings in Microsoft by 1.4% during the 3rd quarter. O Connor Financial Group LLC now owns 2,191 shares of the software giant’s stock valued at $692,000 after purchasing an additional 31 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 1.4 %

Shares of NASDAQ MSFT opened at $394.94 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. The company’s 50-day simple moving average is $414.03 and its 200-day simple moving average is $389.48. Microsoft Co. has a 52-week low of $303.40 and a 52-week high of $430.82. The firm has a market cap of $2.94 trillion, a price-to-earnings ratio of 34.19, a price-to-earnings-growth ratio of 2.13 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The company had revenue of $61.86 billion for the quarter, compared to the consensus estimate of $60.86 billion. During the same period in the previous year, the firm earned $2.45 earnings per share. Microsoft’s quarterly revenue was up 17.0% compared to the same quarter last year. Equities analysts predict that Microsoft Co. will post 11.75 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders 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 dividend yield of 0.76%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is 25.97%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MSFT shares. DA Davidson reissued a “buy” rating and set a $500.00 target price on shares of Microsoft in a research report on Friday, March 15th. Macquarie increased their target price on shares of Microsoft from $430.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. UBS Group reissued a “buy” rating and set a $480.00 target price on shares of Microsoft in a research report on Wednesday, April 10th. Piper Sandler reaffirmed an “overweight” rating and issued a $465.00 price target (up previously from $455.00) on shares of Microsoft in a report on Friday, April 26th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $600.00 price target on shares of Microsoft in a report on Monday, March 25th. Three analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $452.61.

Insider Activity

In other news, EVP Kathleen T. Hogan sold 21,955 shares of the business’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 value of $8,868,941.80. Following the sale, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Kathleen T. Hogan sold 21,955 shares of the business’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 value of $8,868,941.80. Following the sale, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft 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 approximately $22,770,926.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,070,258 shares of company stock valued at $30,690,456. Company 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.