Hemington Wealth Management Has $5.50 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Hemington Wealth Management grew its holdings in Microsoft Co. (NASDAQ:MSFT) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,632 shares of the software giant’s stock after purchasing an additional 748 shares during the quarter. Microsoft makes up approximately 2.1% of Hemington Wealth Management’s holdings, making the stock its 9th biggest holding. Hemington Wealth Management’s holdings in Microsoft were worth $5,502,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Iron Horse Wealth Management LLC lifted its stake in Microsoft by 89.0% in the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after buying an additional 105 shares during the period. Authentikos Wealth Advisory LLC acquired a new stake in shares of Microsoft in the 3rd quarter valued at approximately $87,000. Cordant Inc. boosted its stake in Microsoft by 647.8% during the 4th quarter. Cordant Inc. now owns 344 shares of the software giant’s stock worth $129,000 after acquiring an additional 298 shares during the last quarter. Family CFO Inc grew its holdings in Microsoft by 13.6% during the third quarter. Family CFO Inc now owns 359 shares of the software giant’s stock valued at $113,000 after purchasing an additional 43 shares during the period. Finally, Life Planning Partners Inc bought a new stake in Microsoft in the fourth quarter valued at approximately $146,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft 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 transaction, the executive vice president now owns 159,764 shares in the company, valued at approximately $64,538,265.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Microsoft news, insider Bradford L. Smith sold 3,303 shares of the business’s stock in a transaction dated 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 $231,823,855.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 completion of the sale, the executive vice president now owns 159,764 shares in the company, valued at $64,538,265.44. The disclosure for this sale can be found here. Insiders sold 1,025,258 shares of company stock worth $12,160,356 over the last three months. Insiders own 0.03% of the company’s stock.

Microsoft Stock Up 2.2 %

MSFT opened at $406.66 on Friday. Microsoft Co. has a fifty-two week low of $303.40 and a fifty-two week high of $430.82. The company has a market capitalization of $3.02 trillion, a P/E ratio of 35.21, a P/E/G ratio of 2.10 and a beta of 0.89. The stock has a fifty day moving average of $413.68 and a 200-day moving average of $390.05. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24.

Microsoft (NASDAQ:MSFT) last issued its quarterly 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. The company had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. Microsoft’s revenue was up 17.0% on a year-over-year basis. During the same quarter last year, the business earned $2.45 earnings per share. On average, equities analysts expect that Microsoft Co. will post 11.76 EPS for the current year.

Microsoft Dividend Announcement

The company 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 dividend of $0.75 per share. 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%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on MSFT shares. Stifel Nicolaus reissued a “buy” rating and set a $455.00 price target on shares of Microsoft in a research report on Monday, April 22nd. Wells Fargo & Company raised their price target on shares of Microsoft from $480.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Barclays lifted their price target on shares of Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Finally, The Goldman Sachs Group increased their price objective on shares of Microsoft from $450.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Three research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. According to data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target 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.