Microsoft Co. (NASDAQ:MSFT) Stock Holdings Reduced by Stone Point Wealth LLC

Stone Point Wealth LLC reduced its position in Microsoft Co. (NASDAQ:MSFT) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,035 shares of the software giant’s stock after selling 363 shares during the quarter. Microsoft makes up about 8.9% of Stone Point Wealth LLC’s holdings, making the stock its largest position. Stone Point Wealth LLC’s holdings in Microsoft were worth $23,327,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in MSFT. Lodestone Wealth Management LLC lifted its stake in shares of Microsoft by 0.5% during the 3rd quarter. Lodestone Wealth Management LLC now owns 14,103 shares of the software giant’s stock valued at $4,453,000 after buying an additional 68 shares in the last quarter. McBroom & Associates LLC lifted its position in shares of Microsoft by 3.3% during the third quarter. McBroom & Associates LLC now owns 19,769 shares of the software giant’s stock worth $6,242,000 after acquiring an additional 623 shares in the last quarter. Community Trust & Investment Co. grew its position in shares of Microsoft by 4.6% in the third quarter. Community Trust & Investment Co. now owns 213,733 shares of the software giant’s stock valued at $67,486,000 after purchasing an additional 9,478 shares in the last quarter. Traynor Capital Management Inc. raised its stake in shares of Microsoft by 0.6% during the 3rd quarter. Traynor Capital Management Inc. now owns 39,602 shares of the software giant’s stock valued at $12,504,000 after purchasing an additional 245 shares during the period. Finally, Essex LLC lifted its holdings in Microsoft by 3.5% during the 3rd quarter. Essex LLC now owns 17,626 shares of the software giant’s stock worth $5,565,000 after purchasing an additional 592 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Insider Activity at Microsoft

In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the 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 owns 159,764 shares in the company, valued at $64,538,265.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Microsoft news, insider Bradford L. Smith sold 3,303 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $406.12, for a total value of $1,341,414.36. Following the sale, the insider now owns 570,826 shares in the company, valued at $231,823,855.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft 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 owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The disclosure for this sale can be found here. Insiders have sold 1,025,258 shares of company stock worth $12,160,356 over the last ninety days. 0.03% of the stock is owned by corporate insiders.

Microsoft Price Performance

Shares of Microsoft stock opened at $406.66 on Friday. 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 business has a 50 day moving average of $413.68 and a 200 day moving average of $390.05. The company has a market cap of $3.02 trillion, a PE ratio of 35.21, a P/E/G ratio of 2.10 and a beta of 0.89. Microsoft Co. has a 52 week low of $303.40 and a 52 week high of $430.82.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, beating 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 firm had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. During the same quarter in the previous year, the firm posted $2.45 EPS. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. As a group, equities research analysts forecast that Microsoft Co. will post 11.76 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently announced 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 0.74%. The ex-dividend date is Wednesday, May 15th. Microsoft’s payout ratio is presently 25.97%.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several analyst reports. Morgan Stanley upped their price target on Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Sanford C. Bernstein upped their target price on shares of Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. The Goldman Sachs Group raised their price target on shares of Microsoft from $450.00 to $515.00 and gave the company a “buy” rating in a report on Friday, April 26th. BNP Paribas raised shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price target on the stock in a report on Thursday, January 18th. Finally, Piper Sandler reissued an “overweight” rating and set a $465.00 price objective (up previously from $455.00) on shares of Microsoft in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. According to data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and an average target price of $452.61.

Microsoft Company 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.