Microsoft Co. (NASDAQ:MSFT) is Cherry Creek Investment Advisors Inc.’s Largest Position

Cherry Creek Investment Advisors Inc. lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,390 shares of the software giant’s stock after selling 272 shares during the period. Microsoft makes up about 6.7% of Cherry Creek Investment Advisors Inc.’s portfolio, making the stock its biggest position. Cherry Creek Investment Advisors Inc.’s holdings in Microsoft were worth $11,428,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Iron Horse Wealth Management LLC increased its holdings in Microsoft by 89.0% in the 3rd 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. Authentikos Wealth Advisory LLC acquired a new stake in shares of Microsoft in the third quarter worth $87,000. Family CFO Inc raised its holdings in shares of Microsoft by 13.6% during the third quarter. Family CFO Inc now owns 359 shares of the software giant’s stock worth $113,000 after purchasing an additional 43 shares during the last quarter. Cordant Inc. lifted its position in Microsoft by 647.8% during the fourth quarter. Cordant Inc. now owns 344 shares of the software giant’s stock valued at $129,000 after purchasing an additional 298 shares during the period. Finally, Life Planning Partners Inc purchased a new stake in Microsoft in the fourth quarter valued at $146,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In related news, 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 sale, the executive vice president now owns 159,764 shares in the company, valued at approximately $64,538,265.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, 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 value of $1,950,000.00. Following the completion of the transaction, the insider now owns 11,677,398 shares in the company, valued at $22,770,926.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following 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. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

NASDAQ MSFT opened at $406.66 on Monday. The stock has a fifty day simple moving average of $413.68 and a 200-day simple moving average of $390.88. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. The stock has a market cap of $3.02 trillion, a PE ratio of 35.21, a P/E/G ratio of 2.15 and a beta of 0.89. Microsoft Co. has a twelve month low of $303.40 and a twelve month high of $430.82.

Microsoft (NASDAQ:MSFT) last announced its quarterly 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 business had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. During the same period last year, the business earned $2.45 earnings per share. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. Equities analysts anticipate that Microsoft Co. will post 11.76 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is 25.97%.

Wall Street Analyst Weigh In

MSFT has been the subject of several analyst reports. Barclays boosted their price objective on Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. DA Davidson restated a “buy” rating and issued a $500.00 price objective on shares of Microsoft in a research report on Friday, March 15th. UBS Group reaffirmed a “buy” rating and set a $480.00 target price on shares of Microsoft in a report on Wednesday, April 10th. Evercore ISI increased their price target on shares of Microsoft from $475.00 to $485.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. According to data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and an average price target of $452.61.

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.