VCI Wealth Management LLC Purchases New Stake in Microsoft Co. (NASDAQ:MSFT)

VCI Wealth Management LLC acquired a new position in shares of Microsoft Co. (NASDAQ:MSFT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,807 shares of the software giant’s stock, valued at approximately $2,184,000. Microsoft comprises approximately 1.3% of VCI Wealth Management LLC’s holdings, making the stock its 21st largest holding.

Several other large investors also recently added to or reduced their stakes in the stock. Morris Financial Concepts Inc. grew its holdings in Microsoft by 0.9% during the 4th quarter. Morris Financial Concepts Inc. now owns 2,663 shares of the software giant’s stock worth $1,001,000 after acquiring an additional 25 shares in the last quarter. Sicart Associates LLC grew its stake in shares of Microsoft by 2.9% during the fourth quarter. Sicart Associates LLC now owns 926 shares of the software giant’s stock worth $348,000 after purchasing an additional 26 shares in the last quarter. Capital Wealth Management LLC increased its holdings in Microsoft by 1.7% in the fourth quarter. Capital Wealth Management LLC now owns 1,592 shares of the software giant’s stock valued at $599,000 after buying an additional 26 shares during the last quarter. Mayfair Advisory Group LLC raised 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. Finally, Marmo Financial Group LLC lifted its holdings in Microsoft by 2.8% during the 4th quarter. Marmo Financial Group LLC now owns 987 shares of the software giant’s stock worth $371,000 after buying an additional 27 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Trading Up 0.7 %

Shares of Microsoft stock opened at $430.16 on Monday. The stock has a market cap of $3.20 trillion, a PE ratio of 37.24, a price-to-earnings-growth ratio of 2.27 and a beta of 0.89. 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 company has a 50-day moving average of $416.36 and a two-hundred day moving average of $399.18. Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $433.60.

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 return on equity of 37.54% and a net margin of 36.43%. The business had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. During the same quarter last year, the business posted $2.45 earnings per share. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. On average, research analysts anticipate that Microsoft Co. will post 11.77 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. Shareholders of record on Thursday, May 16th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s payout ratio is 25.97%.

Insider Buying and Selling

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the sale, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 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 approximately $64,538,265.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the sale, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Barclays increased 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. UBS Group reiterated a “buy” rating and issued a $480.00 price target on shares of Microsoft in a research note on Wednesday, April 10th. KeyCorp initiated coverage on shares of Microsoft in a research report on Thursday, March 21st. They set an “overweight” rating and a $490.00 price objective for the company. Jefferies Financial Group increased their target price on shares of Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Finally, BMO Capital Markets boosted their price target on shares of Microsoft from $455.00 to $465.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. Three analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $454.70.

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.