Resolute Wealth Strategies LLC Has $3.07 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Resolute Wealth Strategies LLC raised its stake in Microsoft Co. (NASDAQ:MSFT) by 3.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,277 shares of the software giant’s stock after purchasing an additional 241 shares during the period. Microsoft makes up approximately 1.6% of Resolute Wealth Strategies LLC’s holdings, making the stock its 20th biggest position. Resolute Wealth Strategies LLC’s holdings in Microsoft were worth $3,067,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of MSFT. Muirfield Wealth Advisors LLC lifted its stake in Microsoft by 0.5% in the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant’s stock valued at $1,866,000 after buying an additional 24 shares during the period. Retirement Financial Solutions LLC boosted its stake in Microsoft by 2.3% during the 4th quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant’s stock worth $443,000 after acquiring an additional 24 shares during the last quarter. Sequent Asset Management LLC grew its holdings in Microsoft by 1.3% during the third quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock valued at $853,000 after purchasing an additional 25 shares during the period. Cypress Point Wealth Management LLC increased its stake in Microsoft by 0.8% in the third quarter. Cypress Point Wealth Management LLC now owns 3,208 shares of the software giant’s stock valued at $1,380,000 after purchasing an additional 25 shares in the last quarter. Finally, Riverstone Advisors LLC raised its holdings in Microsoft by 0.6% in the third quarter. Riverstone Advisors LLC now owns 4,510 shares of the software giant’s stock worth $1,941,000 after purchasing an additional 25 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MSFT. Guggenheim restated a “neutral” rating on shares of Microsoft in a research report on Thursday, May 1st. StockNews.com raised Microsoft from a “hold” rating to a “buy” rating in a research report on Monday, May 5th. Cantor Fitzgerald boosted their price objective on Microsoft from $502.00 to $512.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Jefferies Financial Group raised their target price on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Finally, DA Davidson increased their price objective on shares of Microsoft from $450.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $507.77.

Insider Activity

In other Microsoft news, insider Bradford L. Smith sold 75,000 shares of the company’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $436.05, for a total value of $32,703,750.00. Following the completion of the transaction, the insider now owns 476,999 shares of the company’s stock, valued at $207,995,413.95. This represents a 13.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is owned by corporate insiders.

Microsoft Trading Up 0.1 %

Shares of MSFT opened at $438.73 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $468.35. The firm has a market cap of $3.26 trillion, a price-to-earnings ratio of 35.32, a PEG ratio of 2.21 and a beta of 0.99. The business’s fifty day moving average is $389.19 and its 200-day moving average is $411.74.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The firm had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter in the previous year, the firm earned $2.94 earnings per share. The business’s quarterly revenue was up 13.3% on a year-over-year basis. Equities analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.76%. Microsoft’s dividend payout ratio (DPR) is presently 25.66%.

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.