Financial Network Wealth Management LLC Has $14.18 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Financial Network Wealth Management LLC lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 33,651 shares of the software giant’s stock after selling 258 shares during the period. Microsoft accounts for 5.1% of Financial Network Wealth Management LLC’s holdings, making the stock its 6th largest position. Financial Network Wealth Management LLC’s holdings in Microsoft were worth $14,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Fiduciary Advisors Inc. bought a new position in shares of Microsoft during the 4th quarter worth approximately $38,000. IFS Advisors LLC lifted its position in shares of Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after buying an additional 35 shares during the period. Avondale Wealth Management lifted its position in shares of Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after buying an additional 65 shares during the period. Fairway Wealth LLC bought a new position in shares of Microsoft during the 4th quarter worth approximately $62,000. Finally, Kieckhefer Group LLC bought a new position in shares of Microsoft during the 4th quarter worth approximately $141,000. Institutional investors own 71.13% of the company’s stock.

Insider Activity

In other news, EVP Kathleen T. Hogan sold 21,500 shares of the business’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the sale, the executive vice president now directly owns 134,888 shares in the company, valued at $61,208,127.76. The trade was a 13.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Amy Coleman sold 13,243 shares of the company’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the sale, the executive vice president now owns 43,100 shares in the company, valued at $19,481,631. The trade was a 23.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,743 shares of company stock worth $58,375,673 over the last three months. Corporate insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MSFT shares. TD Securities raised their price target on Microsoft from $475.00 to $490.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Citigroup raised their price target on Microsoft from $480.00 to $540.00 and gave the company a “buy” rating in a report on Thursday, May 15th. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a report on Thursday, May 1st. BMO Capital Markets reaffirmed an “outperform” rating on shares of Microsoft in a report on Wednesday, May 21st. Finally, Barclays raised their price target on Microsoft from $430.00 to $494.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $513.13.

Microsoft Stock Up 2.3%

NASDAQ:MSFT opened at $460.69 on Wednesday. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.42 trillion, a price-to-earnings ratio of 37.09, a PEG ratio of 2.21 and a beta of 0.99. The stock has a 50-day moving average price of $405.09 and a two-hundred day moving average price of $414.29.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. The firm had revenue of $70.07 billion during the quarter, compared to analysts’ expectations of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The company’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.94 earnings per share. As a group, equities analysts expect that Microsoft Co. will post 13.08 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 12th. Stockholders of record on Thursday, May 15th will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.72%. Microsoft’s dividend payout ratio (DPR) is 25.66%.

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.