Royal Capital Wealth Management LLC Has $8.81 Million Stake in Microsoft Corporation (NASDAQ:MSFT)

Royal Capital Wealth Management LLC cut its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 20,908 shares of the software giant’s stock after selling 77 shares during the period. Microsoft comprises 6.2% of Royal Capital Wealth Management LLC’s portfolio, making the stock its 3rd biggest holding. Royal Capital Wealth Management LLC’s holdings in Microsoft were worth $8,813,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. WFA Asset Management Corp lifted its position in Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after buying an additional 216 shares during the period. Ironwood Wealth Management LLC. raised its position in shares of Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after buying an additional 38 shares in the last quarter. Discipline Wealth Solutions LLC lifted its position in Microsoft by 410.4% in the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock worth $1,144,000 after buying an additional 2,138 shares during the last quarter. Collective Family Office LLC grew its stake in Microsoft by 0.9% in the 4th quarter. Collective Family Office LLC now owns 7,332 shares of the software giant’s stock worth $3,090,000 after acquiring an additional 62 shares in the last quarter. Finally, Fulton Bank N.A. boosted its position in Microsoft by 0.5% during the 4th quarter. Fulton Bank N.A. now owns 117,366 shares of the software giant’s stock valued at $49,470,000 after acquiring an additional 596 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling

In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of Microsoft stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the transaction, the insider now owns 471,036 shares of the company’s stock, valued at approximately $204,038,664.12. The trade was a 1.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Judson Althoff sold 16,000 shares of the firm’s stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the transaction, the executive vice president now directly owns 98,010 shares of the company’s stock, valued at $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock worth $60,224,683 in the last quarter. Insiders own 0.03% of the company’s stock.

Microsoft Stock Down 0.2%

NASDAQ:MSFT opened at $478.04 on Wednesday. The business’s fifty day moving average price is $432.29 and its 200 day moving average price is $419.32. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $480.69. The firm has a market capitalization of $3.55 trillion, a price-to-earnings ratio of 36.94, a PEG ratio of 2.44 and a beta of 1.03. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.24. The company had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The business’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.94 EPS. On average, sell-side analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.69%. Microsoft’s payout ratio is 25.66%.

Analysts Set New Price Targets

A number of research analysts have issued reports on MSFT shares. TD Securities raised their price target on shares of Microsoft from $475.00 to $490.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Cantor Fitzgerald raised their target price on shares of Microsoft from $502.00 to $512.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. KeyCorp reissued a “sector weight” rating on shares of Microsoft in a report on Thursday, April 17th. Barclays increased their target price on Microsoft from $430.00 to $494.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Finally, Evercore ISI set a $515.00 target price on shares of Microsoft and gave the stock an “outperform” rating in a research report on Wednesday, May 21st. Five research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $515.68.

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.