Summit Financial Wealth Advisors LLC Has $5.05 Million Stock Position in Microsoft Corporation $MSFT

Summit Financial Wealth Advisors LLC grew its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 15.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,156 shares of the software giant’s stock after buying an additional 1,383 shares during the period. Summit Financial Wealth Advisors LLC’s holdings in Microsoft were worth $5,052,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of MSFT. Longfellow Investment Management Co. LLC lifted its holdings in Microsoft by 51.3% during the second quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant’s stock worth $29,000 after acquiring an additional 20 shares during the period. Bulwark Capital Corp bought a new stake in Microsoft in the second quarter worth about $32,000. Westend Capital Management LLC increased its stake in shares of Microsoft by 386.7% during the 2nd quarter. Westend Capital Management LLC now owns 73 shares of the software giant’s stock worth $36,000 after purchasing an additional 58 shares during the last quarter. LSV Asset Management bought a new stake in shares of Microsoft in the 4th quarter worth approximately $44,000. Finally, University of Illinois Foundation purchased a new position in Microsoft in the second quarter valued at approximately $50,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Microsoft

In other Microsoft news, CEO Judson Althoff sold 12,750 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $491.52, for a total value of $6,266,880.00. Following the completion of the sale, the chief executive officer owned 129,349 shares in the company, valued at approximately $63,577,620.48. This represents a 8.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 38,500 shares of Microsoft stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $518.64, for a total transaction of $19,967,640.00. Following the sale, the insider owned 461,597 shares in the company, valued at approximately $239,402,668.08. The trade was a 7.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 54,100 shares of company stock valued at $27,598,872 over the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MSFT shares. Robert W. Baird started coverage on shares of Microsoft in a research note on Friday, November 14th. They issued an “outperform” rating and a $600.00 target price for the company. KeyCorp reiterated an “overweight” rating on shares of Microsoft in a research note on Thursday, October 30th. Royal Bank Of Canada restated a “buy” rating on shares of Microsoft in a research report on Wednesday, November 19th. Wall Street Zen raised Microsoft from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Finally, Redburn Partners set a $560.00 price target on Microsoft in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $631.03.

Microsoft Stock Performance

Shares of Microsoft stock opened at $476.39 on Wednesday. The business has a fifty day simple moving average of $502.02 and a two-hundred day simple moving average of $502.89. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $555.45. The firm has a market capitalization of $3.54 trillion, a P/E ratio of 33.88, a P/E/G ratio of 1.78 and a beta of 1.07. The company has a current ratio of 1.40, a quick ratio of 1.39 and a debt-to-equity ratio of 0.10.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, October 29th. The software giant reported $4.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.65 by $0.48. The business had revenue of $77.67 billion during the quarter, compared to analysts’ expectations of $75.49 billion. Microsoft had a net margin of 35.71% and a return on equity of 32.45%. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period in the previous year, the company earned $3.30 earnings per share. On average, equities analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, February 19th. Microsoft’s payout ratio is presently 25.89%.

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.