Massachusetts Wealth Management Has $3.57 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Massachusetts Wealth Management boosted its stake in Microsoft Co. (NASDAQ:MSFT) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,495 shares of the software giant’s stock after purchasing an additional 242 shares during the period. Microsoft comprises about 2.9% of Massachusetts Wealth Management’s holdings, making the stock its 6th largest holding. Massachusetts Wealth Management’s holdings in Microsoft were worth $3,570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in MSFT. Sicart Associates LLC lifted its position in shares of Microsoft by 2.9% during the fourth quarter. Sicart Associates LLC now owns 926 shares of the software giant’s stock valued at $348,000 after purchasing an additional 26 shares in the last quarter. Capital Wealth Management LLC lifted its position in shares of Microsoft by 1.7% during the fourth quarter. Capital Wealth Management LLC now owns 1,592 shares of the software giant’s stock valued at $599,000 after purchasing an additional 26 shares in the last quarter. Mayfair Advisory Group LLC lifted its position in shares of Microsoft by 0.7% during the fourth quarter. Mayfair Advisory Group LLC now owns 3,866 shares of the software giant’s stock valued at $1,434,000 after purchasing an additional 27 shares in the last quarter. Triton Wealth Management PLLC lifted its position in shares of Microsoft by 0.5% during the fourth quarter. Triton Wealth Management PLLC now owns 5,864 shares of the software giant’s stock valued at $2,167,000 after purchasing an additional 28 shares in the last quarter. Finally, O Connor Financial Group LLC lifted its position in shares of Microsoft by 1.4% during the third quarter. O Connor Financial Group LLC now owns 2,191 shares of the software giant’s stock valued at $692,000 after purchasing an additional 31 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In other news, insider Bradford L. Smith sold 3,303 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $406.12, for a total value of $1,341,414.36. Following the completion of the sale, the insider now directly owns 570,826 shares in the company, valued at approximately $231,823,855.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the completion of the sale, the insider now directly owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bradford L. Smith sold 3,303 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the sale, the insider now owns 570,826 shares of the company’s stock, valued at $231,823,855.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,070,258 shares of company stock worth $30,690,456. 0.03% of the stock is currently owned by insiders.

Microsoft Price Performance

MSFT stock opened at $389.33 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. Microsoft Co. has a one year low of $303.40 and a one year high of $430.82. The stock has a market cap of $2.89 trillion, a PE ratio of 33.71, a P/E/G ratio of 2.18 and a beta of 0.89. The firm has a 50 day simple moving average of $414.18 and a two-hundred day simple moving average of $389.44.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The business had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. During the same quarter in the previous year, the company earned $2.45 EPS. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. On average, analysts predict that Microsoft Co. will post 11.71 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.77%. Microsoft’s payout ratio is 25.97%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MSFT shares. Evercore ISI raised their price target on shares of Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. BNP Paribas raised shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price objective on the stock in a research report on Thursday, January 18th. JPMorgan Chase & Co. lifted their price objective on shares of Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Barclays lifted their price objective on shares of Microsoft from $421.00 to $475.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Finally, StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Three investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. According to data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $452.61.

About Microsoft

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.