Microsoft Co. (NASDAQ:MSFT) is Segment Wealth Management LLC’s 7th Largest Position

Segment Wealth Management LLC increased its stake in Microsoft Co. (NASDAQ:MSFT) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 65,807 shares of the software giant’s stock after purchasing an additional 1,700 shares during the quarter. Microsoft makes up approximately 2.2% of Segment Wealth Management LLC’s portfolio, making the stock its 7th biggest holding. Segment Wealth Management LLC’s holdings in Microsoft were worth $24,746,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Iron Horse Wealth Management LLC lifted its stake in shares of Microsoft by 89.0% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after buying an additional 105 shares in the last quarter. Authentikos Wealth Advisory LLC bought a new stake in Microsoft during the 3rd quarter valued at $87,000. Family CFO Inc lifted its position in shares of Microsoft by 13.6% during the third quarter. Family CFO Inc now owns 359 shares of the software giant’s stock worth $113,000 after acquiring an additional 43 shares in the last quarter. Cordant Inc. boosted its holdings in shares of Microsoft by 647.8% in the fourth quarter. Cordant Inc. now owns 344 shares of the software giant’s stock worth $129,000 after acquiring an additional 298 shares during the period. Finally, Life Planning Partners Inc purchased a new position in shares of Microsoft in the fourth quarter valued at $146,000. 71.13% of the stock is owned by institutional investors.

Microsoft Stock Up 2.2 %

Shares of Microsoft stock opened at $406.66 on Friday. The company’s 50 day moving average price is $413.68 and its 200-day moving average price is $390.05. Microsoft Co. has a 52-week low of $303.40 and a 52-week high of $430.82. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. The stock has a market capitalization of $3.02 trillion, a price-to-earnings ratio of 35.21, a P/E/G ratio of 2.10 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share 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 company had revenue of $61.86 billion during the quarter, compared to analyst estimates of $60.86 billion. During the same period in the prior year, the business posted $2.45 earnings per share. Microsoft’s revenue for the quarter was up 17.0% on a year-over-year basis. Equities research analysts forecast that Microsoft Co. will post 11.76 EPS for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.74%. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

Analysts Set New Price Targets

MSFT has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Barclays upped their target price on shares of Microsoft from $421.00 to $475.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Jefferies Financial Group raised their price target on shares of Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a report on Monday, April 1st. Finally, Evercore ISI upped their price target on shares of Microsoft from $475.00 to $485.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Three analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $452.61.

Insider Buying and Selling

In other Microsoft news, insider Bradford L. Smith sold 3,303 shares of the business’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 transaction, the insider now directly owns 570,826 shares of the company’s stock, valued at approximately $231,823,855.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Microsoft news, insider Bradford L. Smith sold 3,303 shares of the firm’s stock in a transaction dated 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 $231,823,855.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the transaction, the executive vice president now owns 159,764 shares in the company, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. Insiders sold 1,025,258 shares of company stock valued at $12,160,356 over the last quarter. 0.03% of the stock is owned by company insiders.

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.