Summit Financial Wealth Advisors LLC Buys 1,807 Shares of Microsoft Corporation $MSFT

Summit Financial Wealth Advisors LLC lifted its position in Microsoft Corporation (NASDAQ:MSFT) by 17.8% during the 3rd quarter, Holdings Channel reports. The firm owned 11,963 shares of the software giant’s stock after buying an additional 1,807 shares during the quarter. Microsoft makes up 1.0% of Summit Financial Wealth Advisors LLC’s investment portfolio, making the stock its 27th biggest holding. Summit Financial Wealth Advisors LLC’s holdings in Microsoft were worth $6,217,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Longfellow Investment Management Co. LLC raised its stake in shares of Microsoft by 51.3% in the second quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant’s stock valued at $29,000 after acquiring an additional 20 shares during the last quarter. Bulwark Capital Corp bought a new stake in Microsoft during the 2nd quarter worth approximately $32,000. Westend Capital Management LLC increased its holdings in Microsoft by 386.7% during the 2nd quarter. Westend Capital Management LLC now owns 73 shares of the software giant’s stock valued at $36,000 after purchasing an additional 58 shares in the last quarter. LSV Asset Management bought a new position in Microsoft in the 4th quarter valued at $44,000. Finally, University of Illinois Foundation bought a new position in Microsoft in the 2nd quarter valued at $50,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Activity

In related news, insider Bradford L. Smith sold 38,500 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $518.64, for a total value of $19,967,640.00. Following the completion of the transaction, the insider directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Judson Althoff sold 12,750 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 129,349 shares of the company’s stock, valued at approximately $63,577,620.48. The trade was a 8.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 54,100 shares of company stock worth $27,598,872 in the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Microsoft Trading Down 0.1%

Shares of NASDAQ MSFT opened at $476.12 on Thursday. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $555.45. The firm has a market capitalization of $3.54 trillion, a P/E ratio of 33.86, a P/E/G ratio of 1.79 and a beta of 1.07. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.40 and a quick ratio of 1.39. The company’s 50 day simple moving average is $501.05 and its 200 day simple moving average is $502.70.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, October 29th. The software giant reported $4.13 earnings per share for the quarter, beating analysts’ consensus estimates of $3.65 by $0.48. Microsoft had a return on equity of 32.45% and a net margin of 35.71%.The company had revenue of $77.67 billion for the quarter, compared to the consensus estimate of $75.49 billion. During the same quarter in the prior year, the business posted $3.30 EPS. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. On average, analysts predict that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.8%. Microsoft’s dividend payout ratio (DPR) is currently 25.89%.

Wall Street Analyst Weigh In

Several analysts have recently commented on MSFT shares. Morgan Stanley increased their target price on Microsoft from $625.00 to $650.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Citigroup increased their price objective on shares of Microsoft from $682.00 to $690.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Microsoft in a research note on Wednesday, November 19th. Wolfe Research lowered their price target on shares of Microsoft from $675.00 to $625.00 and set an “outperform” rating for the company in a report on Monday. Finally, TD Cowen boosted their price objective on shares of Microsoft from $640.00 to $655.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. 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 stock. According to MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average target price of $631.03.

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.