Red Mountain Financial LLC Makes New $1.03 Million Investment in Microsoft Co. (NASDAQ:MSFT)

Red Mountain Financial LLC purchased a new position in shares of Microsoft Co. (NASDAQ:MSFT) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,751 shares of the software giant’s stock, valued at approximately $1,034,000. Microsoft comprises 1.6% of Red Mountain Financial LLC’s portfolio, making the stock its 18th biggest position.

Several other large investors also recently bought and sold shares of MSFT. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its holdings in shares of Microsoft by 18.4% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 8,621 shares of the software giant’s stock valued at $2,722,000 after purchasing an additional 1,341 shares during the period. ML & R Wealth Management LLC raised its stake in Microsoft by 16.1% during the third quarter. ML & R Wealth Management LLC now owns 4,170 shares of the software giant’s stock worth $1,317,000 after purchasing an additional 578 shares during the period. Diversified LLC boosted its holdings in Microsoft by 3.8% in the 3rd quarter. Diversified LLC now owns 11,944 shares of the software giant’s stock valued at $3,771,000 after purchasing an additional 435 shares during the last quarter. 1776 Wealth LLC grew its stake in shares of Microsoft by 5.3% in the 3rd quarter. 1776 Wealth LLC now owns 17,970 shares of the software giant’s stock valued at $5,674,000 after buying an additional 908 shares during the period. Finally, OFI Invest Asset Management increased its holdings in shares of Microsoft by 14.9% during the 3rd quarter. OFI Invest Asset Management now owns 737,050 shares of the software giant’s stock worth $220,121,000 after buying an additional 95,844 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

MSFT has been the topic of a number of recent analyst reports. Truist Financial reiterated a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a report on Monday. Morgan Stanley increased their price target on Microsoft from $465.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Citigroup decreased their target price on shares of Microsoft from $480.00 to $475.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research report on Friday, May 24th. Finally, Evercore ISI boosted their price target on shares of Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $465.83.

Microsoft Stock Performance

NASDAQ:MSFT opened at $448.37 on Tuesday. The firm has a market capitalization of $3.33 trillion, a PE ratio of 38.82, a price-to-earnings-growth ratio of 2.34 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. The business’s fifty day moving average price is $418.19 and its 200 day moving average price is $405.31. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $450.94.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. The business had revenue of $61.86 billion for the quarter, compared to the consensus estimate of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.45 EPS. On average, sell-side analysts anticipate that Microsoft Co. will post 11.77 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, September 12th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.67%. Microsoft’s dividend payout ratio is presently 25.97%.

Insider Activity

In related news, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the sale, the chief marketing officer now directly owns 47,011 shares in the company, valued at approximately $19,534,480.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CMO Takeshi Numoto sold 244 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total transaction of $101,389.32. Following the transaction, the chief marketing officer now owns 47,011 shares in the company, valued at approximately $19,534,480.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the transaction, the executive vice president now directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,566 shares of company stock worth $10,877,535. Corporate insiders own 0.03% of the company’s stock.

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.