Microsoft Co. (NASDAQ:MSFT) Stock Position Boosted by Lantz Financial LLC

Lantz Financial LLC boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,022 shares of the software giant’s stock after buying an additional 31 shares during the quarter. Microsoft makes up approximately 3.7% of Lantz Financial LLC’s investment portfolio, making the stock its 3rd biggest holding. Lantz Financial LLC’s holdings in Microsoft were worth $11,369,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MSFT. Friedenthal Financial acquired a new stake in Microsoft in the fourth quarter valued at approximately $45,000. Neo Ivy Capital Management acquired a new stake in Microsoft in the fourth quarter valued at approximately $58,000. PayPay Securities Corp boosted its stake in Microsoft by 23.7% in the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after acquiring an additional 36 shares in the last quarter. Cooksen Wealth LLC acquired a new stake in Microsoft in the fourth quarter valued at approximately $86,000. Finally, Kathleen S. Wright Associates Inc. boosted its stake in Microsoft by 160.7% in the fourth quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock valued at $87,000 after acquiring an additional 143 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Microsoft

In related news, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the completion of the sale, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the sale, the executive vice president now owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $19,534,480.83. The disclosure for this sale can be found here. Insiders sold 25,566 shares of company stock valued at $10,877,535 over the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several research reports. KeyCorp initiated coverage on shares of Microsoft in a research note on Thursday, March 21st. They set an “overweight” rating and a $490.00 price objective for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research note on Friday, May 24th. Raymond James reiterated an “outperform” rating and set a $480.00 price objective (up from $450.00) on shares of Microsoft in a research note on Friday, April 26th. Jefferies Financial Group lifted their price objective on shares of Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Finally, Wells Fargo & Company lifted their price objective on shares of Microsoft from $480.00 to $500.00 and gave the stock an “overweight” 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 company. Based on data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and an average target price of $467.12.

Microsoft Stock Up 0.9 %

MSFT stock opened at $449.78 on Monday. The stock has a market capitalization of $3.34 trillion, a P/E ratio of 38.94, a P/E/G ratio of 2.35 and a beta of 0.89. The firm has a 50-day simple moving average of $419.96 and a 200-day simple moving average of $407.44. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $450.94.

Microsoft (NASDAQ:MSFT) last released its 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. The business had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The company’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.45 earnings per share. Equities analysts forecast that Microsoft Co. will post 11.77 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.67%. Microsoft’s dividend payout ratio is currently 25.97%.

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.