Unique Wealth LLC Purchases 1,655 Shares of Microsoft Co. (NASDAQ:MSFT)

Unique Wealth LLC increased its holdings in Microsoft Co. (NASDAQ:MSFT) by 22.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,105 shares of the software giant’s stock after purchasing an additional 1,655 shares during the quarter. Microsoft makes up approximately 1.1% of Unique Wealth LLC’s holdings, making the stock its 18th largest holding. Unique Wealth LLC’s holdings in Microsoft were worth $3,831,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Morris Financial Concepts Inc. grew its stake in shares of Microsoft by 0.9% during the 4th quarter. Morris Financial Concepts Inc. now owns 2,663 shares of the software giant’s stock valued at $1,001,000 after purchasing an additional 25 shares during the period. Innova Wealth Partners grew its position in shares of Microsoft by 0.6% during the 4th quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock valued at $1,594,000 after acquiring an additional 25 shares during the period. Arkansas Financial Group Inc. increased its position in Microsoft by 1.5% in the fourth quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock worth $646,000 after buying an additional 25 shares in the last quarter. Partnership Wealth Management LLC increased its stake in shares of Microsoft by 0.4% in the first quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock worth $2,609,000 after purchasing an additional 25 shares in the last quarter. Finally, Sicart Associates LLC increased its stake in Microsoft by 2.9% in the 4th quarter. Sicart Associates LLC now owns 926 shares of the software giant’s stock worth $348,000 after buying an additional 26 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

NASDAQ MSFT opened at $452.85 on Friday. The company has a market cap of $3.37 trillion, a PE ratio of 39.21, a P/E/G ratio of 2.38 and a beta of 0.89. The firm’s 50 day moving average price is $422.18 and its 200-day moving average price is $408.83. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. Microsoft Co. has a 52-week low of $309.45 and a 52-week high of $456.17.

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 return on equity of 37.54% and a net margin of 36.43%. The company had revenue of $61.86 billion during the quarter, compared to analyst estimates of $60.86 billion. During the same quarter in the prior year, the business earned $2.45 earnings per share. Microsoft’s revenue was up 17.0% on a year-over-year basis. Sell-side analysts forecast that Microsoft Co. will post 11.77 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.66%. Microsoft’s dividend payout ratio is presently 25.97%.

Analysts Set New Price Targets

MSFT has been the topic of several recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research note on Friday, May 24th. KeyCorp started coverage on shares of Microsoft in a report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 target price on the stock. Morgan Stanley upped their target price on shares of Microsoft from $465.00 to $520.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Tigress Financial lifted their price target on shares of Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, June 13th. Finally, Macquarie increased their price objective on shares of Microsoft from $460.00 to $475.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Three 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 company has an average rating of “Moderate Buy” and a consensus price target of $467.12.

Insider Buying and Selling at Microsoft

In other news, CMO Takeshi Numoto sold 322 shares of Microsoft stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $416.60, for a total value of $134,145.20. Following the transaction, the chief marketing officer now owns 47,255 shares of the company’s stock, valued at approximately $19,686,433. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Microsoft news, CMO Takeshi Numoto sold 322 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $416.60, for a total value of $134,145.20. Following the completion of the sale, the chief marketing officer now directly owns 47,255 shares in the company, valued at $19,686,433. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction 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 $44,674,690.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,566 shares of company stock valued at $10,877,535. 0.03% of the stock is currently owned by insiders.

Microsoft 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.