Henrickson Nauta Wealth Advisors Inc. Grows Position in Microsoft Co. (NASDAQ:MSFT)

Henrickson Nauta Wealth Advisors Inc. lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,324 shares of the software giant’s stock after purchasing an additional 62 shares during the quarter. Microsoft comprises approximately 0.6% of Henrickson Nauta Wealth Advisors Inc.’s investment portfolio, making the stock its 16th biggest position. Henrickson Nauta Wealth Advisors Inc.’s holdings in Microsoft were worth $1,407,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MSFT. Friedenthal Financial acquired a new position in Microsoft during the 4th quarter worth about $45,000. Neo Ivy Capital Management acquired a new position in Microsoft during the 4th quarter worth about $58,000. PayPay Securities Corp lifted its stake in Microsoft by 23.7% during the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after acquiring an additional 36 shares in the last quarter. Cooksen Wealth LLC acquired a new position in Microsoft during the 4th quarter worth about $86,000. Finally, Kathleen S. Wright Associates Inc. lifted its stake in Microsoft by 160.7% during the 4th quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock worth $87,000 after acquiring an additional 143 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Trading Up 0.6 %

Shares of MSFT stock opened at $459.28 on Wednesday. The business’s 50 day moving average is $425.22 and its two-hundred day moving average is $410.79. Microsoft Co. has a twelve month low of $309.45 and a twelve month high of $459.59. The company has a market capitalization of $3.41 trillion, a P/E ratio of 39.76, a price-to-earnings-growth ratio of 2.36 and a beta of 0.89. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data 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 firm had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. During the same quarter in the prior year, the company posted $2.45 earnings per share. Microsoft’s quarterly revenue was up 17.0% on a year-over-year basis. Equities analysts forecast that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s dividend payout ratio is presently 25.97%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. DA Davidson reaffirmed a “buy” rating and issued a $500.00 price target on shares of Microsoft in a research report on Friday, March 15th. UBS Group reaffirmed a “buy” rating and issued a $480.00 price target on shares of Microsoft in a research report on Wednesday, April 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research report on Friday, May 24th. Citigroup increased their price target on Microsoft from $495.00 to $520.00 and gave the company a “buy” rating in a research report on Friday, June 21st. Finally, The Goldman Sachs Group raised their target price on Microsoft from $450.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $467.12.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 322 shares of the company’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $416.60, for a total transaction of $134,145.20. Following the transaction, the chief marketing officer now owns 47,255 shares of the company’s stock, valued at $19,686,433. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the sale, the executive vice president now directly owns 104,949 shares in the company, valued at $44,674,690.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CMO Takeshi Numoto sold 322 shares of the business’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $416.60, for a total value of $134,145.20. Following the sale, the chief marketing officer now owns 47,255 shares in the company, valued at $19,686,433. The disclosure for this sale can be found here. Insiders have sold 25,566 shares of company stock valued at $10,877,535 over the last quarter. Company insiders own 0.03% of the company’s stock.

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.