Obsidian Personal Planning Solutions LLC grew its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 35.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,830 shares of the software giant’s stock after purchasing an additional 1,253 shares during the quarter. Microsoft makes up approximately 1.9% of Obsidian Personal Planning Solutions LLC’s portfolio, making the stock its 16th largest holding. Obsidian Personal Planning Solutions LLC’s holdings in Microsoft were worth $1,158,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the business. Walled Lake Planning & Wealth Management LLC increased its position in shares of Microsoft by 0.5% in the 2nd quarter. Walled Lake Planning & Wealth Management LLC now owns 7,369 shares of the software giant’s stock worth $1,893,000 after purchasing an additional 38 shares during the last quarter. Donoghue Forlines LLC grew its position in shares of Microsoft by 1.6% during the 2nd quarter. Donoghue Forlines LLC now owns 2,598 shares of the software giant’s stock valued at $667,000 after buying an additional 40 shares during the last quarter. Rovin Capital UT ADV grew its position in shares of Microsoft by 1.1% during the 3rd quarter. Rovin Capital UT ADV now owns 3,747 shares of the software giant’s stock valued at $873,000 after buying an additional 40 shares during the last quarter. Fountainhead AM LLC grew its position in shares of Microsoft by 1.0% during the 2nd quarter. Fountainhead AM LLC now owns 4,196 shares of the software giant’s stock valued at $1,078,000 after buying an additional 41 shares during the last quarter. Finally, Lokken Investment Group LLC grew its position in shares of Microsoft by 0.3% during the 2nd quarter. Lokken Investment Group LLC now owns 11,976 shares of the software giant’s stock valued at $3,076,000 after buying an additional 41 shares during the last quarter. 69.15% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Microsoft
In other news, CEO Satya Nadella sold 4,767 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the sale, the chief executive officer now owns 788,625 shares in the company, valued at $196,272,990. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CMO Christopher C. Capossela sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $269.38, for a total transaction of $269,380.00. Following the sale, the chief marketing officer now owns 117,362 shares in the company, valued at $31,614,975.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Satya Nadella sold 4,767 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the sale, the chief executive officer now owns 788,625 shares in the company, valued at approximately $196,272,990. The disclosure for this sale can be found here. Insiders sold a total of 6,767 shares of company stock valued at $1,728,111 over the last ninety days. Insiders own 0.03% of the company’s stock.
Microsoft Stock Up 1.5 %
Microsoft (NASDAQ:MSFT – Get Rating) last released its earnings results on Tuesday, January 24th. The software giant reported $2.32 EPS for the quarter, beating the consensus estimate of $2.27 by $0.05. Microsoft had a net margin of 33.05% and a return on equity of 39.87%. The business had revenue of $52.75 billion during the quarter, compared to analyst estimates of $53.17 billion. During the same period in the prior year, the business earned $2.48 earnings per share. The business’s quarterly revenue was up 2.0% on a year-over-year basis. Equities research analysts forecast that Microsoft Co. will post 9.34 earnings per share for the current fiscal year.
Microsoft Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Thursday, May 18th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Wednesday, May 17th. Microsoft’s dividend payout ratio is presently 30.22%.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. set a $305.00 price objective on shares of Microsoft and gave the company an “overweight” rating in a research report on Wednesday, February 8th. Mizuho boosted their price objective on shares of Microsoft from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, March 17th. Jefferies Financial Group set a $310.00 price objective on shares of Microsoft in a research report on Monday, February 27th. BMO Capital Markets boosted their price objective on shares of Microsoft from $265.00 to $305.00 and gave the company a “market perform” rating in a research report on Tuesday, March 28th. Finally, Wedbush boosted their price objective on shares of Microsoft from $280.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday, February 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $288.73.
Microsoft Profile
Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.
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