Catalyst Private Wealth LLC raised its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,925 shares of the software giant’s stock after purchasing an additional 136 shares during the quarter. Microsoft comprises 0.8% of Catalyst Private Wealth LLC’s portfolio, making the stock its 28th largest holding. Catalyst Private Wealth LLC’s holdings in Microsoft were worth $941,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of MSFT. Iron Horse Wealth Management LLC acquired a new stake in Microsoft during the fourth quarter worth about $26,000. Monumental Financial Group Inc. bought a new position in Microsoft in the 1st quarter worth approximately $28,000. Hanseatic Management Services Inc. raised its position in shares of Microsoft by 71.4% during the 3rd quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock valued at $31,000 after acquiring an additional 55 shares during the last quarter. Retirement Financial Solutions LLC acquired a new position in shares of Microsoft in the 4th quarter valued at $40,000. Finally, Macroview Investment Management LLC acquired a new position in Microsoft in the 4th quarter worth $61,000. 69.15% of the stock is owned by institutional investors.
Microsoft Trading Up 0.2 %
Shares of MSFT opened at $283.49 on Thursday. The stock has a 50 day simple moving average of $266.83 and a 200-day simple moving average of $248.99. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $294.18. The stock has a market cap of $2.11 trillion, a PE ratio of 31.50, a PEG ratio of 2.69 and a beta of 0.93. The company has a current ratio of 1.93, a quick ratio of 1.89 and a debt-to-equity ratio of 0.24.
Microsoft Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Stockholders of record on Thursday, May 18th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $2.72 annualized dividend and a dividend yield of 0.96%. Microsoft’s dividend payout ratio (DPR) is presently 30.22%.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on MSFT. Barclays dropped their target price on shares of Microsoft from $296.00 to $280.00 and set an “overweight” rating on the stock in a report on Tuesday, January 10th. Stifel Nicolaus lowered their target price on shares of Microsoft from $290.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, January 25th. Wells Fargo & Company boosted their target price on shares of Microsoft from $300.00 to $320.00 and gave the stock an “overweight” rating in a research report on Friday, March 24th. Wolfe Research reduced their target price on shares of Microsoft from $280.00 to $265.00 and set an “outperform” rating for the company in a research report on Wednesday, January 25th. Finally, The Goldman Sachs Group set a $315.00 target price on shares of Microsoft in a research note on Wednesday, January 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $291.70.
Insider Activity at Microsoft
In other Microsoft news, CEO Satya Nadella sold 4,767 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $196,272,990. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Satya Nadella sold 4,767 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 788,625 shares of the company’s stock, valued at approximately $196,272,990. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Christopher C. Capossela sold 1,000 shares of Microsoft stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $272.32, for a total value of $272,320.00. Following the transaction, the chief marketing officer now owns 116,362 shares of the company’s stock, valued at approximately $31,687,699.84. The disclosure for this sale can be found here. Insiders sold 6,767 shares of company stock worth $1,728,111 over the last three months. Company insiders own 0.03% of the company’s stock.
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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