Taylor Hoffman Wealth Management grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 1.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,003 shares of the software giant’s stock after buying an additional 187 shares during the quarter. Microsoft accounts for approximately 1.7% of Taylor Hoffman Wealth Management’s holdings, making the stock its 19th biggest holding. Taylor Hoffman Wealth Management’s holdings in Microsoft were worth $3,172,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the business. Monumental Financial Group Inc. bought a new position in Microsoft during the 1st quarter valued at about $28,000. PayPay Securities Corp purchased a new position in shares of Microsoft during the fourth quarter valued at approximately $54,000. Gleason Group Inc. grew its stake in shares of Microsoft by 111.7% during the first quarter. Gleason Group Inc. now owns 199 shares of the software giant’s stock valued at $57,000 after buying an additional 105 shares during the last quarter. Syverson Strege & Co raised its holdings in shares of Microsoft by 157.0% in the first quarter. Syverson Strege & Co now owns 203 shares of the software giant’s stock worth $58,000 after buying an additional 124 shares during the period. Finally, MayTech Global Investments LLC bought a new stake in shares of Microsoft during the 4th quarter worth approximately $83,000. Institutional investors own 69.20% of the company’s stock.
Insider Buying and Selling
In other Microsoft news, EVP Kathleen T. Hogan sold 26,815 shares of Microsoft stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $327.37, for a total transaction of $8,778,426.55. Following the completion of the transaction, the executive vice president now owns 198,373 shares in the company, valued at approximately $64,941,369.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Bradford L. Smith sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the sale, the insider now owns 588,084 shares of the company’s stock, valued at approximately $198,301,924.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kathleen T. Hogan sold 26,815 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $327.37, for a total transaction of $8,778,426.55. Following the completion of the transaction, the executive vice president now owns 198,373 shares of the company’s stock, valued at $64,941,369.01. The disclosure for this sale can be found here. Insiders sold a total of 115,049 shares of company stock valued at $38,195,619 over the last 90 days. Insiders own 0.03% of the company’s stock.
Microsoft Stock Performance
Microsoft (NASDAQ:MSFT – Get Free Report) last released its earnings results on Tuesday, July 25th. The software giant reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.14. Microsoft had a return on equity of 38.70% and a net margin of 34.15%. The firm had revenue of $56.19 billion during the quarter, compared to the consensus estimate of $55.49 billion. During the same quarter in the previous year, the company posted $2.23 earnings per share. The company’s revenue was up 8.3% compared to the same quarter last year. As a group, research analysts expect that Microsoft Co. will post 10.9 earnings per share for the current year.
Microsoft Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be paid a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.82%. Microsoft’s payout ratio is currently 28.07%.
Analysts Set New Price Targets
Several equities analysts have commented on the company. Wells Fargo & Company upped their price objective on Microsoft from $380.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, July 19th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Microsoft from $340.00 to $380.00 in a report on Tuesday, May 30th. Oppenheimer restated an “outperform” rating and issued a $410.00 target price on shares of Microsoft in a research note on Friday, July 28th. Barclays lifted their price target on shares of Microsoft from $336.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, July 19th. Finally, Citigroup dropped their price objective on Microsoft from $425.00 to $420.00 in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and thirty-three have issued a buy rating to the company’s stock. According to MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $373.68.
Check Out Our Latest Research Report on Microsoft
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.
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