Allen Mooney & Barnes Investment Advisors LLC Has $6.24 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Allen Mooney & Barnes Investment Advisors LLC decreased its position in Microsoft Co. (NASDAQ:MSFT) by 74.2% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 14,573 shares of the software giant’s stock after selling 42,016 shares during the period. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Microsoft were worth $6,236,000 as of its most recent filing with the SEC.

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

Microsoft Stock Performance

MSFT stock opened at $446.95 on Friday. The firm has a market cap of $3.32 trillion, a PE ratio of 38.70, a price-to-earnings-growth ratio of 2.39 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. The stock has a 50-day moving average price of $424.11 and a 200-day moving average price of $409.90. Microsoft Co. has a 1-year low of $309.45 and a 1-year high of $456.17.

Microsoft (NASDAQ:MSFT) last issued 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. The business had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.45 earnings per share. As a group, equities research analysts expect that Microsoft Co. will post 11.77 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently declared 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. This represents a $3.00 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Thursday, August 15th. Microsoft’s payout ratio is 25.97%.

Insider Buying and Selling at Microsoft

In other news, CMO Takeshi Numoto sold 322 shares of the stock in a transaction dated Friday, May 31st. The shares were 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 approximately $19,686,433. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 104,949 shares in the company, valued at $44,674,690.32. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CMO Takeshi Numoto sold 322 shares of the 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 completion of the transaction, 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. Over the last ninety days, insiders sold 25,566 shares of company stock valued at $10,877,535. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MSFT shares. Piper Sandler reissued an “overweight” rating and issued a $465.00 price objective (up from $455.00) on shares of Microsoft in a research note on Friday, April 26th. KeyCorp initiated coverage on Microsoft in a research note on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price target on the stock. Wedbush reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Wednesday, May 22nd. Wells Fargo & Company boosted their target price on Microsoft from $480.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Finally, Raymond James restated an “outperform” rating and issued a $480.00 price target (up from $450.00) on shares of Microsoft in a research note on Friday, April 26th. Three analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. Based on data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average target price of $467.12.

Microsoft Company 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.