Salvus Wealth Management LLC Buys 385 Shares of Microsoft Co. (NASDAQ:MSFT)

Salvus Wealth Management LLC increased its stake in Microsoft Co. (NASDAQ:MSFT) by 4.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,868 shares of the software giant’s stock after purchasing an additional 385 shares during the period. Microsoft makes up 2.5% of Salvus Wealth Management LLC’s holdings, making the stock its 12th biggest holding. Salvus Wealth Management LLC’s holdings in Microsoft were worth $3,731,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Friedenthal Financial acquired a new position in shares of Microsoft during the 4th quarter worth $45,000. Neo Ivy Capital Management bought a new position in shares of Microsoft in the fourth quarter worth about $58,000. PayPay Securities Corp boosted its stake in shares of Microsoft by 23.7% in the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after purchasing an additional 36 shares in the last quarter. Cooksen Wealth LLC acquired a new position in Microsoft during the 4th quarter worth approximately $86,000. Finally, Kathleen S. Wright Associates Inc. grew its stake in shares of Microsoft by 160.7% during the fourth quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock worth $87,000 after buying an additional 143 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Ratings Changes

MSFT has been the topic of several recent research reports. DA Davidson reissued a “buy” rating and set a $500.00 price objective on shares of Microsoft in a report on Friday, March 15th. Morgan Stanley boosted their price target on Microsoft from $465.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Evercore ISI raised their price objective on shares of Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a report on Friday, April 26th. BMO Capital Markets boosted their target price on shares of Microsoft from $455.00 to $465.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. Finally, Sanford C. Bernstein raised their price target on shares of Microsoft from $465.00 to $489.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Three research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $467.12.

Insider Buying and Selling

In other news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the transaction, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the completion of the transaction, the chief marketing officer now owns 47,011 shares in the company, valued at $19,534,480.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were 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 directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,566 shares of company stock worth $10,877,535. Insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Microsoft stock opened at $446.95 on Monday. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $456.17. The company’s 50 day moving average price is $424.11 and its two-hundred day moving average price is $410.15. The stock has a market cap of $3.32 trillion, a P/E ratio of 38.70, a P/E/G ratio of 2.36 and a beta of 0.89. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. The business had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. Microsoft’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period last year, the company posted $2.45 earnings per share. On average, equities analysts predict that Microsoft Co. will post 11.77 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be given a dividend of $0.75 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.00 annualized dividend and a yield of 0.67%. Microsoft’s payout ratio is currently 25.97%.

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.