Keystone Wealth Services LLC Has $8.87 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Keystone Wealth Services LLC increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 21,088 shares of the software giant’s stock after acquiring an additional 141 shares during the quarter. Microsoft makes up 2.9% of Keystone Wealth Services LLC’s portfolio, making the stock its 4th biggest position. Keystone Wealth Services LLC’s holdings in Microsoft were worth $8,872,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSFT. Norges Bank bought a new position in Microsoft during the 4th quarter worth about $35,920,047,000. International Assets Investment Management LLC bought a new position in shares of Microsoft during the fourth quarter worth about $9,625,201,000. Vanguard Group Inc. raised its position in Microsoft by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock valued at $250,032,357,000 after buying an additional 15,701,937 shares during the last quarter. TCI Fund Management Ltd. bought a new stake in Microsoft in the 4th quarter valued at approximately $4,000,376,000. Finally, FMR LLC boosted its position in Microsoft by 2.7% during the 3rd quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock worth $68,162,263,000 after acquiring an additional 5,762,902 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction 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 directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction that occurred on 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 directly owns 47,011 shares in the company, valued at approximately $19,534,480.83. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the firm’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 owns 104,949 shares in the company, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,566 shares of company stock worth $10,877,535. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

MSFT has been the topic of a number of research reports. Macquarie boosted their price objective on shares of Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. UBS Group restated a “buy” rating and set a $480.00 price objective on shares of Microsoft in a research note on Wednesday, April 10th. Morgan Stanley lifted their target price on Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. KeyCorp began coverage on Microsoft in a research report on Thursday, March 21st. They set an “overweight” rating and a $490.00 price target for the company. Finally, Tigress Financial raised their price target on Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, June 13th. Three equities research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $467.12.

Microsoft Stock Down 1.3 %

MSFT 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 business has a 50-day simple moving average of $424.11 and a 200 day simple moving average of $410.15. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. The company has a market cap of $3.32 trillion, a PE ratio of 38.70, a price-to-earnings-growth ratio of 2.36 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last issued its quarterly 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 company had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.45 EPS. Sell-side analysts anticipate that Microsoft Co. will post 11.77 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently announced 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 dividend yield of 0.67%. The ex-dividend date is Thursday, August 15th. Microsoft’s dividend payout ratio is presently 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.