Altus Wealth Management LLC Buys 451 Shares of Microsoft Co. (NASDAQ:MSFT)

Altus Wealth Management LLC increased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 24.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,327 shares of the software giant’s stock after buying an additional 451 shares during the period. Microsoft accounts for about 0.5% of Altus Wealth Management LLC’s portfolio, making the stock its 16th largest holding. Altus Wealth Management LLC’s holdings in Microsoft were worth $979,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Friedenthal Financial bought a new stake in Microsoft in the 4th quarter valued at about $45,000. Neo Ivy Capital Management bought a new stake in Microsoft in the 4th quarter valued at about $58,000. PayPay Securities Corp boosted its holdings in 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 during the period. Cooksen Wealth LLC bought a new stake in Microsoft in the 4th quarter valued at about $86,000. Finally, Kathleen S. Wright Associates Inc. boosted its holdings in Microsoft by 160.7% in the 4th quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock valued at $87,000 after purchasing an additional 143 shares during the period. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 244 shares of the stock in a transaction 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 transaction, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the transaction, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Takeshi Numoto sold 244 shares of the firm’s stock in a transaction 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 $19,534,480.83. The disclosure for this sale can be found here. Insiders have sold a total of 25,566 shares of company stock valued at $10,877,535 over the last ninety days. 0.03% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MSFT. Evercore ISI boosted 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 company an “outperform” rating in a research report on Friday, April 12th. Wedbush restated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research report on Wednesday, May 22nd. KeyCorp started coverage on shares of Microsoft in a research report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 target price for the company. Finally, Citigroup boosted their target price on shares of Microsoft from $495.00 to $520.00 and gave the company a “buy” rating in a research report on Friday, June 21st. 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $467.12.

Microsoft Trading Up 0.6 %

NASDAQ:MSFT opened at $459.28 on Wednesday. The firm’s fifty day moving average is $425.22 and its 200-day moving average is $410.79. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $459.59. The firm has a market cap of $3.41 trillion, a P/E ratio of 39.76, a P/E/G ratio of 2.36 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The company had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. During the same period in the prior year, the firm posted $2.45 EPS. The company’s quarterly revenue was up 17.0% on a year-over-year basis. Equities analysts expect that Microsoft Co. will post 11.77 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.65%. 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.