4,410 Shares in Microsoft Co. (NASDAQ:MSFT) Acquired by Cascade Wealth Advisors Inc

Cascade Wealth Advisors Inc purchased a new position in Microsoft Co. (NASDAQ:MSFT) in the first quarter, HoldingsChannel reports. The institutional investor purchased 4,410 shares of the software giant’s stock, valued at approximately $1,861,000. Microsoft makes up about 1.6% of Cascade Wealth Advisors Inc’s holdings, making the stock its 19th largest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Friedenthal Financial acquired a new stake in Microsoft during the 4th quarter valued at approximately $45,000. Neo Ivy Capital Management acquired a new stake in Microsoft during the 4th quarter worth about $58,000. PayPay Securities Corp raised its stake in shares of Microsoft by 23.7% during the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after buying an additional 36 shares during the last quarter. Cooksen Wealth LLC acquired a new position in shares of Microsoft in the 4th quarter valued at about $86,000. Finally, Kathleen S. Wright Associates Inc. boosted its stake in shares of Microsoft by 160.7% in 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. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MSFT. Oppenheimer boosted their price target on Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, June 7th. Citigroup increased their price target on shares of Microsoft from $495.00 to $520.00 and gave the stock a “buy” rating in a report on Friday, June 21st. Wedbush reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a report on Wednesday, May 22nd. JPMorgan Chase & Co. increased their target price on shares of Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Finally, Tigress Financial lifted 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 analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $467.12.

Microsoft Stock Up 0.3 %

Shares of NASDAQ MSFT opened at $460.77 on Thursday. Microsoft Co. has a 1 year low of $309.45 and a 1 year high of $461.02. The company has a market capitalization of $3.42 trillion, a P/E ratio of 39.89, a P/E/G ratio of 2.36 and a beta of 0.89. The company has a 50 day simple moving average of $426.26 and a 200-day simple moving average of $411.42. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, beating the consensus estimate 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%. The company’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.45 EPS. On average, equities research 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. Stockholders of record on Thursday, August 15th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s dividend payout ratio (DPR) is 25.97%.

Insider Transactions at Microsoft

In related news, CMO Takeshi Numoto sold 322 shares of Microsoft stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $416.60, for a total value of $134,145.20. Following the completion of the sale, the chief marketing officer now owns 47,255 shares in the company, valued at approximately $19,686,433. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 104,949 shares in the company, valued at $44,674,690.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Takeshi Numoto sold 322 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $416.60, for a total transaction of $134,145.20. Following the completion of the transaction, the chief marketing officer now directly owns 47,255 shares of the company’s stock, valued at approximately $19,686,433. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,566 shares of company stock worth $10,877,535. 0.03% of the stock is currently owned by insiders.

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.