Microsoft Co. (NASDAQ:MSFT) is Hedeker Wealth LLC’s Largest Position

Hedeker Wealth LLC trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.0% in the first quarter, HoldingsChannel.com reports. The fund owned 46,312 shares of the software giant’s stock after selling 487 shares during the period. Microsoft accounts for 5.6% of Hedeker Wealth LLC’s holdings, making the stock its largest position. Hedeker Wealth LLC’s holdings in Microsoft were worth $19,484,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Microsoft by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock worth $250,032,357,000 after buying an additional 15,701,937 shares in the last quarter. Norges Bank purchased a new position in Microsoft in the fourth quarter worth approximately $35,920,047,000. International Assets Investment Management LLC purchased a new stake in shares of Microsoft in the 4th quarter valued at approximately $9,625,201,000. Jennison Associates LLC raised its holdings in shares of Microsoft by 1.1% in the 4th quarter. Jennison Associates LLC now owns 25,505,600 shares of the software giant’s stock valued at $9,591,126,000 after purchasing an additional 277,881 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of Microsoft by 1.6% during the 4th quarter. Fisher Asset Management LLC now owns 25,381,692 shares of the software giant’s stock worth $9,544,532,000 after purchasing an additional 403,409 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 322 shares of Microsoft stock in a transaction on Friday, May 31st. The stock was 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 $19,686,433. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CMO Takeshi Numoto sold 322 shares of Microsoft stock in a transaction on Friday, May 31st. The stock was 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 owns 47,255 shares of the company’s stock, valued at approximately $19,686,433. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction dated 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 disclosure for this sale can be found here. Insiders have sold a total of 25,566 shares of company stock worth $10,877,535 in the last quarter. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Down 0.3 %

Microsoft stock opened at $453.55 on Monday. The stock’s 50 day moving average price is $435.94 and its 200 day moving average price is $416.36. The company has a market cap of $3.37 trillion, a PE ratio of 39.27, a price-to-earnings-growth ratio of 2.14 and a beta of 0.89. 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 Co. has a 1-year low of $309.45 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFT) last posted 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. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The business had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. During the same period in the prior year, the company posted $2.45 EPS. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. On average, sell-side analysts predict that Microsoft Co. will post 11.77 EPS for the current fiscal year.

Microsoft Announces Dividend

The company 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 dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Thursday, August 15th. Microsoft’s dividend payout ratio (DPR) is 25.97%.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of recent analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $465.00 price target on shares of Microsoft in a report on Friday. KeyCorp assumed coverage on Microsoft in a report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price target for the company. Sanford C. Bernstein raised their price objective on shares of Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Tigress Financial upped their target price on shares of Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, June 13th. Finally, Wells Fargo & Company lifted their price target on shares of Microsoft from $480.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Three analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $470.86.

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.