Creekmur Asset Management LLC Buys 180 Shares of Microsoft Co. (NASDAQ:MSFT)

Creekmur Asset Management LLC boosted its stake in Microsoft Co. (NASDAQ:MSFT) by 2.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,501 shares of the software giant’s stock after acquiring an additional 180 shares during the period. Microsoft accounts for 0.9% of Creekmur Asset Management LLC’s investment portfolio, making the stock its 22nd largest holding. Creekmur Asset Management LLC’s holdings in Microsoft were worth $2,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Friedenthal Financial acquired a new position in shares of Microsoft in the 4th quarter valued at about $45,000. Neo Ivy Capital Management bought a new stake in Microsoft in the fourth quarter worth approximately $58,000. Richardson Capital Management LLC lifted its stake in Microsoft by 1,290.0% in the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after buying an additional 129 shares during the period. PayPay Securities Corp boosted its holdings in shares of Microsoft by 23.7% during the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after buying an additional 36 shares in the last quarter. Finally, Bellevue Group AG grew its position in shares of Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after buying an additional 58 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of research reports. Bank of America boosted their target price on shares of Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Truist Financial restated a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research note on Monday, June 17th. JPMorgan Chase & Co. upped their price target on Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Piper Sandler reissued an “overweight” rating and issued a $485.00 price objective on shares of Microsoft in a research note on Wednesday, July 31st. Finally, Evercore ISI upped their target price on Microsoft from $475.00 to $485.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $494.72.

Microsoft Price Performance

MSFT opened at $424.14 on Thursday. The firm has a market cap of $3.15 trillion, a P/E ratio of 36.72, a PEG ratio of 2.11 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.23 and a current ratio of 1.27. Microsoft Co. has a fifty-two week low of $309.45 and a fifty-two week high of $468.35. The firm has a 50-day moving average of $436.09 and a 200 day moving average of $422.67.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.05. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The company had revenue of $64.73 billion during the quarter, compared to analyst estimates of $64.38 billion. During the same quarter last year, the business posted $2.69 EPS. Microsoft’s quarterly revenue was up 15.2% compared to the same quarter last year. On average, research analysts expect that Microsoft Co. will post 13.04 EPS for the current year.

Microsoft Dividend Announcement

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 given a dividend of $0.75 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.71%. Microsoft’s dividend payout ratio is presently 25.97%.

Insider Activity

In related news, CMO Takeshi Numoto sold 322 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $416.60, for a total value of $134,145.20. Following the sale, the chief marketing officer now directly owns 47,255 shares in the company, valued at approximately $19,686,433. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.03% of the company’s stock.

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.