Johnson & White Wealth Management LLC Purchases Shares of 5,832 Microsoft Co. (NASDAQ:MSFT)

Johnson & White Wealth Management LLC purchased a new position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,832 shares of the software giant's stock, valued at approximately $2,441,000. Microsoft comprises approximately 1.5% of Johnson & White Wealth Management LLC's holdings, making the stock its 19th biggest position.

A number of other institutional investors have also modified their holdings of MSFT. BCK Partners Inc. raised its position in shares of Microsoft by 1.8% during the third quarter. BCK Partners Inc. now owns 1,353 shares of the software giant's stock worth $582,000 after acquiring an additional 24 shares during the last quarter. Conscious Wealth Investments LLC increased its holdings in Microsoft by 0.4% in the second quarter. Conscious Wealth Investments LLC now owns 6,986 shares of the software giant's stock valued at $3,108,000 after purchasing an additional 25 shares during the last quarter. Global Wealth Strategies & Associates increased its holdings in Microsoft by 0.8% in the third quarter. Global Wealth Strategies & Associates now owns 2,997 shares of the software giant's stock valued at $1,290,000 after purchasing an additional 25 shares during the last quarter. Christopher J. Hasenberg Inc increased its holdings in Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant's stock valued at $39,000 after purchasing an additional 25 shares during the last quarter. Finally, Sequent Asset Management LLC increased its holdings in Microsoft by 1.3% in the third quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant's stock valued at $853,000 after purchasing an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $430.87, for a total value of $1,077,175.00. Following the completion of the transaction, the chief marketing officer now directly owns 53,852 shares of the company's stock, valued at approximately $23,203,211.24. This trade represents a 4.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders sold 8,000 shares of company stock valued at $3,493,820. Corporate insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of research analyst reports. StockNews.com raised Microsoft from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. Mizuho decreased their target price on Microsoft from $510.00 to $500.00 and set an "outperform" rating for the company in a research note on Thursday, January 30th. JPMorgan Chase & Co. decreased their target price on Microsoft from $470.00 to $465.00 and set an "overweight" rating for the company in a research note on Thursday, October 31st. UBS Group decreased their target price on Microsoft from $525.00 to $510.00 and set a "buy" rating for the company in a research note on Thursday, January 30th. Finally, DA Davidson reissued a "neutral" rating and issued a $425.00 target price on shares of Microsoft in a research note on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $510.96.

Microsoft Trading Down 1.9 %

NASDAQ:MSFT traded down $7.88 during trading hours on Friday, hitting $408.25. 27,440,364 shares of the company were exchanged, compared to its average volume of 23,130,024. The stock has a market capitalization of $3.03 trillion, a price-to-earnings ratio of 32.87, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a one year low of $385.58 and a one year high of $468.35. The company has a fifty day simple moving average of $425.20 and a 200 day simple moving average of $422.88.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same quarter last year, the company posted $2.93 earnings per share. Sell-side analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft's dividend payout ratio (DPR) is presently 26.73%.

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.