Kingsview Wealth Management LLC Purchases 1,871 Shares of Microsoft Co. (NASDAQ:MSFT)

Kingsview Wealth Management LLC lifted its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,505 shares of the software giant's stock after buying an additional 1,871 shares during the quarter. Microsoft accounts for 1.9% of Kingsview Wealth Management LLC's portfolio, making the stock its 7th biggest holding. Kingsview Wealth Management LLC's holdings in Microsoft were worth $90,580,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Christopher J. Hasenberg Inc grew its holdings in shares of Microsoft by 35.7% during the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant's stock worth $39,000 after buying an additional 25 shares in the last quarter. Quarry LP acquired a new position in Microsoft in the 2nd quarter valued at $45,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Microsoft during the 3rd quarter worth $62,000. Innealta Capital LLC acquired a new stake in shares of Microsoft during the second quarter worth $75,000. Finally, Carolina Wealth Advisors LLC grew its position in shares of Microsoft by 10.1% in the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant's stock valued at $145,000 after purchasing an additional 31 shares during the period. Hedge funds and other institutional investors own 71.13% of the company's stock.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of research analyst reports. Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a research note on Friday, January 24th. Loop Capital upped their price objective on Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. JPMorgan Chase & Co. reduced their target price on Microsoft from $470.00 to $465.00 and set an "overweight" rating on the stock in a report on Thursday, October 31st. Stifel Nicolaus lifted their price objective on Microsoft from $475.00 to $515.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $500.00 target price on shares of Microsoft in a research report on Thursday. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $510.24.

Insiders Place Their Bets

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of the firm's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the transaction, the executive vice president now directly owns 103,366 shares in the company, valued at $43,792,039.56. This trade represents a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the company's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $417.00, for a total value of $10,425,000.00. Following the sale, the executive vice president now owns 117,294 shares of the company's stock, valued at approximately $48,911,598. This trade represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,200 shares of company stock worth $17,383,892. Company insiders own 0.03% of the company's stock.

Microsoft Price Performance

MSFT traded down $27.34 during trading on Thursday, reaching $414.99. The stock had a trading volume of 53,865,877 shares, compared to its average volume of 22,496,486. The stock has a 50 day moving average of $432.55 and a two-hundred day moving average of $424.95. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $3.09 trillion, a price-to-earnings ratio of 34.24, a price-to-earnings-growth ratio of 2.40 and a beta of 0.90. Microsoft Co. has a 1-year low of $385.58 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. During the same quarter last year, the business posted $2.93 earnings per share. As a group, equities analysts anticipate that Microsoft Co. will post 12.9 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft's dividend payout ratio (DPR) is presently 27.39%.

About Microsoft

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.