Retirement Planning Group LLC Has $6.67 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Retirement Planning Group LLC grew its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 65.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,853 shares of the software giant's stock after acquiring an additional 6,268 shares during the period. Microsoft comprises 0.5% of Retirement Planning Group LLC's portfolio, making the stock its 28th largest holding. Retirement Planning Group LLC's holdings in Microsoft were worth $6,670,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Security Advisor Inc. boosted its holdings in Microsoft by 1.7% during the fourth quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant's stock worth $10,255,000 after buying an additional 452 shares in the last quarter. Gunderson Capital Management Inc. boosted its holdings in Microsoft by 0.7% during the fourth quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant's stock worth $9,359,000 after buying an additional 185 shares in the last quarter. Rappaport Reiches Capital Management LLC raised its position in Microsoft by 14.9% during the fourth quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant's stock worth $3,089,000 after acquiring an additional 1,067 shares during the last quarter. Bayesian Capital Management LP raised its position in Microsoft by 60.1% during the fourth quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant's stock worth $18,238,000 after acquiring an additional 18,200 shares during the last quarter. Finally, RNC Capital Management LLC raised its position in Microsoft by 10.4% during the fourth quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant's stock worth $25,967,000 after acquiring an additional 6,484 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insider Activity

In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the transaction, the chief marketing officer now directly owns 47,011 shares in the company, valued at approximately $19,534,480.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction on 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 transaction, the executive vice president now directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Takeshi Numoto sold 244 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the transaction, the chief marketing officer now owns 47,011 shares in the company, valued at $19,534,480.83. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,566 shares of company stock worth $10,877,535. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Up 2.2 %

Shares of MSFT stock traded up $9.78 on Monday, hitting $456.73. The stock had a trading volume of 17,624,113 shares, compared to its average volume of 20,912,148. The firm has a market capitalization of $3.39 trillion, a price-to-earnings ratio of 39.54, a P/E/G ratio of 2.36 and a beta of 0.89. The stock's 50 day moving average is $424.11 and its 200-day moving average is $410.15. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. Microsoft Co. has a 52-week low of $309.45 and a 52-week high of $457.37.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.13. The business had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The business's quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.45 earnings per share. As a group, research analysts expect that Microsoft Co. will post 11.77 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.66%. Microsoft's dividend payout ratio (DPR) is presently 25.97%.

Analysts Set New Price Targets

A number of brokerages have issued reports on MSFT. BMO Capital Markets lifted their target price on shares of Microsoft from $455.00 to $465.00 and gave the stock an "outperform" rating in a research report on Friday, April 12th. Sanford C. Bernstein lifted their target price on shares of Microsoft from $465.00 to $489.00 and gave the stock an "outperform" rating in a research report on Friday, April 26th. JPMorgan Chase & Co. lifted their target price on shares of Microsoft from $440.00 to $470.00 and gave the stock an "overweight" rating in a research report on Friday, April 26th. Piper Sandler restated an "overweight" rating and set a $465.00 target price (up previously from $455.00) on shares of Microsoft in a research report on Friday, April 26th. Finally, Citigroup boosted their price objective on shares of Microsoft from $495.00 to $520.00 and gave the company a "buy" rating in a research report on Friday, June 21st. Three investment analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $467.12.

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.