Hilltop Wealth Advisors LLC Purchases 4,109 Shares of Microsoft Corporation $MSFT

Hilltop Wealth Advisors LLC grew its position in Microsoft Corporation (NASDAQ:MSFTFree Report) by 73.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,715 shares of the software giant’s stock after acquiring an additional 4,109 shares during the quarter. Microsoft comprises approximately 2.6% of Hilltop Wealth Advisors LLC’s portfolio, making the stock its 7th biggest position. Hilltop Wealth Advisors LLC’s holdings in Microsoft were worth $5,032,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Norges Bank acquired a new position in Microsoft in the second quarter valued at $50,493,678,000. Kingstone Capital Partners Texas LLC grew its holdings in shares of Microsoft by 564,387.1% during the second quarter. Kingstone Capital Partners Texas LLC now owns 90,549,369 shares of the software giant’s stock worth $45,040,162,000 after buying an additional 90,533,328 shares during the last quarter. Nuveen LLC acquired a new position in Microsoft in the 1st quarter valued at about $18,733,827,000. Laurel Wealth Advisors LLC increased its position in Microsoft by 49,640.3% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 29,967,038 shares of the software giant’s stock valued at $14,905,904,000 after acquiring an additional 29,906,791 shares during the period. Finally, Vanguard Group Inc. raised its stake in Microsoft by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 705,077,786 shares of the software giant’s stock valued at $350,712,742,000 after acquiring an additional 13,691,572 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Stock Up 1.2%

Shares of NASDAQ MSFT opened at $478.51 on Wednesday. The stock has a market capitalization of $3.56 trillion, a price-to-earnings ratio of 34.03, a price-to-earnings-growth ratio of 1.77 and a beta of 1.07. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $555.45. The firm has a 50-day moving average price of $491.02 and a 200 day moving average price of $503.98. The company has a quick ratio of 1.39, a current ratio of 1.40 and a debt-to-equity ratio of 0.10.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its earnings results on Wednesday, October 29th. The software giant reported $4.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.65 by $0.48. The company had revenue of $77.67 billion during the quarter, compared to analysts’ expectations of $75.49 billion. Microsoft had a net margin of 35.71% and a return on equity of 32.45%. The firm’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period last year, the company posted $3.30 earnings per share. Equities research analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, February 19th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $3.64 annualized dividend and a yield of 0.8%. Microsoft’s payout ratio is currently 25.89%.

More Microsoft News

Here are the key news stories impacting Microsoft this week:

Insiders Place Their Bets

In related news, CEO Judson Althoff sold 12,750 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $491.52, for a total value of $6,266,880.00. Following the sale, the chief executive officer directly owned 129,349 shares in the company, valued at $63,577,620.48. The trade was a 8.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bradford L. Smith sold 38,500 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $518.64, for a total transaction of $19,967,640.00. Following the transaction, the insider owned 461,597 shares of the company’s stock, valued at $239,402,668.08. This trade represents a 7.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 54,100 shares of company stock worth $27,598,872. 0.03% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MSFT. DA Davidson reissued a “buy” rating and issued a $650.00 target price on shares of Microsoft in a report on Thursday, December 4th. Guggenheim set a $675.00 price objective on shares of Microsoft in a research note on Wednesday, November 19th. Redburn Partners set a $560.00 target price on shares of Microsoft in a research note on Wednesday, October 22nd. Cantor Fitzgerald set a $639.00 target price on shares of Microsoft in a report on Thursday, October 30th. Finally, Melius Research increased their price target on shares of Microsoft from $595.00 to $625.00 in a report on Thursday, September 25th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $631.03.

Read Our Latest Research Report on MSFT

Microsoft Profile

(Free Report)

Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.

Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).

Featured Stories

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFTFree Report).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.