Magnolia Private Wealth LLC Grows Position in Microsoft Corporation (NASDAQ:MSFT)

Magnolia Private Wealth LLC increased its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 14.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,911 shares of the software giant's stock after buying an additional 753 shares during the quarter. Microsoft comprises 1.2% of Magnolia Private Wealth LLC's investment portfolio, making the stock its 16th biggest holding. Magnolia Private Wealth LLC's holdings in Microsoft were worth $2,219,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of MSFT. Norges Bank acquired a new stake in shares of Microsoft in the 4th quarter valued at approximately $44,343,058,000. GAMMA Investing LLC lifted its holdings in shares of Microsoft by 40,290.4% in the 1st quarter. GAMMA Investing LLC now owns 46,695,303 shares of the software giant's stock valued at $17,528,950,000 after buying an additional 46,579,693 shares during the period. Proficio Capital Partners LLC lifted its holdings in shares of Microsoft by 34,643.3% in the 4th quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock valued at $7,096,913,000 after buying an additional 16,788,816 shares during the period. Northern Trust Corp raised its holdings in Microsoft by 16.1% during the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock worth $35,316,535,000 after purchasing an additional 11,600,470 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Microsoft by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock worth $288,336,224,000 after purchasing an additional 10,431,988 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Stock Performance

Microsoft stock opened at $503.32 on Monday. The firm has a market capitalization of $3.74 trillion, a PE ratio of 38.90, a price-to-earnings-growth ratio of 2.28 and a beta of 1.04. The stock's 50 day moving average price is $470.64 and its 200 day moving average price is $425.67. Microsoft Corporation has a one year low of $344.79 and a one year high of $506.78. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The firm had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter in the previous year, the firm posted $2.94 EPS. The firm's quarterly revenue was up 13.3% on a year-over-year basis. As a group, sell-side analysts expect that Microsoft Corporation 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, September 11th. Shareholders of record on Thursday, August 21st will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.66%. Microsoft's dividend payout ratio is presently 25.66%.

Insider Activity at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the transaction, the insider owned 471,036 shares of the company's stock, valued at $204,038,664.12. This trade represents a 1.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the transaction, the executive vice president directly owned 134,888 shares in the company, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock worth $60,224,683 over the last ninety days. Company insiders own 0.03% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Westpark Capital reaffirmed a "hold" rating on shares of Microsoft in a report on Thursday, May 1st. TD Securities raised their price target on Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Cantor Fitzgerald raised their price target on Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Guggenheim reissued a "neutral" rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $530.00 price objective (up previously from $482.00) on shares of Microsoft in a research report on Thursday, June 26th. Four analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $534.14.

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.

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