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MBE Wealth Management LLC Increases Stock Position in Microsoft Corporation (NASDAQ:MSFT)

Microsoft logo with Computer and Technology background

Key Points

  • MBE Wealth Management LLC has increased its stake in Microsoft Corporation by 36.6%, owning 3,080 shares valued at approximately $1.16 million.
  • Microsoft's recent quarterly earnings beat expectations, with $3.65 earnings per share and a revenue of $76.44 billion, marking an 18.1% year-over-year increase.
  • The company announced a quarterly dividend of $0.83 per share, translating to an annualized yield of 0.65%.
  • MarketBeat previews the top five stocks to own by September 1st.

MBE Wealth Management LLC boosted its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 36.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,080 shares of the software giant's stock after purchasing an additional 825 shares during the quarter. Microsoft makes up 0.6% of MBE Wealth Management LLC's holdings, making the stock its 29th largest position. MBE Wealth Management LLC's holdings in Microsoft were worth $1,156,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Microsoft by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock valued at $288,336,224,000 after purchasing an additional 10,431,988 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Microsoft by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 168,128,024 shares of the software giant's stock valued at $70,720,874,000 after purchasing an additional 3,103,212 shares in the last quarter. Norges Bank purchased a new stake in shares of Microsoft in the fourth quarter valued at approximately $44,343,058,000. Northern Trust Corp grew its position in shares of Microsoft by 16.1% in the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock valued at $35,316,535,000 after purchasing an additional 11,600,470 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Microsoft by 9.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,961,337 shares of the software giant's stock valued at $25,273,704,000 after purchasing an additional 5,370,546 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insider Activity

In related news, EVP Judson Althoff sold 16,000 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the transaction, the executive vice president owned 98,010 shares of the company's stock, valued at $44,906,221.80. This trade represents a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Bradford L. Smith sold 6,000 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the transaction, the insider directly owned 471,036 shares in the company, valued at approximately $204,038,664.12. This represents a 1.26% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 60,743 shares of company stock valued at $27,520,933. Insiders own 0.03% of the company's stock.

Analyst Ratings Changes

MSFT has been the subject of several analyst reports. Barclays increased their price objective on Microsoft from $550.00 to $625.00 and gave the stock an "overweight" rating in a research report on Thursday. TD Cowen upped their price target on Microsoft from $580.00 to $640.00 and gave the stock a "buy" rating in a research note on Thursday. Raymond James Financial upped their price target on Microsoft from $490.00 to $570.00 and gave the stock an "outperform" rating in a research note on Monday. Scotiabank increased their price objective on Microsoft from $500.00 to $650.00 and gave the company a "sector outperform" rating in a research note on Thursday. Finally, Wedbush increased their price objective on Microsoft from $600.00 to $625.00 and gave the company an "outperform" rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. According to data from MarketBeat.com, Microsoft has an average rating of "Moderate Buy" and a consensus price target of $609.86.

Read Our Latest Research Report on MSFT

Microsoft Stock Performance

Shares of MSFT traded down $9.39 during midday trading on Friday, reaching $524.11. 28,948,527 shares of the stock were exchanged, compared to its average volume of 17,331,950. The business's 50-day moving average price is $488.46 and its 200 day moving average price is $434.13. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.36. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $555.45. The company has a market capitalization of $3.90 trillion, a price-to-earnings ratio of 38.42, a PEG ratio of 2.39 and a beta of 1.06.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, July 30th. The software giant reported $3.65 EPS for the quarter, topping analysts' consensus estimates of $3.35 by $0.30. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The business had revenue of $76.44 billion for the quarter, compared to analysts' expectations of $73.79 billion. During the same quarter in the previous year, the firm earned $2.95 earnings per share. The business's revenue was up 18.1% compared to the same quarter last year. On average, sell-side analysts expect that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors 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 dividend on an annualized basis and a dividend yield of 0.6%. Microsoft's dividend payout ratio (DPR) is currently 24.34%.

Microsoft Profile

(Free Report)

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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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