Microsoft Corporation (NASDAQ:MSFT) is MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's Largest Position

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 24.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 359,834 shares of the software giant's stock after buying an additional 71,713 shares during the quarter. Microsoft comprises 4.0% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's portfolio, making the stock its biggest holding. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Microsoft were worth $135,078,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MSFT. Ball & Co Wealth Management Inc. bought a new stake in shares of Microsoft in the 4th quarter valued at approximately $31,000. Fiduciary Advisors Inc. bought a new stake in shares of Microsoft in the 4th quarter valued at approximately $38,000. LSV Asset Management bought a new stake in shares of Microsoft in the 4th quarter valued at approximately $44,000. Fairway Wealth LLC bought a new stake in shares of Microsoft in the 4th quarter valued at approximately $62,000. Finally, IFS Advisors LLC lifted its stake in shares of Microsoft by 50.0% during the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock worth $57,000 after acquiring an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the sale, the executive vice president owned 134,888 shares in the company, valued at approximately $61,208,127.76. The trade was a 13.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Judson Althoff sold 16,000 shares of the business's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $458.18, for a total value of $7,330,880.00. Following the completion of the transaction, the executive vice president directly owned 98,010 shares of the company's stock, valued at approximately $44,906,221.80. This trade represents a 14.03% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on MSFT shares. TD Securities raised their price target on Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. UBS Group reissued a "positive" rating on shares of Microsoft in a research note on Monday, June 30th. Needham & Company LLC reissued a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Barclays raised their price target on Microsoft from $430.00 to $494.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Finally, Guggenheim reissued a "neutral" rating on shares of Microsoft in a research note on Thursday, May 1st. Four analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $541.79.

Microsoft Trading Down 0.3%

Shares of NASDAQ:MSFT opened at $510.05 on Friday. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $514.64. The business's fifty day simple moving average is $477.78 and its 200-day simple moving average is $428.49. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $3.79 trillion, a PE ratio of 39.42, a P/E/G ratio of 2.33 and a beta of 1.04.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The firm had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same period in the previous year, the business earned $2.94 EPS. The firm's revenue for the quarter was up 13.3% on a year-over-year basis. As a group, equities research analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.65%. Microsoft's payout ratio is presently 25.66%.

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.

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