MOKAN Wealth Management Inc. Grows Holdings in Microsoft Corporation (NASDAQ:MSFT)

MOKAN Wealth Management Inc. boosted its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 12.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,006 shares of the software giant's stock after buying an additional 1,670 shares during the quarter. Microsoft makes up about 3.4% of MOKAN Wealth Management Inc.'s investment portfolio, making the stock its 7th biggest holding. MOKAN Wealth Management Inc.'s holdings in Microsoft were worth $5,633,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Microsoft during the 4th quarter valued at $44,343,058,000. GAMMA Investing LLC boosted its position in shares of Microsoft by 40,290.4% in the first quarter. GAMMA Investing LLC now owns 46,695,303 shares of the software giant's stock worth $17,528,950,000 after buying an additional 46,579,693 shares during the period. Proficio Capital Partners LLC boosted its position in shares of Microsoft by 34,643.3% in the fourth quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock worth $7,096,913,000 after buying an additional 16,788,816 shares during the period. Northern Trust Corp boosted 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 worth $35,316,535,000 after buying an additional 11,600,470 shares during the period. Finally, Vanguard Group Inc. boosted 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 worth $288,336,224,000 after buying an additional 10,431,988 shares during the period. 71.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. BMO Capital Markets increased their price objective on Microsoft from $550.00 to $650.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Barclays raised their target price on Microsoft from $550.00 to $625.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. TD Cowen raised their target price on Microsoft from $580.00 to $640.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Mizuho raised their target price on Microsoft from $540.00 to $625.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, Bank of America raised their target price on Microsoft from $585.00 to $640.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Two investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $609.86.

Insider Activity

In other Microsoft news, EVP Judson Althoff sold 16,000 shares of the company's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the transaction, the executive vice president directly owned 98,010 shares in the company, valued at $44,906,221.80. This represents a 14.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the transaction, the executive vice president owned 43,100 shares in the company, valued at $19,481,631. This represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,743 shares of company stock valued at $24,921,913 in the last quarter. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Performance

MSFT traded down $2.81 during midday trading on Wednesday, reaching $524.94. The company had a trading volume of 21,298,640 shares, compared to its average volume of 22,431,307. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a market cap of $3.90 trillion, a PE ratio of 38.49, a P/E/G ratio of 2.34 and a beta of 1.06. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $555.45. The business has a 50-day moving average price of $492.99 and a two-hundred day moving average price of $436.40.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The software giant reported $3.65 EPS for the quarter, beating analysts' consensus estimates of $3.35 by $0.30. The company had revenue of $76.44 billion for the quarter, compared to analysts' expectations of $73.79 billion. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. Microsoft's revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.95 EPS. On average, sell-side analysts expect 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 issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is presently 24.34%.

Microsoft 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.