Microsoft Corporation (NASDAQ:MSFT) is TBH Global Asset Management LLC's 10th Largest Position

TBH Global Asset Management LLC boosted its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 33.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,575 shares of the software giant's stock after acquiring an additional 6,897 shares during the period. Microsoft accounts for about 1.0% of TBH Global Asset Management LLC's holdings, making the stock its 10th biggest position. TBH Global Asset Management LLC's holdings in Microsoft were worth $10,351,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Wall Street Financial Group Inc. increased its position in Microsoft by 27.8% in the 1st quarter. Wall Street Financial Group Inc. now owns 2,443 shares of the software giant's stock valued at $917,000 after acquiring an additional 531 shares during the period. Westfuller Advisors LLC increased its position in Microsoft by 14.6% in the 1st quarter. Westfuller Advisors LLC now owns 3,477 shares of the software giant's stock valued at $1,305,000 after acquiring an additional 444 shares during the period. Aljian Capital Management LLC increased its position in Microsoft by 3.0% in the 1st quarter. Aljian Capital Management LLC now owns 38,506 shares of the software giant's stock valued at $14,455,000 after acquiring an additional 1,120 shares during the period. Convergence Financial LLC increased its position in Microsoft by 3.0% in the 1st quarter. Convergence Financial LLC now owns 15,915 shares of the software giant's stock valued at $5,974,000 after acquiring an additional 463 shares during the period. Finally, Capital Advisors Wealth Management LLC increased its position in Microsoft by 15.3% in the 1st quarter. Capital Advisors Wealth Management LLC now owns 28,886 shares of the software giant's stock valued at $10,843,000 after acquiring an additional 3,823 shares during the period. Institutional investors and hedge funds own 71.13% of the company's stock.

Insider Transactions at Microsoft

In related news, EVP Judson Althoff sold 16,000 shares of the stock in a transaction on 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 completion of the sale, the executive vice president directly owned 98,010 shares in the company, valued at approximately $44,906,221.80. This represents a 14.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the sale, the executive vice president owned 134,888 shares of the company's stock, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,350 shares of company stock worth $21,493,447 in the last ninety days. Insiders own 0.03% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MSFT shares. Raymond James Financial boosted their price target on Microsoft from $490.00 to $570.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Oppenheimer lifted their price objective on Microsoft from $600.00 to $630.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Benchmark reaffirmed a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Mizuho lifted their price objective on Microsoft from $540.00 to $625.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. lifted their price objective on Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $609.86.

Microsoft Trading Up 0.3%

Shares of MSFT stock traded up $1.46 on Thursday, reaching $522.04. 13,172,430 shares of the stock were exchanged, compared to its average volume of 22,226,391. The stock has a market cap of $3.88 trillion, a P/E ratio of 38.24, a price-to-earnings-growth ratio of 2.32 and a beta of 1.06. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average of $500.51 and a two-hundred day moving average of $439.91. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $555.45.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The software giant reported $3.65 EPS for the quarter, topping analysts' consensus estimates of $3.35 by $0.30. The business had revenue of $76.44 billion during the quarter, compared to the consensus estimate of $73.79 billion. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The business's revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.95 EPS. On average, research analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio is presently 24.34%.

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.