Microsoft Corporation (NASDAQ:MSFT) Stake Raised by Mmbg Investment Advisors CO.

Mmbg Investment Advisors CO. boosted its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 2.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 178,909 shares of the software giant's stock after purchasing an additional 4,577 shares during the quarter. Microsoft comprises 7.6% of Mmbg Investment Advisors CO.'s portfolio, making the stock its 3rd largest position. Mmbg Investment Advisors CO.'s holdings in Microsoft were worth $67,161,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. WFA Asset Management Corp lifted its stake in shares of Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after buying an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. lifted its stake in shares of Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after buying an additional 38 shares in the last quarter. Discipline Wealth Solutions LLC lifted its stake in shares of Microsoft by 410.4% in the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after buying an additional 2,138 shares in the last quarter. Wealth Group Ltd. lifted its stake in shares of Microsoft by 1.2% in the fourth quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant's stock worth $1,000,000 after buying an additional 28 shares in the last quarter. Finally, Tallon Kerry Patrick bought a new position in shares of Microsoft in the fourth quarter worth approximately $1,375,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. KeyCorp upgraded shares of Microsoft from a "sector weight" rating to an "overweight" rating and set a $630.00 price objective on the stock in a research report on Thursday, July 31st. Cantor Fitzgerald upped their target price on shares of Microsoft from $581.00 to $639.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Wells Fargo & Company reaffirmed an "overweight" rating and set a $650.00 target price (up from $600.00) on shares of Microsoft in a report on Thursday, July 31st. Wall Street Zen raised shares of Microsoft from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Mizuho upped their target price on shares of Microsoft from $540.00 to $625.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Two research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $609.86.

Insiders Place Their Bets

In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of the firm'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 directly owned 134,888 shares of the company's stock, valued at $61,208,127.76. This trade represents a 13.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Judson Althoff sold 16,000 shares of the firm'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 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,743 shares of company stock valued at $24,921,913. 0.03% of the stock is currently owned by company insiders.

Microsoft Price Performance

Microsoft stock traded up $7.47 during midday trading on Tuesday, hitting $529.24. 18,664,385 shares of the company's stock were exchanged, compared to its average volume of 20,189,628. The stock has a 50-day moving average price of $499.37 and a two-hundred day moving average price of $439.35. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $555.45. 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 company has a market cap of $3.93 trillion, a P/E ratio of 38.80, a PEG ratio of 2.28 and a beta of 1.06.

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

Microsoft Announces Dividend

The firm also recently announced 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. This represents a $3.32 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is currently 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.