Hubbell Strickland Wealth Management LLC Acquires 5,062 Shares of Microsoft Co. (NASDAQ:MSFT)

Hubbell Strickland Wealth Management LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 44.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,412 shares of the software giant’s stock after buying an additional 5,062 shares during the period. Microsoft accounts for approximately 2.8% of Hubbell Strickland Wealth Management LLC’s holdings, making the stock its 6th biggest position. Hubbell Strickland Wealth Management LLC’s holdings in Microsoft were worth $4,215,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MSFT. Aaron Wealth Advisors LLC lifted its holdings in shares of Microsoft by 35,465.9% during the 1st quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock worth $66,852,000 after acquiring an additional 20,553,188 shares during the period. Vanguard Group Inc. increased its position in shares of Microsoft by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock worth $191,644,927,000 after purchasing an additional 5,648,095 shares in the last quarter. Swiss National Bank increased its position in Microsoft by 13.8% in the 1st quarter. Swiss National Bank now owns 30,893,155 shares of the software giant’s stock valued at $9,524,669,000 after acquiring an additional 3,757,500 shares in the last quarter. Jennison Associates LLC increased its position in Microsoft by 13.2% in the 1st quarter. Jennison Associates LLC now owns 23,092,331 shares of the software giant’s stock valued at $7,119,597,000 after acquiring an additional 2,696,424 shares in the last quarter. Finally, Verity Asset Management Inc. increased its position in Microsoft by 21,811.0% in the 1st quarter. Verity Asset Management Inc. now owns 2,047,582 shares of the software giant’s stock valued at $2,901,000 after acquiring an additional 2,038,237 shares in the last quarter. 69.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MSFT. Wells Fargo & Company reduced their price objective on shares of Microsoft from $315.00 to $300.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 26th. JPMorgan Chase & Co. reduced their price objective on shares of Microsoft from $305.00 to $275.00 in a research note on Wednesday, October 26th. Cowen cut their price target on shares of Microsoft from $310.00 to $285.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Microsoft from $315.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, October 26th. Finally, Fundamental Research cut their price target on shares of Microsoft to $270.00 and set a “buy” rating on the stock in a research note on Tuesday, November 8th. Three research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $300.64.

Microsoft Trading Down 2.3 %

Shares of MSFT opened at $241.55 on Tuesday. The business has a 50-day moving average of $239.20 and a 200 day moving average of $257.31. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $349.67. The firm has a market cap of $1.80 trillion, a P/E ratio of 26.03, a price-to-earnings-growth ratio of 2.38 and a beta of 0.92. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 1.84.

Microsoft (NASDAQ:MSFTGet Rating) last issued its earnings results on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, topping the consensus estimate of $2.30 by $0.05. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The business had revenue of $50.12 billion during the quarter, compared to the consensus estimate of $49.70 billion. During the same quarter last year, the company earned $2.27 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year. As a group, research analysts forecast that Microsoft Co. will post 9.62 EPS for the current year.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be paid a $0.68 dividend. The ex-dividend date is Wednesday, November 16th. This represents a $2.72 annualized dividend and a yield of 1.13%. This is an increase from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s dividend payout ratio (DPR) is currently 26.72%.

Insiders Place Their Bets

In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $266.25, for a total value of $1,331,250.00. Following the completion of the transaction, the chief marketing officer now owns 109,837 shares in the company, valued at approximately $29,244,101.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.03% of the stock is owned by corporate insiders.

Microsoft Profile

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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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