AE Wealth Management LLC Boosts Holdings in Microsoft Co. (NASDAQ:MSFT)

AE Wealth Management LLC grew its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 5.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 761,408 shares of the software giant’s stock after buying an additional 38,070 shares during the period. Microsoft makes up 1.4% of AE Wealth Management LLC’s holdings, making the stock its 6th biggest position. AE Wealth Management LLC’s holdings in Microsoft were worth $177,332,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MSFT. Aaron Wealth Advisors LLC increased its position in shares of Microsoft by 35,465.9% in the first quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock worth $66,852,000 after purchasing an additional 20,553,188 shares during the period. Vanguard Group Inc. increased its position in shares of Microsoft by 0.9% in the first 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 during the period. Bishop Rock Capital L.P. grew its position in Microsoft by 11,434.2% in the second quarter. Bishop Rock Capital L.P. now owns 5,460,976 shares of the software giant’s stock valued at $21,263,000 after acquiring an additional 5,413,630 shares during the last quarter. Renaissance Technologies LLC bought a new position in Microsoft in the second quarter valued at about $981,125,000. Finally, Swiss National Bank grew its position in Microsoft by 13.8% in the first 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 during the last quarter. Institutional investors own 69.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on MSFT shares. Morgan Stanley decreased their target price on Microsoft from $325.00 to $307.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 26th. Wells Fargo & Company decreased their target price on Microsoft from $315.00 to $300.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 26th. Rosenblatt Securities decreased their target price on Microsoft from $300.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, October 27th. Oppenheimer decreased their target price on Microsoft from $275.00 to $265.00 in a research report on Wednesday, October 26th. Finally, Piper Sandler cut their price target on Microsoft from $265.00 to $247.00 and set an “overweight” rating on the stock in a research note on Monday, January 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $287.88.

Insider Activity

In other news, EVP Judson Althoff sold 24,144 shares of the business’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $254.27, for a total transaction of $6,139,094.88. Following the completion of the sale, the executive vice president now owns 150,047 shares in the company, valued at $38,152,450.69. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of MSFT opened at $240.22 on Monday. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $315.95. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 1.84. The business’s 50 day moving average price is $241.70 and its two-hundred day moving average price is $249.89. The firm has a market cap of $1.79 trillion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 2.36 and a beta of 0.94.

Microsoft (NASDAQ:MSFTGet Rating) last issued its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.06. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The firm had revenue of $50.12 billion for the quarter, compared to analyst estimates of $49.70 billion. During the same period in the previous year, the firm earned $2.27 earnings per share. The company’s revenue was up 10.6% compared to the same quarter last year. On average, equities analysts anticipate that Microsoft Co. will post 9.51 EPS for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 9th. Stockholders of record on Wednesday, February 15th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $2.72 annualized dividend and a dividend yield of 1.13%. Microsoft’s dividend payout ratio is 29.31%.

Microsoft Profile

(Get Rating)

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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