TBH Global Asset Management LLC Grows Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

TBH Global Asset Management LLC lifted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 10.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,327 shares of the software giant’s stock after buying an additional 2,392 shares during the period. Microsoft makes up approximately 1.5% of TBH Global Asset Management LLC’s portfolio, making the stock its 14th largest position. TBH Global Asset Management LLC’s holdings in Microsoft were worth $7,013,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Monumental Financial Group Inc. acquired a new stake in shares of Microsoft during the 1st quarter worth approximately $28,000. PayPay Securities Corp acquired a new stake in Microsoft in the 4th quarter valued at approximately $54,000. Gleason Group Inc. increased its holdings in Microsoft by 111.7% in the 1st quarter. Gleason Group Inc. now owns 199 shares of the software giant’s stock valued at $57,000 after purchasing an additional 105 shares during the last quarter. Syverson Strege & Co increased its holdings in Microsoft by 157.0% in the 1st quarter. Syverson Strege & Co now owns 203 shares of the software giant’s stock valued at $58,000 after purchasing an additional 124 shares during the last quarter. Finally, MayTech Global Investments LLC acquired a new stake in Microsoft in the 4th quarter valued at approximately $83,000. Institutional investors and hedge funds own 69.20% of the company’s stock.

Microsoft Price Performance

Shares of MSFT opened at $328.66 on Tuesday. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $366.78. The stock has a market cap of $2.44 trillion, a PE ratio of 33.92, a price-to-earnings-growth ratio of 2.42 and a beta of 0.90. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.77 and a quick ratio of 1.75. The firm has a fifty day moving average price of $332.77 and a 200 day moving average price of $308.80.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Tuesday, July 25th. The software giant reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.14. The firm had revenue of $56.19 billion during the quarter, compared to analysts’ expectations of $55.49 billion. Microsoft had a net margin of 34.15% and a return on equity of 38.70%. Microsoft’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.23 earnings per share. As a group, sell-side analysts anticipate that Microsoft Co. will post 10.9 EPS for the current year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be paid a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.72 dividend on an annualized basis and a yield of 0.83%. Microsoft’s dividend payout ratio is presently 28.07%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of Microsoft in a report on Thursday, August 17th. They issued a “buy” rating for the company. Redburn Partners dropped their target price on shares of Microsoft from $450.00 to $440.00 and set a “buy” rating for the company in a report on Friday, August 11th. Morgan Stanley lifted their target price on shares of Microsoft from $335.00 to $415.00 in a report on Thursday, July 6th. BMO Capital Markets raised their price target on shares of Microsoft from $385.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, July 26th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Microsoft from $340.00 to $380.00 in a research report on Tuesday, May 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and thirty-three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $373.68.

Insider Buying and Selling at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 50,000 shares of Microsoft stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total value of $16,860,000.00. Following the transaction, the insider now directly owns 588,084 shares in the company, valued at $198,301,924.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.03% of the stock is currently owned by company insiders.

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.