MBE Wealth Management LLC Buys 108 Shares of Microsoft Co. (NASDAQ:MSFT)

MBE Wealth Management LLC grew its holdings in Microsoft Co. (NASDAQ:MSFT) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,646 shares of the software giant’s stock after purchasing an additional 108 shares during the period. MBE Wealth Management LLC’s holdings in Microsoft were worth $619,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of MSFT. International Assets Investment Management LLC bought a new stake in shares of Microsoft in the fourth quarter valued at approximately $9,625,201,000. FMR LLC raised its position in shares of Microsoft by 2.7% in the third quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock valued at $68,162,263,000 after purchasing an additional 5,762,902 shares during the period. Cerity Partners LLC grew its stake in Microsoft by 277.8% during the fourth quarter. Cerity Partners LLC now owns 7,004,341 shares of the software giant’s stock valued at $2,633,912,000 after acquiring an additional 5,150,160 shares in the last quarter. Barclays PLC grew its stake in Microsoft by 9.3% during the third quarter. Barclays PLC now owns 28,987,007 shares of the software giant’s stock valued at $9,152,647,000 after acquiring an additional 2,456,190 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new position in Microsoft during the fourth quarter valued at approximately $679,928,000. Institutional investors own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In related news, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the completion of the transaction, the executive vice president now owns 159,764 shares in the company, valued at $64,538,265.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the sale, the insider now owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the transaction, the executive vice president now owns 159,764 shares in the company, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. Corporate insiders own 0.03% of the company’s stock.

Microsoft Trading Down 1.0 %

NASDAQ:MSFT opened at $409.34 on Wednesday. The firm has a market capitalization of $3.04 trillion, a P/E ratio of 35.44, a P/E/G ratio of 2.15 and a beta of 0.89. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average of $413.84 and a 200 day moving average of $392.05. Microsoft Co. has a 52 week low of $306.09 and a 52 week high of $430.82.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, beating the consensus estimate of $2.81 by $0.13. The firm had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.45 earnings per share. On average, research analysts predict that Microsoft Co. will post 11.76 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.73%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is currently 25.97%.

Analyst Ratings Changes

Several brokerages recently commented on MSFT. Truist Financial reaffirmed a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research note on Monday, March 25th. The Goldman Sachs Group boosted their price objective on shares of Microsoft from $450.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Piper Sandler reaffirmed an “overweight” rating and set a $465.00 price objective (up previously from $455.00) on shares of Microsoft in a research note on Friday, April 26th. Barclays boosted their price objective on shares of Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Finally, Wells Fargo & Company boosted their price objective on shares of Microsoft from $480.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $452.61.

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.