Magnolia Capital Management Ltd. Has $2.90 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Magnolia Capital Management Ltd. lifted its position in Microsoft Co. (NASDAQ:MSFT) by 1.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,489 shares of the software giant’s stock after acquiring an additional 120 shares during the period. Microsoft accounts for about 2.4% of Magnolia Capital Management Ltd.’s investment portfolio, making the stock its 9th largest holding. Magnolia Capital Management Ltd.’s holdings in Microsoft were worth $2,900,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Microsoft during the fourth quarter valued at $35,920,047,000. Vanguard Group Inc. increased its stake in Microsoft by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock valued at $250,032,357,000 after purchasing an additional 15,701,937 shares in the last quarter. Swedbank AB purchased a new position in Microsoft in the first quarter worth about $5,587,119,000. TCI Fund Management Ltd. purchased a new stake in shares of Microsoft during the fourth quarter valued at approximately $4,000,376,000. Finally, Cerity Partners LLC increased its position in shares of 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. Institutional investors own 71.13% of the company’s stock.

Microsoft Trading Down 0.8 %

Shares of Microsoft stock opened at $410.60 on Thursday. The company has a market capitalization of $3.05 trillion, a P/E ratio of 35.55, a P/E/G ratio of 2.11 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.23 and a current ratio of 1.27. The company has a fifty day moving average of $433.71 and a 200 day moving average of $422.83. Microsoft Co. has a fifty-two week low of $309.45 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.05. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The company had revenue of $64.73 billion during the quarter, compared to the consensus estimate of $64.38 billion. During the same quarter in the prior year, the firm posted $2.69 EPS. Microsoft’s quarterly revenue was up 15.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Microsoft Co. will post 13.04 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Thursday, August 15th. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

Insider Buying and Selling at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the completion of the transaction, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Satya Nadella sold 14,398 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the sale, the chief executive officer now directly owns 786,933 shares in the company, valued at approximately $328,473,703.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Takeshi Numoto sold 244 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $415.53, for a total transaction of $101,389.32. Following the completion of the sale, the chief marketing officer now directly owns 47,011 shares in the company, valued at $19,534,480.83. The disclosure for this sale can be found here. Insiders sold 14,964 shares of company stock valued at $6,245,404 in the last 90 days. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. Morgan Stanley cut their target price on Microsoft from $520.00 to $506.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Oppenheimer increased their price objective on Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, June 7th. Wedbush reissued an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research report on Wednesday, July 31st. TD Cowen boosted their price objective on shares of Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Finally, Bank of America increased their price objective on shares of Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Two investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. Based on data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $494.72.

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.