Microsoft Corporation (NASDAQ:MSFT) is MOKAN Wealth Management Inc.’s 7th Largest Position

MOKAN Wealth Management Inc. grew its position in Microsoft Corporation (NASDAQ:MSFT) by 12.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,006 shares of the software giant’s stock after buying an additional 1,670 shares during the quarter. Microsoft accounts for 3.4% of MOKAN Wealth Management Inc.’s holdings, making the stock its 7th largest holding. MOKAN Wealth Management Inc.’s holdings in Microsoft were worth $5,633,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Brady Martz Wealth Solutions LLC raised its position in shares of Microsoft by 1.4% in the 1st quarter. Brady Martz Wealth Solutions LLC now owns 6,650 shares of the software giant’s stock worth $2,496,000 after acquiring an additional 95 shares in the last quarter. Mcdaniel Terry & Co. raised its position in shares of Microsoft by 6.1% in the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock worth $133,023,000 after acquiring an additional 18,052 shares in the last quarter. Strategic Financial Services Inc. raised its position in shares of Microsoft by 7.8% in the 4th quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant’s stock worth $7,345,000 after acquiring an additional 1,268 shares in the last quarter. Elevate Wealth Advisory Inc. raised its position in shares of Microsoft by 147.9% in the 4th quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant’s stock worth $737,000 after acquiring an additional 1,043 shares in the last quarter. Finally, Intellus Advisors LLC bought a new position in shares of Microsoft in the 4th quarter worth $16,075,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Microsoft

In other news, EVP Takeshi Numoto sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total value of $1,389,000.00. Following the transaction, the executive vice president owned 43,930 shares in the company, valued at $20,339,590. This trade represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Amy Coleman sold 13,243 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the transaction, the executive vice president owned 43,100 shares in the company, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 54,743 shares of company stock worth $24,921,913. 0.03% of the stock is owned by insiders.

Analysts Set New Price Targets

MSFT has been the subject of several recent research reports. Westpark Capital reissued a “hold” rating on shares of Microsoft in a research report on Thursday, July 31st. Royal Bank Of Canada upped their target price on Microsoft from $525.00 to $640.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. BMO Capital Markets upped their target price on Microsoft from $550.00 to $650.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Bank of America upped their target price on Microsoft from $585.00 to $640.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Finally, Evercore ISI upped their target price on Microsoft from $515.00 to $545.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Two investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $609.86.

Microsoft Trading Up 2.2%

Shares of NASDAQ:MSFT opened at $535.64 on Tuesday. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $555.45. The firm has a market capitalization of $3.98 trillion, a price-to-earnings ratio of 39.27, a price-to-earnings-growth ratio of 2.31 and a beta of 1.06. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35. The business’s 50 day moving average price is $491.65 and its 200-day moving average price is $435.76.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share for the quarter, beating the consensus estimate of $3.35 by $0.30. The business had revenue of $76.44 billion for the quarter, compared to the consensus estimate of $73.79 billion. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.95 earnings per share. On average, equities research analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, August 21st. Microsoft’s dividend payout ratio (DPR) is 24.34%.

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.