McGlone Suttner Wealth Management Inc. Increases Stake in Microsoft Co. (NASDAQ:MSFT)

McGlone Suttner Wealth Management Inc. raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,580 shares of the software giant’s stock after buying an additional 196 shares during the quarter. Microsoft comprises about 1.1% of McGlone Suttner Wealth Management Inc.’s portfolio, making the stock its 14th biggest holding. McGlone Suttner Wealth Management Inc.’s holdings in Microsoft were worth $5,483,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Microsoft by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock valued at $147,714,197,000 after buying an additional 6,129,708 shares in the last quarter. State Street Corp grew its holdings in shares of Microsoft by 0.7% in the third quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock valued at $68,824,173,000 after purchasing an additional 1,951,554 shares during the period. FMR LLC increased its position in Microsoft by 2.7% during the third quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock worth $68,162,263,000 after purchasing an additional 5,762,902 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Microsoft by 0.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock worth $50,302,677,000 after purchasing an additional 556,020 shares during the period. Finally, Moneta Group Investment Advisors LLC boosted its holdings in Microsoft by 112,158.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock valued at $36,017,948,000 after purchasing an additional 150,053,637 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction on Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the transaction, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $403.96, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the sale, the insider now directly owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The disclosure for this sale can be found here. Insiders have sold a total of 1,070,258 shares of company stock valued at $30,690,456 over the last quarter. Company insiders own 0.03% of the company’s stock.

Microsoft Trading Down 1.4 %

MSFT opened at $421.90 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.22. Microsoft Co. has a one year low of $275.37 and a one year high of $430.82. The company has a market cap of $3.13 trillion, a P/E ratio of 38.15, a PEG ratio of 2.26 and a beta of 0.89. The business’s 50-day simple moving average is $415.19 and its 200-day simple moving average is $381.58.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Tuesday, January 30th. The software giant reported $2.93 EPS for the quarter, beating the consensus estimate of $2.76 by $0.17. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The company had revenue of $62.02 billion for the quarter, compared to analyst estimates of $61.14 billion. During the same period in the prior year, the firm posted $2.32 earnings per share. The firm’s revenue was up 17.6% on a year-over-year basis. As a group, equities research analysts expect that Microsoft Co. will post 11.61 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.71%. Microsoft’s dividend payout ratio is presently 27.12%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MSFT shares. BMO Capital Markets raised their price target on shares of Microsoft from $455.00 to $465.00 and gave the stock an “outperform” rating in a report on Friday. UBS Group restated a “buy” rating and issued a $480.00 target price on shares of Microsoft in a research report on Wednesday. KeyCorp initiated coverage on Microsoft in a research note on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price target on the stock. Macquarie raised their price objective on Microsoft from $430.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Finally, Royal Bank of Canada upped their target price on shares of Microsoft from $415.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Four analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the stock. According to MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus target price of $430.52.

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.