Microsoft Co. (NASDAQ:MSFT) Stock Holdings Lifted by Martin Capital Partners LLC

Posted by on Jun 21st, 2023

Martin Capital Partners LLC raised its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 2.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,369 shares of the software giant’s stock after purchasing an additional 455 shares during the quarter. Microsoft makes up about 2.8% of Martin Capital Partners LLC’s holdings, making the stock its 10th biggest holding. Martin Capital Partners LLC’s holdings in Microsoft were worth $6,737,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Sentinel Pension Advisors Inc. increased its position in shares of Microsoft by 1.1% during the 4th quarter. Sentinel Pension Advisors Inc. now owns 3,746 shares of the software giant’s stock valued at $898,000 after purchasing an additional 39 shares during the last quarter. Providence First Trust Co increased its position in shares of Microsoft by 2.5% during the 4th quarter. Providence First Trust Co now owns 1,645 shares of the software giant’s stock valued at $395,000 after purchasing an additional 40 shares during the last quarter. Modus Advisors LLC increased its position in shares of Microsoft by 0.3% during the 1st quarter. Modus Advisors LLC now owns 14,316 shares of the software giant’s stock valued at $4,127,000 after purchasing an additional 40 shares during the last quarter. Lokken Investment Group LLC increased its position in shares of Microsoft by 0.3% during the 2nd quarter. Lokken Investment Group LLC now owns 11,976 shares of the software giant’s stock valued at $3,076,000 after purchasing an additional 41 shares during the last quarter. Finally, Denver Wealth Management Inc. increased its position in shares of Microsoft by 3.1% during the 4th quarter. Denver Wealth Management Inc. now owns 1,348 shares of the software giant’s stock valued at $323,000 after purchasing an additional 41 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Down 1.3 %

Shares of MSFT opened at $338.05 on Wednesday. The company has a market cap of $2.51 trillion, a PE ratio of 36.63, a P/E/G ratio of 3.04 and a beta of 0.93. The business has a fifty day moving average of $314.02 and a 200 day moving average of $275.74. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $351.47. The company has a quick ratio of 1.88, a current ratio of 1.91 and a debt-to-equity ratio of 0.22.

Microsoft (NASDAQ:MSFT – Get Rating) last issued its quarterly earnings results on Tuesday, April 25th. The software giant reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. The company had revenue of $52.86 billion during the quarter, compared to the consensus estimate of $51.01 billion. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. Microsoft’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the company earned $2.22 earnings per share. On average, sell-side analysts expect that Microsoft Co. will post 9.65 EPS for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be given 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 0.80%. Microsoft’s dividend payout ratio is presently 29.47%.

Insider Buying and Selling

In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction on Friday, May 5th. The stock was sold at an average price of $310.05, for a total value of $1,550,250.00. Following the sale, the chief marketing officer now owns 110,206 shares in the company, valued at $34,169,370.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction on Friday, May 5th. The stock was sold at an average price of $310.05, for a total value of $1,550,250.00. Following the sale, the chief marketing officer now owns 110,206 shares in the company, valued at $34,169,370.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Teri List sold 1,250 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $334.77, for a total value of $418,462.50. Following the completion of the sale, the director now owns 874 shares in the company, valued at approximately $292,588.98. The disclosure for this sale can be found here. Insiders sold a total of 51,331 shares of company stock worth $15,867,278 over the last three months. 0.03% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on MSFT. BMO Capital Markets increased their target price on shares of Microsoft from $347.00 to $385.00 in a report on Friday, June 9th. Stifel Nicolaus increased their target price on shares of Microsoft from $310.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. Wells Fargo & Company increased their target price on shares of Microsoft from $320.00 to $345.00 and gave the stock an “overweight” rating in a report on Wednesday, April 26th. UBS Group increased their target price on shares of Microsoft from $275.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, April 26th. Finally, 888 reissued a “maintains” rating on shares of Microsoft in a report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $333.23.

About Microsoft

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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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