WealthBridge Capital Management LLC Acquires 63 Shares of Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Sep 7th, 2023

WealthBridge Capital Management LLC boosted its stake in Microsoft Co. (NASDAQ:MSFT – Free Report) by 0.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,537 shares of the software giant’s stock after purchasing an additional 63 shares during the quarter. Microsoft comprises approximately 1.4% of WealthBridge Capital Management LLC’s portfolio, making the stock its 16th biggest holding. WealthBridge Capital Management LLC’s holdings in Microsoft were worth $3,615,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of MSFT. Affiance Financial LLC grew its position in Microsoft by 0.3% during the 1st quarter. Affiance Financial LLC now owns 10,362 shares of the software giant’s stock valued at $2,988,000 after purchasing an additional 35 shares during the last quarter. Henrickson Nauta Wealth Advisors Inc. raised its position in Microsoft by 1.3% in the 1st quarter. Henrickson Nauta Wealth Advisors Inc. now owns 2,898 shares of the software giant’s stock worth $835,000 after buying an additional 36 shares during the last quarter. Forbes Financial Planning Inc. boosted its holdings in shares of Microsoft by 2.0% during the 1st quarter. Forbes Financial Planning Inc. now owns 1,845 shares of the software giant’s stock valued at $532,000 after acquiring an additional 36 shares during the last quarter. Rede Wealth LLC boosted its holdings in shares of Microsoft by 0.4% during the 1st quarter. Rede Wealth LLC now owns 9,653 shares of the software giant’s stock valued at $2,783,000 after acquiring an additional 37 shares during the last quarter. Finally, Verus Financial Partners Inc. grew its stake in shares of Microsoft by 0.9% in the first quarter. Verus Financial Partners Inc. now owns 4,216 shares of the software giant’s stock worth $1,288,000 after acquiring an additional 37 shares during the period. 69.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MSFT. Guggenheim reiterated a “sell” rating and set a $232.00 target price on shares of Microsoft in a research note on Thursday, July 20th. UBS Group raised Microsoft from a “neutral” rating to a “buy” rating and increased their target price for the company from $345.00 to $400.00 in a report on Friday, July 14th. Morgan Stanley boosted their price target on Microsoft from $335.00 to $415.00 in a research note on Thursday, July 6th. The Goldman Sachs Group raised their price objective on shares of Microsoft from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, July 21st. Finally, TD Cowen upped their target price on shares of Microsoft from $330.00 to $390.00 and gave the company an “outperform” rating in a report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and thirty-three have assigned a buy rating to the company. According to data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and an average price target of $373.68.

Check Out Our Latest Stock Report on Microsoft

Microsoft Price Performance

MSFT stock opened at $332.88 on Thursday. The company has a fifty day simple moving average of $332.69 and a two-hundred day simple moving average of $309.50. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $366.78. The company has a quick ratio of 1.75, a current ratio of 1.77 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $2.47 trillion, a P/E ratio of 34.35, a price-to-earnings-growth ratio of 2.42 and a beta of 0.90.

Microsoft (NASDAQ:MSFT – Get Free Report) last released its quarterly earnings results on Tuesday, July 25th. The software giant reported $2.69 EPS for the quarter, topping the consensus estimate of $2.55 by $0.14. Microsoft had a return on equity of 38.70% and a net margin of 34.15%. The company had revenue of $56.19 billion during the quarter, compared to analyst estimates of $55.49 billion. During the same quarter last year, the business posted $2.23 earnings per share. The firm’s revenue was up 8.3% on a year-over-year basis. Analysts anticipate that Microsoft Co. will post 10.9 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

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 issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.72 annualized dividend and a yield of 0.82%. Microsoft’s payout ratio is presently 28.07%.

Insider Buying and Selling

In other news, insider Bradford L. Smith sold 50,000 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total value of $16,860,000.00. Following the sale, the insider now owns 588,084 shares of the company’s stock, valued at $198,301,924.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Bradford L. Smith sold 50,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the transaction, the insider now directly owns 588,084 shares in the company, valued at approximately $198,301,924.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Satya Nadella sold 38,234 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $328.43, for a total transaction of $12,557,192.62. Following the completion of the sale, the chief executive officer now directly owns 800,668 shares of the company’s stock, valued at approximately $262,963,391.24. The disclosure for this sale can be found here. Insiders sold a total of 115,049 shares of company stock worth $38,195,619 over the last three months. 0.03% of the stock is owned by insiders.

Microsoft Profile

(Free Report)

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.