Kwmg LLC Purchases 82 Shares of Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Sep 21st, 2023

Kwmg LLC grew its position in Microsoft Co. (NASDAQ:MSFT – Free Report) by 0.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,730 shares of the software giant’s stock after buying an additional 82 shares during the period. Kwmg LLC’s holdings in Microsoft were worth $7,400,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of 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 purchasing an additional 6,129,708 shares during the last quarter. State Street Corp raised its position in shares of Microsoft by 0.7% in the 3rd 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 last quarter. FMR LLC raised its position in shares of Microsoft by 0.8% in the 1st quarter. FMR LLC now owns 200,523,373 shares of the software giant’s stock valued at $57,810,889,000 after purchasing an additional 1,537,712 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Microsoft by 0.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock valued at $50,302,677,000 after purchasing an additional 556,020 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC raised its position in Microsoft by 112,158.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock worth $36,017,948,000 after buying an additional 150,053,637 shares during the last quarter. 69.20% of the stock is currently owned by institutional investors.

Microsoft Stock Down 2.4 %

NASDAQ MSFT opened at $320.77 on Thursday. 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 business’s fifty day simple moving average is $331.64 and its 200-day simple moving average is $315.08. The firm has a market cap of $2.38 trillion, a PE ratio of 33.10, a P/E/G ratio of 2.42 and a beta of 0.90.

Microsoft (NASDAQ:MSFT – Get Free Report) last issued its quarterly earnings data on Tuesday, July 25th. The software giant reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.14. The firm had revenue of $56.19 billion for the quarter, compared to analyst estimates of $55.49 billion. Microsoft had a net margin of 34.15% and a return on equity of 38.70%. Microsoft’s revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.23 EPS. As a group, equities analysts anticipate that Microsoft Co. will post 10.9 earnings per share for the current year.

Microsoft Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be issued a $0.75 dividend. This is a positive change from Microsoft’s previous quarterly dividend of $0.68. This represents a $3.00 annualized dividend and a yield of 0.94%. The ex-dividend date is Wednesday, November 15th. Microsoft’s payout ratio is 28.07%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Stifel Nicolaus raised their price target on shares of Microsoft from $320.00 to $380.00 and gave the stock a “buy” rating in a research report on Thursday, July 20th. HSBC assumed coverage on shares of Microsoft in a research report on Friday, September 15th. They set a “hold” rating and a $347.00 price target for the company. Fundamental Research set a $298.10 price target on shares of Microsoft and gave the stock a “hold” rating in a research report on Wednesday, August 9th. Argus lifted their target price on shares of Microsoft from $371.00 to $390.00 and gave the company a “buy” rating in a report on Monday, July 31st. Finally, Guggenheim reaffirmed a “sell” rating and set a $232.00 target price on shares of Microsoft in a report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $375.03.

Get Our Latest Stock Report on MSFT

Insider Activity at Microsoft

In related news, EVP Kathleen T. Hogan sold 26,815 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $327.37, for a total value of $8,778,426.55. Following the sale, the executive vice president now directly owns 198,373 shares in the company, valued at approximately $64,941,369.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Microsoft news, EVP Kathleen T. Hogan sold 26,815 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $327.37, for a total transaction of $8,778,426.55. Following the sale, the executive vice president now directly owns 198,373 shares in the company, valued at $64,941,369.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bradford L. Smith sold 50,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the sale, the insider now owns 588,084 shares in the company, valued at $198,301,924.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 115,049 shares of company stock worth $38,195,619. Company insiders own 0.03% of the company’s stock.

About Microsoft

(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.