Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Wealth Management Partners LLC

Posted by Defense World Staff on Oct 25th, 2023

Wealth Management Partners LLC increased its stake in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 1.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,747 shares of the software giant’s stock after purchasing an additional 234 shares during the quarter. Microsoft accounts for 4.9% of Wealth Management Partners LLC’s holdings, making the stock its 5th largest holding. Wealth Management Partners LLC’s holdings in Microsoft were worth $7,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Monumental Financial Group Inc. purchased a new stake in Microsoft during the 1st quarter worth about $28,000. Gleason Group Inc. lifted its holdings in shares of Microsoft by 111.7% in the 1st quarter. Gleason Group Inc. now owns 199 shares of the software giant’s stock valued at $57,000 after purchasing an additional 105 shares during the last quarter. Syverson Strege & Co lifted its holdings in shares of Microsoft by 157.0% in the 1st quarter. Syverson Strege & Co now owns 203 shares of the software giant’s stock valued at $58,000 after purchasing an additional 124 shares during the last quarter. MayTech Global Investments LLC purchased a new stake in shares of Microsoft in the 4th quarter valued at about $83,000. Finally, Beutel Goodman & Co Ltd. lifted its holdings in shares of Microsoft by 57.5% in the 3rd quarter. Beutel Goodman & Co Ltd. now owns 411 shares of the software giant’s stock valued at $95,000 after purchasing an additional 150 shares during the last quarter. 69.20% of the stock is owned by institutional investors and hedge funds.

Microsoft Trading Up 0.4 %

Shares of MSFT opened at $330.53 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 1.75 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $2.46 trillion, a P/E ratio of 34.11, a price-to-earnings-growth ratio of 2.41 and a beta of 0.91. The stock’s fifty day simple moving average is $325.78 and its 200 day simple moving average is $323.97. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $366.78.

Microsoft (NASDAQ:MSFT – Get Free Report) last issued its earnings results on Tuesday, October 24th. The software giant reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.34. The business had revenue of $56.52 billion for the quarter, compared to analyst estimates of $54.52 billion. Microsoft had a return on equity of 38.70% and a net margin of 34.15%. The business’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period last year, the company posted $2.35 EPS. On average, equities research analysts forecast that Microsoft Co. will post 10.9 earnings per share for the current year.

Microsoft Increases Dividend

The business also recently declared 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 an increase from Microsoft’s previous quarterly dividend of $0.68. This represents a $3.00 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft’s dividend payout ratio is currently 28.07%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. KeyCorp boosted their target price on Microsoft from $340.00 to $400.00 in a report on Tuesday, July 18th. The Goldman Sachs Group boosted their price target on Microsoft from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, July 21st. Wells Fargo & Company restated an “overweight” rating and issued a $400.00 price target on shares of Microsoft in a research report on Monday, October 2nd. JPMorgan Chase & Co. restated an “overweight” rating and issued a $385.00 price target on shares of Microsoft in a research report on Friday, September 22nd. Finally, HSBC assumed coverage on Microsoft in a research report on Friday, September 15th. They issued a “hold” rating and a $347.00 price target on the stock. Five research analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $378.11.

Get Our Latest Analysis on MSFT

Insider Activity at Microsoft

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