Microsoft Co. (NASDAQ:MSFT) is Signature Wealth Management Partners LLC’s 7th Largest Position

Posted by Defense World Staff on Oct 26th, 2023

Signature Wealth Management Partners LLC cut its stake in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 8.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,017 shares of the software giant’s stock after selling 809 shares during the period. Microsoft comprises about 2.8% of Signature Wealth Management Partners LLC’s investment portfolio, making the stock its 7th biggest position. Signature Wealth Management Partners LLC’s holdings in Microsoft were worth $3,071,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MBM Wealth Consultants LLC increased its stake in shares of Microsoft by 3.0% in the second quarter. MBM Wealth Consultants LLC now owns 4,636 shares of the software giant’s stock worth $1,563,000 after purchasing an additional 135 shares in the last quarter. Prossimo Advisors LLC bought a new position in Microsoft in the 2nd quarter worth $6,527,000. Werba Rubin Papier Wealth Management increased its stake in Microsoft by 12.7% in the 2nd quarter. Werba Rubin Papier Wealth Management now owns 9,222 shares of the software giant’s stock worth $3,140,000 after buying an additional 1,042 shares in the last quarter. McBroom & Associates LLC raised its holdings in Microsoft by 0.9% during the second quarter. McBroom & Associates LLC now owns 19,146 shares of the software giant’s stock valued at $6,520,000 after acquiring an additional 172 shares during the period. Finally, Cottage Street Advisors LLC boosted its stake in shares of Microsoft by 1.2% in the second quarter. Cottage Street Advisors LLC now owns 21,505 shares of the software giant’s stock worth $7,323,000 after acquiring an additional 254 shares during the period. Hedge funds and other institutional investors own 69.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on MSFT. Citigroup lifted their target price on Microsoft from $420.00 to $430.00 and gave the company a “buy” rating in a research note on Thursday, October 19th. Piper Sandler boosted their price target on shares of Microsoft from $400.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday. KeyCorp lifted their target price on Microsoft from $340.00 to $400.00 in a report on Tuesday, July 18th. Royal Bank of Canada reissued an “outperform” rating and set a $390.00 price target on shares of Microsoft in a research note on Wednesday. Finally, BMO Capital Markets upped their price objective on Microsoft from $385.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, July 26th. Five analysts have rated the stock with a hold rating and thirty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $379.93.

Get Our Latest Report on Microsoft

Microsoft Stock Up 3.1 %

Shares of MSFT stock opened at $340.67 on Thursday. The stock’s fifty day moving average price is $326.19 and its 200 day moving average price is $324.09. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $366.78. The company has a market cap of $2.53 trillion, a price-to-earnings ratio of 35.16, a price-to-earnings-growth ratio of 2.35 and a beta of 0.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.77 and a quick ratio of 1.75.

Microsoft (NASDAQ:MSFT – Get Free Report) last issued its quarterly earnings results on Tuesday, October 24th. The software giant reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates 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 company’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.35 earnings per share. On average, research analysts expect that Microsoft Co. will post 10.9 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This is a positive change from Microsoft’s previous quarterly dividend of $0.68. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.88%. Microsoft’s payout ratio is 30.96%.

Insider Activity at Microsoft

In other Microsoft news, 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 approximately $198,301,924.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Microsoft news, EVP Kathleen T. Hogan sold 26,815 shares of Microsoft stock in a transaction that occurred on 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 completion of 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 document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $16,860,000.00. Following the completion of the sale, the insider now owns 588,084 shares in the company, valued at approximately $198,301,924.80. The disclosure for this sale can be found here. Insiders have sold a total of 115,049 shares of company stock valued at $38,195,619 in the last ninety days. Company insiders own 0.03% of the company’s stock.

Microsoft Company 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.