Magnolia Wealth Management LLC Has $332,000 Position in Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Oct 26th, 2023

Magnolia Wealth Management LLC increased its holdings in Microsoft Co. (NASDAQ:MSFT – Free Report) by 18.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 975 shares of the software giant’s stock after buying an additional 155 shares during the period. Microsoft comprises approximately 0.3% of Magnolia Wealth Management LLC’s investment portfolio, making the stock its 10th biggest holding. Magnolia Wealth Management LLC’s holdings in Microsoft were worth $332,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of MSFT. DGS Capital Management LLC increased its position in shares of Microsoft by 19.9% during the first quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after purchasing an additional 2,383 shares in the last quarter. IFM Investors Pty Ltd boosted its holdings in Microsoft by 20.8% in the first quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock valued at $351,001,000 after purchasing an additional 196,338 shares during the last quarter. Altus Wealth Group LLC boosted its holdings in Microsoft by 1.2% in the first quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock valued at $3,919,000 after purchasing an additional 152 shares during the last quarter. Powell Investment Advisors LLC boosted its holdings in Microsoft by 16.2% in the first quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock valued at $795,000 after purchasing an additional 359 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC boosted its holdings in Microsoft by 8.2% in the first quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock valued at $1,921,000 after purchasing an additional 512 shares during the last quarter. Institutional investors own 69.20% of the company’s stock.

Insider Buying and Selling at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 50,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 588,084 shares of the company’s stock, valued at approximately $198,301,924.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Microsoft news, insider Bradford L. Smith sold 50,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 588,084 shares of the company’s stock, valued at approximately $198,301,924.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kathleen T. Hogan sold 26,815 shares of the firm’s 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 transaction, the executive vice president now directly owns 198,373 shares of the company’s stock, valued at approximately $64,941,369.01. The disclosure for this sale can be found here. Insiders sold 115,049 shares of company stock valued at $38,195,619 in the last 90 days. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on MSFT shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $400.00 price target on shares of Microsoft in a report on Monday, October 2nd. Tigress Financial increased their target price on shares of Microsoft from $411.00 to $433.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Mizuho increased their target price on shares of Microsoft from $360.00 to $390.00 and gave the stock a “buy” rating in a research note on Monday, July 17th. Royal Bank of Canada reissued an “outperform” rating and set a $390.00 target price on shares of Microsoft in a research note on Wednesday. Finally, Bank of America increased their target price on shares of Microsoft from $340.00 to $405.00 and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Five equities research analysts have rated the stock with a hold rating and thirty-five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $379.93.

Check Out Our Latest Stock Analysis on MSFT

Microsoft Stock Performance

NASDAQ:MSFT opened at $340.67 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.75 and a current ratio of 1.77. The stock has a market capitalization of $2.53 trillion, a P/E ratio of 35.16, a PEG ratio of 2.35 and a beta of 0.91. The company has a 50 day moving average price of $326.19 and a 200 day moving average price of $324.09. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $366.78.

Microsoft (NASDAQ:MSFT – Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $56.52 billion during the quarter, compared to analysts’ expectations of $54.52 billion. Microsoft had a net margin of 34.15% and a return on equity of 38.70%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the company posted $2.35 EPS. Equities research analysts forecast that Microsoft Co. will post 10.9 EPS 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 given a dividend of $0.75 per share. The ex-dividend date is Wednesday, November 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.88%. This is a boost from Microsoft’s previous quarterly dividend of $0.68. Microsoft’s dividend payout ratio (DPR) is presently 30.96%.

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.