Meadowbrook Advisors Group LLC Buys New Position in Microsoft Corporation $MSFT

Meadowbrook Advisors Group LLC bought a new position in shares of Microsoft Corporation (NASDAQ:MSFTFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 15,348 shares of the software giant’s stock, valued at approximately $7,423,000. Microsoft accounts for about 4.2% of Meadowbrook Advisors Group LLC’s investment portfolio, making the stock its 2nd largest position.

A number of other hedge funds have also added to or reduced their stakes in MSFT. Longfellow Investment Management Co. LLC boosted its stake in Microsoft by 51.3% during the second quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant’s stock worth $29,000 after acquiring an additional 20 shares in the last quarter. Bernzott Capital Advisors acquired a new position in shares of Microsoft during the fourth quarter valued at about $34,000. Timmons Wealth Management LLC bought a new position in shares of Microsoft during the 4th quarter worth about $36,000. Fairway Wealth LLC grew its stake in shares of Microsoft by 287.0% in the 4th quarter. Fairway Wealth LLC now owns 89 shares of the software giant’s stock valued at $43,000 after buying an additional 66 shares during the period. Finally, LSV Asset Management bought a new stake in Microsoft in the 4th quarter valued at about $44,000. 71.13% of the stock is currently owned by institutional investors.

Microsoft Trading Down 3.2%

NASDAQ MSFT opened at $367.34 on Tuesday. Microsoft Corporation has a 1-year low of $356.28 and a 1-year high of $555.45. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average of $412.26 and a 200-day moving average of $424.28. The firm has a market cap of $2.73 trillion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 1.37 and a beta of 1.11.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The software giant reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.06 by $0.21. The business had revenue of $82.89 billion for the quarter, compared to analyst estimates of $81.44 billion. Microsoft had a return on equity of 31.94% and a net margin of 39.34%.Microsoft’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period last year, the company earned $3.46 EPS. As a group, sell-side analysts forecast that Microsoft Corporation will post 16.76 EPS for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be issued a $0.91 dividend. The ex-dividend date is Thursday, August 20th. This represents a $3.64 annualized dividend and a dividend yield of 1.0%. Microsoft’s dividend payout ratio (DPR) is currently 21.67%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. DZ Bank reissued a “buy” rating on shares of Microsoft in a research note on Thursday, April 30th. Robert W. Baird reduced their price target on shares of Microsoft from $540.00 to $500.00 and set an “outperform” rating for the company in a research report on Wednesday, April 15th. Phillip Securities upgraded shares of Microsoft to a “buy” rating and set a $485.00 price objective on the stock in a report on Wednesday, May 13th. HSBC reduced their price objective on shares of Microsoft from $593.00 to $571.00 in a report on Thursday, April 30th. Finally, BMO Capital Markets lowered their target price on shares of Microsoft from $575.00 to $505.00 and set an “outperform” rating on the stock in a report on Tuesday, April 28th. Forty-one investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $561.20.

View Our Latest Research Report on MSFT

Insider Buying and Selling

In related news, EVP Takeshi Numoto sold 4,500 shares of Microsoft stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $402.84, for a total value of $1,812,780.00. Following the transaction, the executive vice president directly owned 47,468 shares of the company’s stock, valued at $19,122,009.12. The trade was a 8.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Judson Althoff sold 15,500 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $460.99, for a total transaction of $7,145,345.00. Following the sale, the chief executive officer owned 110,477 shares of the company’s stock, valued at $50,928,792.23. This represents a 12.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 23,762 shares of company stock valued at $10,508,361 over the last three months. 0.03% of the stock is owned by company insiders.

Microsoft News Summary

Here are the key news stories impacting Microsoft this week:

About Microsoft

(Free Report)

Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.

Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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