MBE Wealth Management LLC Buys 494 Shares of Microsoft Co. (NASDAQ:MSFT)

MBE Wealth Management LLC increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 23.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,612 shares of the software giant’s stock after purchasing an additional 494 shares during the period. Microsoft makes up 0.6% of MBE Wealth Management LLC’s holdings, making the stock its 27th biggest holding. MBE Wealth Management LLC’s holdings in Microsoft were worth $1,124,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of MSFT. Christopher J. Hasenberg Inc lifted its position in shares of Microsoft by 169.2% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after buying an additional 44 shares during the last quarter. Quarry LP bought a new stake in shares of Microsoft during the 2nd quarter worth $45,000. Innealta Capital LLC bought a new stake in shares of Microsoft during the 2nd quarter worth $75,000. Bellevue Group AG lifted its position in shares of Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after buying an additional 58 shares during the last quarter. Finally, Bbjs Financial Advisors LLC lifted its position in shares of Microsoft by 241.4% during the 2nd quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock worth $169,000 after buying an additional 268 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. BMO Capital Markets dropped their price objective on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Citigroup dropped their target price on Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Wells Fargo & Company reiterated a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. Mizuho increased their target price on Microsoft from $480.00 to $510.00 and gave the company an “outperform” rating in a research report on Friday. Finally, DA Davidson downgraded Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price for the company. in a research report on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and an average target price of $505.43.

Insiders Place Their Bets

In other news, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the sale, the executive vice president now owns 103,366 shares in the company, valued at $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total value of $10,425,000.00. Following the sale, the executive vice president now owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. This represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is owned by corporate insiders.

Microsoft Trading Down 0.5 %

Shares of MSFT stock opened at $447.27 on Friday. The company has a market cap of $3.33 trillion, a P/E ratio of 36.90, a PEG ratio of 2.38 and a beta of 0.90. The stock has a 50 day simple moving average of $424.16 and a two-hundred day simple moving average of $427.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. Microsoft Co. has a fifty-two week low of $364.13 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. The business had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.99 earnings per share. Research analysts forecast that Microsoft Co. will post 12.93 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.74%. Microsoft’s payout ratio is currently 27.39%.

Microsoft announced that its board has approved a stock buyback plan on Monday, September 16th that permits the company to buyback $60.00 billion in shares. This buyback authorization permits the software giant to buy up to 1.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Microsoft Company Profile

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.