Wolff Wiese Magana LLC Acquires 229 Shares of Microsoft Co. (NASDAQ:MSFT)

Wolff Wiese Magana LLC boosted its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.9% in the 4th quarter, HoldingsChannel reports. The fund owned 12,094 shares of the software giant’s stock after acquiring an additional 229 shares during the quarter. Microsoft comprises about 3.4% of Wolff Wiese Magana LLC’s investment portfolio, making the stock its 2nd biggest holding. Wolff Wiese Magana LLC’s holdings in Microsoft were worth $5,098,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Microsoft by 2.0% during the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock worth $70,790,682,000 after buying an additional 3,264,648 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Microsoft by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant’s stock valued at $23,490,417,000 after acquiring an additional 2,125,030 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Microsoft by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant’s stock worth $20,322,513,000 after acquiring an additional 652,493 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Microsoft by 48,526.1% in the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock worth $16,567,258,000 after acquiring an additional 38,422,466 shares during the period. Finally, Franklin Resources Inc. increased its stake in Microsoft by 1.1% in the 3rd quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant’s stock valued at $16,104,959,000 after purchasing an additional 406,940 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Trading Down 1.0 %

MSFT opened at $404.00 on Tuesday. Microsoft Co. has a 52-week low of $385.58 and a 52-week high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $3.00 trillion, a P/E ratio of 32.53, a P/E/G ratio of 2.21 and a beta of 0.90. The firm’s 50 day moving average is $424.25 and its 200-day moving average is $423.08.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period in the prior year, the company posted $2.93 earnings per share. Analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.82%. Microsoft’s dividend payout ratio is currently 26.73%.

Insider Buying and Selling

In other news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $430.87, for a total transaction of $1,077,175.00. Following the completion of the transaction, the chief marketing officer now owns 53,852 shares of the company’s stock, valued at approximately $23,203,211.24. The trade was a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 8,000 shares of company stock worth $3,493,820 in the last three months. 0.03% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have commented on MSFT. UBS Group decreased their target price on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Piper Sandler reiterated an “overweight” rating and issued a $520.00 price objective on shares of Microsoft in a research report on Monday, January 27th. Stifel Nicolaus raised their target price on shares of Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Guggenheim restated a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Finally, Loop Capital increased their price target on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and an average target price of $510.96.

About Microsoft

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.