Microsoft Co. (NASDAQ:MSFT) is RBA Wealth Management LLC’s 5th Largest Position

RBA Wealth Management LLC lifted its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 5.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,467 shares of the software giant’s stock after buying an additional 928 shares during the quarter. Microsoft comprises 2.6% of RBA Wealth Management LLC’s portfolio, making the stock its 5th largest position. RBA Wealth Management LLC’s holdings in Microsoft were worth $4,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of MSFT. University of Texas Texas AM Investment Managment Co. boosted its position in Microsoft by 1,316.7% during the 1st quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock valued at $26,000 after acquiring an additional 79 shares in the last quarter. Monumental Financial Group Inc. bought a new stake in Microsoft during the 1st quarter valued at approximately $28,000. Shore Point Advisors LLC bought a new stake in Microsoft during the 4th quarter valued at approximately $40,000. Tobam boosted its position in Microsoft by 15,400.0% during the 1st quarter. Tobam now owns 155 shares of the software giant’s stock valued at $48,000 after acquiring an additional 154 shares in the last quarter. Finally, Artemis Wealth Advisors LLC bought a new stake in Microsoft during the 1st quarter valued at approximately $68,000. 69.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on MSFT. KeyCorp cut their price objective on Microsoft from $373.00 to $330.00 and set an “overweight” rating on the stock in a research report on Thursday, July 7th. BMO Capital Markets boosted their price target on Microsoft from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. Mizuho dropped their price target on Microsoft from $350.00 to $340.00 and set a “buy” rating on the stock in a research report on Tuesday, July 19th. Rosenblatt Securities dropped their price target on Microsoft from $349.00 to $330.00 and set a “buy” rating on the stock in a research report on Tuesday, July 26th. Finally, Jefferies Financial Group set a $320.00 target price on shares of Microsoft in a research note on Tuesday, September 6th. Two analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. According to MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $334.31.

Microsoft Stock Down 1.4 %

Shares of NASDAQ MSFT opened at $238.95 on Thursday. Microsoft Co. has a 12-month low of $238.90 and a 12-month high of $349.67. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. The stock has a market cap of $1.78 trillion, a P/E ratio of 24.79, a PEG ratio of 2.06 and a beta of 0.94. The business’s fifty day simple moving average is $267.91 and its 200-day simple moving average is $272.92.

Microsoft (NASDAQ:MSFTGet Rating) last issued its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.28 by ($0.05). Microsoft had a return on equity of 43.31% and a net margin of 36.69%. The firm had revenue of $51.87 billion for the quarter, compared to analysts’ expectations of $52.31 billion. During the same period in the previous year, the business posted $2.17 EPS. As a group, equities analysts predict that Microsoft Co. will post 10.15 EPS for the current fiscal year.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.14%. This is an increase from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date is Wednesday, November 16th. Microsoft’s dividend payout ratio (DPR) is presently 25.73%.

Insider Activity

In related news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction on Monday, September 12th. The stock was sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the sale, the chief marketing officer now owns 109,837 shares of the company’s stock, valued at $29,244,101.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.05% of the company’s stock.

About Microsoft

(Get Rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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