Oakwell Private Wealth Management LLC lifted its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 10.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,087 shares of the software giant’s stock after buying an additional 398 shares during the period. Microsoft makes up 0.6% of Oakwell Private Wealth Management LLC’s investment portfolio, making the stock its 24th largest holding. Oakwell Private Wealth Management LLC’s holdings in Microsoft were worth $1,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently bought and sold shares of the company. University of Texas Texas AM Investment Managment Co. boosted its stake 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 worth $26,000 after purchasing an additional 79 shares during the period. Monumental Financial Group Inc. acquired a new stake in shares of Microsoft in the 1st quarter worth $28,000. Tobam lifted its stake in shares of Microsoft by 15,400.0% in the 1st quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after acquiring an additional 154 shares during the period. Newfound Research LLC lifted its stake in shares of Microsoft by 25.4% in the 2nd quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock worth $76,000 after acquiring an additional 60 shares during the period. Finally, Darrow Company Inc. acquired a new stake in shares of Microsoft in the 2nd quarter worth $82,000. Institutional investors and hedge funds own 69.29% of the company’s stock.
Insider Transactions at Microsoft
In other news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the transaction, the chief marketing officer now directly 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 is available at the SEC website. Corporate insiders own 0.03% of the company’s stock.
Microsoft Trading Up 0.3 %
Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.05. The firm had revenue of $50.12 billion for the quarter, compared to analysts’ expectations of $49.70 billion. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. Microsoft’s revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.27 earnings per share. On average, analysts anticipate that Microsoft Co. will post 9.62 EPS for the current year.
Microsoft Increases Dividend
The company also recently announced 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 is a boost from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Wednesday, November 16th. Microsoft’s payout ratio is presently 29.31%.
Wall Street Analyst Weigh In
Several analysts have recently commented on the stock. Piper Sandler reduced their target price on shares of Microsoft from $275.00 to $265.00 and set an “overweight” rating for the company in a research note on Wednesday, October 26th. Raymond James reduced their price objective on shares of Microsoft from $300.00 to $280.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. JPMorgan Chase & Co. reduced their price objective on shares of Microsoft from $305.00 to $275.00 in a research note on Wednesday, October 26th. Itaú Unibanco started coverage on shares of Microsoft in a report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 target price for the company. Finally, UBS Group set a $300.00 target price on shares of Microsoft in a report on Monday. Three investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $300.64.
Microsoft Company Profile
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.
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