Madison Wealth Partners Inc Boosts Stake in Microsoft Co. (NASDAQ:MSFT)

Madison Wealth Partners Inc raised its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.0% during the third quarter, Holdings Channel reports. The firm owned 10,123 shares of the software giant’s stock after buying an additional 202 shares during the quarter. Microsoft comprises 1.5% of Madison Wealth Partners Inc’s portfolio, making the stock its 14th largest holding. Madison Wealth Partners Inc’s holdings in Microsoft were worth $2,358,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Monumental Financial Group Inc. purchased a new stake in Microsoft during the first quarter worth about $28,000. Newfound Research LLC grew its holdings in shares of Microsoft by 25.4% in the second quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock valued at $76,000 after purchasing an additional 60 shares in the last quarter. Grayhawk Investment Strategies Inc. purchased a new stake in Microsoft during the 2nd quarter worth approximately $104,000. Darrow Company Inc. acquired a new stake in Microsoft during the 2nd quarter worth approximately $82,000. Finally, Morgan Dempsey Capital Management LLC purchased a new position in Microsoft in the 3rd quarter valued at approximately $82,000. 69.15% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Down 1.6 %

MSFT opened at $231.93 on Friday. The business has a 50 day moving average price of $241.84 and a two-hundred day moving average price of $250.23. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $315.95. The company has a market cap of $1.73 trillion, a PE ratio of 24.99, a P/E/G ratio of 2.35 and a beta of 0.94. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, topping the consensus estimate of $2.29 by $0.06. The business had revenue of $50.12 billion during the quarter, compared to analysts’ expectations of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.27 earnings per share. As a group, research analysts anticipate that Microsoft Co. will post 9.52 EPS for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 9th. Stockholders of record on Wednesday, February 15th will be paid a dividend of $0.68 per share. The ex-dividend date is Wednesday, February 15th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.17%. Microsoft’s dividend payout ratio (DPR) is 29.31%.

Insider Buying and Selling

In other Microsoft news, EVP Judson Althoff sold 24,144 shares of Microsoft stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $254.27, for a total value of $6,139,094.88. Following the sale, the executive vice president now owns 150,047 shares of the company’s stock, valued at approximately $38,152,450.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MSFT. Stifel Nicolaus reduced their price objective on Microsoft from $300.00 to $290.00 and set a “buy” rating on the stock in a research note on Wednesday, October 26th. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a research note on Thursday. Rosenblatt Securities lowered their price objective on Microsoft from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, October 27th. JPMorgan Chase & Co. reduced their target price on shares of Microsoft from $305.00 to $275.00 in a report on Wednesday, October 26th. Finally, Wells Fargo & Company lowered their price target on shares of Microsoft from $315.00 to $300.00 and set an “overweight” rating for the company in a report on Wednesday, October 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-nine have issued a buy rating to the stock. Based on data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $288.33.

Microsoft Profile

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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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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