TMD Wealth Management LLC Grows Stock Position in Microsoft Co. (NASDAQ:MSFT)

Posted by MarketBeat News on May 22nd, 2023

TMD Wealth Management LLC increased its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,862 shares of the software giant’s stock after buying an additional 94 shares during the quarter. Microsoft comprises 0.9% of TMD Wealth Management LLC’s holdings, making the stock its 15th largest position. TMD Wealth Management LLC’s holdings in Microsoft were worth $2,125,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Milestone Asset Management LLC purchased a new position in Microsoft during the fourth quarter worth approximately $954,000. Kiley Juergens Wealth Management LLC raised its position in Microsoft by 2.0% in the fourth quarter. Kiley Juergens Wealth Management LLC now owns 114,367 shares of the software giant’s stock valued at $27,427,000 after purchasing an additional 2,295 shares during the period. Widmann Financial Services Inc. raised its position in Microsoft by 1.7% in the fourth quarter. Widmann Financial Services Inc. now owns 17,160 shares of the software giant’s stock valued at $4,115,000 after purchasing an additional 286 shares during the period. Transatlantique Private Wealth LLC raised its position in Microsoft by 8.7% in the fourth quarter. Transatlantique Private Wealth LLC now owns 28,365 shares of the software giant’s stock valued at $6,792,000 after purchasing an additional 2,281 shares during the period. Finally, Heritage Investors Management Corp raised its position in Microsoft by 0.8% in the fourth quarter. Heritage Investors Management Corp now owns 336,184 shares of the software giant’s stock valued at $80,624,000 after purchasing an additional 2,710 shares during the period. Hedge funds and other institutional investors own 69.15% of the company’s stock.

Insider Activity at Microsoft

In other Microsoft news, CEO Satya Nadella sold 4,767 shares of the business’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the transaction, the chief executive officer now owns 788,625 shares in the company, valued at $196,272,990. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Microsoft news, CEO Satya Nadella sold 4,767 shares of the business’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the transaction, the chief executive officer now owns 788,625 shares in the company, valued at $196,272,990. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Judson Althoff sold 30,000 shares of the business’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $306.09, for a total value of $9,182,700.00. Following the transaction, the executive vice president now owns 117,456 shares in the company, valued at approximately $35,952,107.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 54,848 shares of company stock worth $16,635,227. 0.03% of the stock is owned by insiders.

Analysts Set New Price Targets

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A number of equities research analysts have commented on MSFT shares. Mizuho lifted their target price on Microsoft from $315.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. Barclays lifted their price objective on Microsoft from $310.00 to $336.00 and gave the company an “overweight” rating in a research note on Wednesday, April 26th. Fundamental Research cut Microsoft from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Bank of America lifted their price objective on Microsoft from $320.00 to $340.00 in a research note on Wednesday, April 26th. Finally, Stifel Nicolaus lifted their price objective on Microsoft from $310.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $323.28.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $318.34 on Monday. The business’s fifty day moving average price is $290.86 and its two-hundred day moving average price is $261.67. The stock has a market cap of $2.37 trillion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 2.83 and a beta of 0.93. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.88 and a current ratio of 1.91. Microsoft Co. has a one year low of $213.43 and a one year high of $319.04.

Microsoft (NASDAQ:MSFT – Get Rating) last issued its quarterly earnings results on Tuesday, April 25th. The software giant reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. The company had revenue of $52.86 billion for the quarter, compared to analyst estimates of $51.01 billion. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.22 EPS. On average, analysts forecast that Microsoft Co. will post 9.66 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 8th. Investors of record on Thursday, May 18th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Wednesday, May 17th. Microsoft’s payout ratio is currently 29.47%.

About Microsoft

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.