FSB Premier Wealth Management Inc. Has $1.13 Million Stake in Microsoft Co. (NASDAQ:MSFT)

FSB Premier Wealth Management Inc. decreased its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,694 shares of the software giant’s stock after selling 90 shares during the quarter. FSB Premier Wealth Management Inc.’s holdings in Microsoft were worth $1,126,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Aaron Wealth Advisors LLC raised its position in Microsoft by 35,465.9% during the 1st quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock worth $66,852,000 after purchasing an additional 20,553,188 shares during the last quarter. Vanguard Group Inc. raised its position in Microsoft by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock worth $147,714,197,000 after purchasing an additional 6,129,708 shares during the last quarter. Swiss National Bank raised its position in Microsoft by 13.8% during the 1st quarter. Swiss National Bank now owns 30,893,155 shares of the software giant’s stock worth $9,524,669,000 after purchasing an additional 3,757,500 shares during the last quarter. Cottage Street Advisors LLC raised its position in Microsoft by 17,734.7% during the 4th quarter. Cottage Street Advisors LLC now owns 3,763,300 shares of the software giant’s stock worth $1,351,000 after purchasing an additional 3,742,199 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Microsoft by 73.8% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,172,257 shares of the software giant’s stock worth $1,903,319,000 after purchasing an additional 3,471,095 shares during the last quarter. Institutional investors and hedge funds own 69.15% of the company’s stock.

Microsoft Price Performance

MSFT opened at $321.18 on Tuesday. The stock’s 50 day simple moving average is $292.21 and its 200 day simple moving average is $262.43. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.91 and a quick ratio of 1.88. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $322.59. The firm has a market cap of $2.39 trillion, a price-to-earnings ratio of 34.80, a PEG ratio of 2.83 and a beta of 0.93.

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

Microsoft Announces Dividend

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

Insider Buying and Selling

In other news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $316.87, for a total value of $1,584,350.00. Following the sale, the chief marketing officer now directly owns 89,328 shares in the company, valued at approximately $28,305,363.36. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $316.87, for a total value of $1,584,350.00. Following the sale, the chief marketing officer now directly owns 89,328 shares in the company, valued at approximately $28,305,363.36. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Satya Nadella sold 4,767 shares of Microsoft stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total value of $1,186,410.96. Following the completion of the sale, the chief executive officer now owns 788,625 shares in the company, valued at $196,272,990. The disclosure for this sale can be found here. Insiders have sold a total of 54,848 shares of company stock worth $16,635,227 in the last ninety days. 0.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MSFT has been the subject of several research analyst reports. Wedbush lifted their price objective on Microsoft from $325.00 to $340.00 in a research report on Thursday, May 11th. Jefferies Financial Group lifted their price objective on Microsoft from $325.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. TD Cowen lifted their price objective on Microsoft from $300.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. Oppenheimer lifted their price objective on Microsoft from $310.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. Finally, Piper Sandler lifted their price objective on Microsoft from $290.00 to $348.00 in a research report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirty-two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $323.28.

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.