MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $112.13 Million Position in Microsoft Co. (NASDAQ:MSFT)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 298,188 shares of the software giant’s stock after purchasing an additional 1,166 shares during the period. Microsoft comprises about 4.3% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s portfolio, making the stock its largest holding. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Microsoft were worth $112,131,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Patriot Financial Group Insurance Agency LLC grew its position in Microsoft by 3.1% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 29,272 shares of the software giant’s stock valued at $11,008,000 after purchasing an additional 892 shares in the last quarter. Manning & Napier Group LLC lifted its stake in shares of Microsoft by 0.3% during the 4th quarter. Manning & Napier Group LLC now owns 373,220 shares of the software giant’s stock worth $140,346,000 after buying an additional 971 shares during the last quarter. Sharkey Howes & Javer lifted its stake in shares of Microsoft by 1.6% during the 4th quarter. Sharkey Howes & Javer now owns 6,597 shares of the software giant’s stock worth $2,481,000 after buying an additional 106 shares during the last quarter. Teamwork Financial Advisors LLC lifted its stake in shares of Microsoft by 1.0% during the 4th quarter. Teamwork Financial Advisors LLC now owns 115,772 shares of the software giant’s stock worth $43,535,000 after buying an additional 1,136 shares during the last quarter. Finally, Zullo Investment Group Inc. raised its stake in Microsoft by 1.4% in the 4th quarter. Zullo Investment Group Inc. now owns 33,884 shares of the software giant’s stock worth $12,742,000 after purchasing an additional 457 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on MSFT shares. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Barclays lifted their price target on shares of Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. BMO Capital Markets lifted their price target on shares of Microsoft from $455.00 to $465.00 and gave the company an “outperform” rating in a report on Friday. Truist Financial reissued a “buy” rating and set a $600.00 target price on shares of Microsoft in a report on Monday, March 25th. Finally, Wedbush reissued an “outperform” rating and set a $500.00 target price on shares of Microsoft in a report on Wednesday, April 10th. Four analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the company. Based on data from MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and an average target price of $430.52.

Insider Activity at Microsoft

In related news, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the completion of the transaction, the executive vice president now owns 159,764 shares in the company, valued at $64,538,265.44. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the completion of the transaction, the executive vice president now owns 159,764 shares in the company, valued at $64,538,265.44. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Bradford L. Smith sold 3,303 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the transaction, the insider now owns 570,826 shares of the company’s stock, valued at approximately $231,823,855.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,070,258 shares of company stock worth $30,690,456. 0.03% of the stock is owned by company insiders.

Microsoft Stock Performance

NASDAQ MSFT opened at $421.90 on Monday. Microsoft Co. has a 1 year low of $275.37 and a 1 year high of $430.82. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 1.20. The firm has a market cap of $3.13 trillion, a price-to-earnings ratio of 38.15, a PEG ratio of 2.25 and a beta of 0.89. The company has a fifty day moving average price of $415.19 and a 200-day moving average price of $382.55.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.17. The firm had revenue of $62.02 billion during the quarter, compared to analyst estimates of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The business’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.32 EPS. As a group, equities research analysts predict that Microsoft Co. will post 11.61 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 annualized dividend and a yield of 0.71%. Microsoft’s payout ratio is currently 27.12%.

About Microsoft

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.