MGB Wealth Management LLC Cuts Stake in Microsoft Co. (NASDAQ:MSFT)

MGB Wealth Management LLC lessened its position in Microsoft Co. (NASDAQ:MSFT) by 6.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,348 shares of the software giant’s stock after selling 1,833 shares during the period. Microsoft accounts for 4.1% of MGB Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest position. MGB Wealth Management LLC’s holdings in Microsoft were worth $11,331,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Christopher J. Hasenberg Inc boosted its stake in shares of Microsoft by 169.2% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after purchasing an additional 44 shares in the last quarter. Quarry LP bought a new stake in shares of Microsoft during the 2nd quarter valued at about $45,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Microsoft during the 3rd quarter valued at about $62,000. Innealta Capital LLC bought a new stake in shares of Microsoft during the 2nd quarter valued at about $75,000. Finally, Bellevue Group AG boosted its stake in shares of Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after purchasing an additional 58 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

Microsoft stock opened at $431.20 on Wednesday. The company has a market cap of $3.21 trillion, a price-to-earnings ratio of 35.58, a PEG ratio of 2.29 and a beta of 0.90. The firm’s fifty day moving average is $420.83 and its 200 day moving average is $426.70. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. Microsoft Co. has a 52-week low of $362.90 and a 52-week high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. During the same quarter last year, the firm earned $2.99 earnings per share. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. Sell-side analysts forecast that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.77%. Microsoft’s dividend payout ratio (DPR) is 27.39%.

Microsoft announced that its board has authorized a stock repurchase plan on Monday, September 16th that permits the company to repurchase $60.00 billion in shares. This repurchase authorization permits the software giant to repurchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. BMO Capital Markets dropped their price objective on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Piper Sandler reissued an “overweight” rating and set a $470.00 price objective on shares of Microsoft in a research note on Thursday, October 31st. DA Davidson lowered shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective on the stock. in a research note on Monday, September 23rd. Finally, StockNews.com raised shares of Microsoft from a “hold” rating to a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $503.03.

Insider Transactions at Microsoft

In related news, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the sale, the executive vice president now directly owns 103,366 shares in the company, valued at $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $430.87, for a total value of $1,077,175.00. Following the completion of the sale, the chief marketing officer now owns 53,852 shares of the company’s stock, valued at $23,203,211.24. The trade was a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 134,578 shares of company stock worth $55,279,956. 0.03% of the stock is currently owned by insiders.

Microsoft Company Profile

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.