Mendel Capital Management LLC Has $4.87 Million Position in Microsoft Co. (NASDAQ:MSFT)

Mendel Capital Management LLC decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 11,318 shares of the software giant’s stock after selling 412 shares during the period. Microsoft accounts for approximately 3.0% of Mendel Capital Management LLC’s portfolio, making the stock its 8th biggest position. Mendel Capital Management LLC’s holdings in Microsoft were worth $4,870,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Christopher J. Hasenberg Inc raised its position in shares of Microsoft by 169.2% in the second 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 during the period. Quarry LP acquired a new stake in shares of Microsoft in the 2nd quarter valued at approximately $45,000. Innealta Capital LLC acquired a new stake in shares of Microsoft in the 2nd quarter valued at approximately $75,000. Carolina Wealth Advisors LLC boosted its stake in shares of Microsoft by 10.1% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after purchasing an additional 31 shares in the last quarter. Finally, MayTech Global Investments LLC acquired a new stake in shares of Microsoft in the 2nd quarter valued at approximately $200,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MSFT. Mizuho lifted their target price on shares of Microsoft from $480.00 to $510.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Morgan Stanley decreased their price target on shares of Microsoft from $548.00 to $540.00 and set an “overweight” rating for the company in a research note on Wednesday. Stifel Nicolaus boosted their price target on shares of Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Citigroup cut their price objective on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, Loop Capital boosted their price target on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Two investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $512.66.

Microsoft Stock Up 0.1 %

MSFT stock opened at $446.71 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The company’s 50 day moving average is $430.07 and its 200 day moving average is $425.55. The stock has a market cap of $3.32 trillion, a price-to-earnings ratio of 36.86, a price-to-earnings-growth ratio of 2.28 and a beta of 0.90. Microsoft Co. has a 1-year low of $385.58 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $64.57 billion. During the same period last year, the business earned $2.99 earnings per share. The business’s quarterly revenue was up 16.0% on a year-over-year basis. Sell-side analysts predict that Microsoft Co. will post 12.91 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

Insider Buying and Selling

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of the stock in a transaction on 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 transaction, the executive vice president now owns 103,366 shares in the company, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $447.41, for a total value of $1,118,525.00. Following the transaction, the chief marketing officer now owns 49,352 shares of the company’s stock, valued at $22,080,578.32. The trade was a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock valued at $17,383,892 over the last quarter. 0.03% of the stock is owned by company insiders.

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.