MOKAN Wealth Management Inc. Buys New Stake in Microsoft Co. (NASDAQ:MSFT)

MOKAN Wealth Management Inc. purchased a new stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 13,336 shares of the software giant's stock, valued at approximately $5,624,000. Microsoft accounts for approximately 3.6% of MOKAN Wealth Management Inc.'s holdings, making the stock its 8th biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. WFA Asset Management Corp boosted its holdings in shares of Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock valued at $427,000 after buying an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. grew its holdings in Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after purchasing an additional 38 shares during the period. AMF Tjanstepension AB lifted its holdings in shares of Microsoft by 1.8% during the third quarter. AMF Tjanstepension AB now owns 2,799,261 shares of the software giant's stock valued at $1,204,664,000 after purchasing an additional 49,735 shares during the last quarter. Discipline Wealth Solutions LLC grew its stake in shares of Microsoft by 410.4% in the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after buying an additional 2,138 shares during the last quarter. Finally, Swedbank AB increased its position in Microsoft by 0.4% during the 3rd quarter. Swedbank AB now owns 13,689,356 shares of the software giant's stock valued at $5,890,530,000 after buying an additional 49,288 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Stifel Nicolaus reduced their price target on Microsoft from $515.00 to $475.00 and set a "buy" rating for the company in a report on Friday, March 7th. Bank of America reduced their price objective on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. DA Davidson upgraded shares of Microsoft from a "neutral" rating to a "buy" rating and upped their target price for the stock from $425.00 to $450.00 in a research note on Thursday, March 13th. Morgan Stanley reduced their price target on shares of Microsoft from $530.00 to $472.00 and set an "overweight" rating for the company in a research report on Wednesday. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $500.00 price objective on shares of Microsoft in a research report on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat.com, Microsoft presently has an average rating of "Moderate Buy" and a consensus target price of $499.97.

Microsoft Price Performance

NASDAQ:MSFT traded down $3.83 during trading hours on Friday, hitting $367.78. 20,940,221 shares of the stock traded hands, compared to its average volume of 21,246,383. The stock has a 50 day moving average price of $388.25 and a 200 day moving average price of $412.73. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company has a market cap of $2.73 trillion, a price-to-earnings ratio of 29.61, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period last year, the firm posted $2.93 earnings per share. Sell-side analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is currently 26.73%.

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.