Mid American Wealth Advisory Group Inc. Has $384,000 Stake in Microsoft Co. (NASDAQ:MSFT)

Mid American Wealth Advisory Group Inc. increased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 5.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 893 shares of the software giant’s stock after purchasing an additional 47 shares during the quarter. Mid American Wealth Advisory Group Inc.’s holdings in Microsoft were worth $384,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Microsoft by 1.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock valued at $882,816,000 after purchasing an additional 31,401 shares in the last quarter. New Harbor Financial Group LLC raised its holdings in Microsoft by 55.9% during the second quarter. New Harbor Financial Group LLC now owns 1,255 shares of the software giant’s stock valued at $561,000 after buying an additional 450 shares in the last quarter. Nippon Life Global Investors Americas Inc. lifted its position in shares of Microsoft by 2.0% in the second quarter. Nippon Life Global Investors Americas Inc. now owns 430,730 shares of the software giant’s stock worth $192,515,000 after buying an additional 8,290 shares during the last quarter. Quest Investment Management LLC boosted its stake in shares of Microsoft by 3.4% during the 2nd quarter. Quest Investment Management LLC now owns 156,258 shares of the software giant’s stock worth $69,840,000 after acquiring an additional 5,176 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in shares of Microsoft by 25.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 250,657 shares of the software giant’s stock valued at $112,031,000 after acquiring an additional 51,273 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Performance

NASDAQ:MSFT opened at $415.00 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $422.34 and a 200 day moving average price of $426.00. The firm has a market capitalization of $3.09 trillion, a PE ratio of 34.24, a price-to-earnings-growth ratio of 2.20 and a beta of 0.91. Microsoft Co. has a 12-month low of $362.90 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. 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 company earned $2.99 EPS. Microsoft’s revenue was up 16.0% on a year-over-year basis. Research analysts anticipate that Microsoft Co. will post 12.94 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Thursday, November 21st. This is an increase from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s payout ratio is currently 24.75%.

Microsoft announced that its Board of Directors has approved a share repurchase program on Monday, September 16th that authorizes the company to buyback $60.00 billion in outstanding shares. This buyback authorization authorizes the software giant to reacquire up to 1.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MSFT shares. KeyCorp upped their target price on Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. UBS Group decreased their price objective on shares of Microsoft from $510.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Morgan Stanley lifted their target price on shares of Microsoft from $506.00 to $548.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a report on Friday, October 18th. Finally, Wedbush reissued an “underperform” rating on shares of Microsoft in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and a consensus price target of $503.03.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the sale, the chief marketing officer now owns 50,000 shares in the company, valued at approximately $20,552,000. This represents a 4.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were 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 owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. This trade represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 197,829 shares of company stock valued at $80,966,837. 0.03% of the stock is owned by insiders.

Microsoft 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.