McLean Asset Management Corp Has $6.17 Million Position in Microsoft Co. (NASDAQ:MSFT)

McLean Asset Management Corp raised its stake in Microsoft Co. (NASDAQ:MSFT) by 1.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 13,230 shares of the software giant’s stock after buying an additional 161 shares during the quarter. Microsoft comprises approximately 2.0% of McLean Asset Management Corp’s investment portfolio, making the stock its 13th biggest position. McLean Asset Management Corp’s holdings in Microsoft were worth $6,169,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Friedenthal Financial bought a new stake in Microsoft during the fourth quarter worth about $45,000. Richardson Capital Management LLC raised its position in shares of Microsoft by 1,290.0% in the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after buying an additional 129 shares in the last quarter. Neo Ivy Capital Management bought a new stake in shares of Microsoft during the 4th quarter worth approximately $58,000. Bellevue Group AG increased its stake in Microsoft by 47.5% in the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after acquiring an additional 58 shares during the last quarter. Finally, PayPay Securities Corp increased its stake in Microsoft by 23.7% in the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after acquiring an additional 36 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Performance

Shares of Microsoft stock opened at $417.14 on Tuesday. The business has a 50-day moving average price of $431.08 and a two-hundred day moving average price of $422.97. Microsoft Co. has a 1-year low of $309.45 and a 1-year high of $468.35. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. The company has a market cap of $3.10 trillion, a P/E ratio of 36.12, a PEG ratio of 2.11 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. The business had revenue of $64.73 billion during the quarter, compared to the consensus estimate of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.69 earnings per share. As a group, analysts anticipate that Microsoft Co. will post 13.04 EPS for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s dividend payout ratio is presently 25.97%.

Insiders Place Their Bets

In other news, CEO Satya Nadella sold 14,398 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the transaction, the chief executive officer now owns 786,933 shares in the company, valued at $328,473,703.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of research analyst reports. Citigroup reduced their target price on Microsoft from $520.00 to $500.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Oppenheimer raised their price objective on Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, June 7th. TD Cowen boosted their target price on Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. New Street Research initiated coverage on shares of Microsoft in a research note on Monday, June 10th. They issued a “buy” rating and a $570.00 price target on the stock. Finally, Macquarie upped their price objective on shares of Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Two investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus price target of $494.72.

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.