TFG Advisers LLC cut its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,692 shares of the software giant’s stock after selling 245 shares during the period. Microsoft accounts for 3.9% of TFG Advisers LLC’s investment portfolio, making the stock its 2nd largest holding. TFG Advisers LLC’s holdings in Microsoft were worth $7,600,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of MSFT. Iron Horse Wealth Management LLC acquired a new position in shares of Microsoft in the 4th quarter valued at $26,000. Monumental Financial Group Inc. acquired a new position in shares of Microsoft in the 1st quarter valued at $28,000. Hanseatic Management Services Inc. boosted its holdings in shares of Microsoft by 71.4% in the 3rd quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock valued at $31,000 after buying an additional 55 shares in the last quarter. Retirement Financial Solutions LLC acquired a new stake in Microsoft during the 4th quarter worth $40,000. Finally, Macroview Investment Management LLC acquired a new stake in Microsoft during the 4th quarter worth $61,000. 69.15% of the stock is owned by hedge funds and other institutional investors.
Microsoft Price Performance
Microsoft stock opened at $307.00 on Wednesday. The firm has a market capitalization of $2.28 trillion, a P/E ratio of 33.26, a PEG ratio of 2.77 and a beta of 0.93. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $311.97. The business has a 50-day moving average of $281.16 and a 200-day moving average of $257.23. The company has a current ratio of 1.91, a quick ratio of 1.88 and a debt-to-equity ratio of 0.22.
Microsoft Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 6th. Stockholders of record on Thursday, May 18th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Wednesday, May 17th. Microsoft’s dividend payout ratio is currently 29.47%.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. KeyCorp increased their price target on shares of Microsoft from $316.00 to $335.00 and gave the stock an “overweight” rating in a research note on Thursday, April 20th. Rosenblatt Securities increased their price target on shares of Microsoft from $275.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, April 26th. Bank of America increased their price target on shares of Microsoft from $320.00 to $340.00 in a research note on Wednesday, April 26th. Barclays upped their price objective on shares of Microsoft from $310.00 to $336.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 26th. Finally, Mizuho upped their price objective on shares of Microsoft from $315.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $322.88.
Insider Buying and Selling
In related news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $310.05, for a total transaction of $1,550,250.00. Following the transaction, the chief marketing officer now directly owns 110,206 shares of the company’s stock, valued at approximately $34,169,370.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the company’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $310.05, for a total value of $1,550,250.00. Following the transaction, the chief marketing officer now directly owns 110,206 shares of the company’s stock, valued at approximately $34,169,370.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Judson Althoff sold 30,000 shares of the company’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $306.09, for a total value of $9,182,700.00. Following the completion of the transaction, the executive vice president now directly owns 117,456 shares in the company, valued at $35,952,107.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,767 shares of company stock valued at $12,461,061. 0.03% of the stock is owned by insiders.
Microsoft Company Profile
Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.
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