Vaughan David Investments LLC IL raised its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 335,530 shares of the software giant’s stock after buying an additional 1,249 shares during the period. Microsoft comprises about 2.4% of Vaughan David Investments LLC IL’s investment portfolio, making the stock its biggest position. Vaughan David Investments LLC IL’s holdings in Microsoft were worth $80,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Sentinel Pension Advisors Inc. lifted its position in Microsoft by 1.1% during the 4th quarter. Sentinel Pension Advisors Inc. now owns 3,746 shares of the software giant’s stock valued at $898,000 after acquiring an additional 39 shares during the period. Lokken Investment Group LLC lifted its position in Microsoft by 0.3% during the 2nd quarter. Lokken Investment Group LLC now owns 11,976 shares of the software giant’s stock valued at $3,076,000 after acquiring an additional 41 shares during the period. Denver Wealth Management Inc. lifted its position in Microsoft by 3.1% during the 4th quarter. Denver Wealth Management Inc. now owns 1,348 shares of the software giant’s stock valued at $323,000 after acquiring an additional 41 shares during the period. Daniels&Tansey LLP lifted its position in Microsoft by 2.8% during the 4th quarter. Daniels&Tansey LLP now owns 1,488 shares of the software giant’s stock valued at $357,000 after acquiring an additional 41 shares during the period. Finally, Wellspring Financial Advisors LLC lifted its position in Microsoft by 0.5% during the 1st quarter. Wellspring Financial Advisors LLC now owns 8,536 shares of the software giant’s stock valued at $2,632,000 after acquiring an additional 42 shares during the period. Institutional investors own 69.15% of the company’s stock.
Microsoft Price Performance
MSFT stock opened at $332.89 on Friday. Microsoft Co. has a one year low of $213.43 and a one year high of $333.40. The company’s fifty day moving average price is $296.33 and its 200-day moving average price is $264.61. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.88 and a current ratio of 1.91. The company has a market capitalization of $2.48 trillion, a PE ratio of 36.07, a price-to-earnings-growth ratio of 2.79 and a beta of 0.93.
Microsoft Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 8th. Investors 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 yield of 0.82%. The ex-dividend date is Wednesday, May 17th. Microsoft’s payout ratio is 29.47%.
Insider Activity at Microsoft
In related news, CEO Satya Nadella sold 4,767 shares of the company’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the sale, the chief executive officer now owns 788,625 shares of the company’s stock, valued at $196,272,990. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Microsoft news, CEO Satya Nadella sold 4,767 shares of the business’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the transaction, the chief executive officer now owns 788,625 shares in the company, valued at $196,272,990. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $316.87, for a total transaction of $1,584,350.00. Following the transaction, the chief marketing officer now owns 89,328 shares in the company, valued at approximately $28,305,363.36. The disclosure for this sale can be found here. Insiders have sold a total of 54,848 shares of company stock valued at $16,635,227 over the last 90 days. 0.03% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
MSFT has been the subject of several recent analyst reports. Macquarie raised shares of Microsoft from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $260.00 to $325.00 in a report on Wednesday, April 26th. Moffett Nathanson lifted their target price on shares of Microsoft from $263.00 to $306.00 and gave the stock a “market perform” rating in a report on Wednesday, April 26th. Sanford C. Bernstein lifted their target price on shares of Microsoft from $280.00 to $322.00 in a report on Monday, April 24th. UBS Group lifted their target price on shares of Microsoft from $275.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, April 26th. Finally, Atlantic Securities lifted their target price on shares of Microsoft from $290.00 to $330.00 and gave the stock an “overweight” rating in a report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $323.69.
Microsoft 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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