MRA Advisory Group reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 9.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,810 shares of the software giant’s stock after selling 953 shares during the period. Microsoft makes up about 1.8% of MRA Advisory Group’s holdings, making the stock its 22nd largest position. MRA Advisory Group’s holdings in Microsoft were worth $2,540,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Microsoft by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock worth $147,714,197,000 after buying an additional 6,129,708 shares in the last quarter. State Street Corp lifted its holdings in Microsoft by 0.7% in the 3rd quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock valued at $68,824,173,000 after purchasing an additional 1,951,554 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Microsoft by 0.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock valued at $50,302,677,000 after acquiring an additional 556,020 shares during the last quarter. Moneta Group Investment Advisors LLC increased its stake in shares of Microsoft by 112,158.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock valued at $36,017,948,000 after acquiring an additional 150,053,637 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Microsoft by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 142,731,177 shares of the software giant’s stock valued at $34,172,705,000 after acquiring an additional 3,268,917 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.
Microsoft Price Performance
Shares of MSFT opened at $340.54 on Monday. The firm has a market capitalization of $2.53 trillion, a price-to-earnings ratio of 36.89, a price-to-earnings-growth ratio of 2.98 and a beta of 0.93. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.88 and a current ratio of 1.91. Microsoft Co. has a one year low of $213.43 and a one year high of $351.47. The stock’s fifty day moving average is $321.74 and its 200-day moving average is $280.55.
Microsoft Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Wednesday, August 16th. Microsoft’s payout ratio is currently 29.47%.
Insider Buying and Selling
In related news, Director Teri List sold 1,250 shares of Microsoft stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $334.77, for a total transaction of $418,462.50. Following the transaction, the director now directly owns 874 shares of the company’s stock, valued at $292,588.98. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $316.87, for a total value of $1,584,350.00. Following the completion of the transaction, the chief marketing officer now owns 89,328 shares in the company, valued at approximately $28,305,363.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Teri List sold 1,250 shares of the stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $334.77, for a total value of $418,462.50. Following the completion of the transaction, the director now owns 874 shares of the company’s stock, valued at approximately $292,588.98. The disclosure for this sale can be found here. Insiders have sold a total of 51,331 shares of company stock valued at $15,867,278 over the last three months. Company insiders own 0.03% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have recently commented on the stock. Jefferies Financial Group upped their price objective on shares of Microsoft from $325.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. BMO Capital Markets upped their price objective on shares of Microsoft from $347.00 to $385.00 in a research note on Friday, June 9th. Fundamental Research downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Credit Suisse Group increased their target price on shares of Microsoft from $350.00 to $420.00 in a research report on Wednesday, May 31st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Microsoft from $340.00 to $380.00 in a research report on Tuesday, May 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirty-one have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $333.18.
About Microsoft
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.
Featured Articles
- Five stocks we like better than Microsoft
- MarketBeat Week in Review – 6/26 – 6/30
- Tesla: Can Downgrades Make Sense After A 170% Rally?
- Buffett’s Berkshire Increases Stake In Occidental Petroleum (OXY)
- Rally Gains Momentum On Soft PCE Data
- Bank of America, JPMorgan, Goldman Sachs Set For Dividend Growth?
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.
