Rooted Wealth Advisors Inc. trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 11.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,918 shares of the software giant’s stock after selling 636 shares during the period. Microsoft makes up about 1.0% of Rooted Wealth Advisors Inc.’s investment portfolio, making the stock its 28th largest holding. Rooted Wealth Advisors Inc.’s holdings in Microsoft were worth $1,407,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Monumental Financial Group Inc. purchased a new stake in Microsoft during the 1st quarter valued at $28,000. Iron Horse Wealth Management LLC purchased a new stake in Microsoft during the 4th quarter valued at $26,000. Gleason Group Inc. boosted its stake in Microsoft by 111.7% during the 1st quarter. Gleason Group Inc. now owns 199 shares of the software giant’s stock valued at $57,000 after purchasing an additional 105 shares during the last quarter. PayPay Securities Corp purchased a new stake in Microsoft during the 4th quarter valued at $54,000. Finally, VitalStone Financial LLC purchased a new position in shares of Microsoft in the 4th quarter worth $79,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.
Microsoft Trading Up 0.1 %
Shares of MSFT opened at $336.34 on Wednesday. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $366.78. The company has a 50-day moving average of $336.87 and a 200 day moving average of $296.71. The firm has a market capitalization of $2.50 trillion, a price-to-earnings ratio of 34.71, a PEG ratio of 2.50 and a beta of 0.92. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.77 and a quick ratio of 1.75.
Microsoft Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be issued a $0.68 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $2.72 annualized dividend and a dividend yield of 0.81%. Microsoft’s dividend payout ratio is currently 28.07%.
Analyst Ratings Changes
MSFT has been the topic of a number of research reports. Fundamental Research downgraded Microsoft from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Stifel Nicolaus raised their price target on Microsoft from $320.00 to $380.00 and gave the stock a “buy” rating in a research note on Thursday, July 20th. JPMorgan Chase & Co. raised their price target on Microsoft from $350.00 to $385.00 in a research note on Wednesday, July 19th. BNP Paribas downgraded Microsoft from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $310.00 to $300.00 in a research note on Monday, April 24th. Finally, Bank of America lifted their target price on Microsoft from $340.00 to $405.00 and gave the company a “buy” rating in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and thirty-one have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $368.98.
Insider Activity
In other news, Director Teri List sold 1,250 shares of the business’s stock in a transaction dated 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 sale, the director now owns 874 shares in the company, valued at approximately $292,588.98. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Teri List sold 1,250 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $334.77, for a total transaction of $418,462.50. Following the completion of the transaction, the director now owns 874 shares in the company, valued at approximately $292,588.98. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 owns 110,206 shares of the company’s stock, valued at approximately $34,169,370.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,331 shares of company stock worth $6,684,578. 0.03% of the stock is currently owned by corporate insiders.
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.
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