Gruss & Co. LLC grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 166.7% during the first quarter, Holdings Channel.com reports. The firm owned 4,000 shares of the software giant’s stock after buying an additional 2,500 shares during the quarter. Microsoft accounts for approximately 7.3% of Gruss & Co. LLC’s portfolio, making the stock its 6th biggest position. Gruss & Co. LLC’s holdings in Microsoft were worth $1,153,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of MSFT. Moneta Group Investment Advisors LLC increased its holdings in shares of Microsoft by 112,158.6% during the fourth 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 purchasing an additional 150,053,637 shares during the period. Norges Bank acquired a new position in Microsoft during the fourth quarter worth about $20,700,525,000. Aaron Wealth Advisors LLC grew its holdings in Microsoft by 35,465.9% during the first quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock worth $66,852,000 after acquiring an additional 20,553,188 shares during the period. Morgan Stanley grew its holdings in Microsoft by 14.0% during the fourth quarter. Morgan Stanley now owns 119,417,954 shares of the software giant’s stock worth $28,638,815,000 after acquiring an additional 14,652,150 shares during the period. Finally, CIBC Private Wealth Group LLC grew its holdings in Microsoft by 98.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 15,218,570 shares of the software giant’s stock worth $3,649,717,000 after acquiring an additional 7,534,774 shares during the period. 69.20% of the stock is owned by institutional investors and hedge funds.
Microsoft Stock Down 0.9 %
Shares of MSFT stock opened at $329.91 on Friday. The stock’s 50 day simple moving average is $332.58 and its 200 day simple moving average is $309.64. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.75 and a current ratio of 1.77. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $366.78. The company has a market capitalization of $2.45 trillion, a price-to-earnings ratio of 34.05, a PEG ratio of 2.46 and a beta of 0.90.
Microsoft Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 0.82%. The ex-dividend date is Wednesday, August 16th. Microsoft’s dividend payout ratio is currently 28.07%.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on MSFT. Guggenheim reaffirmed a “sell” rating and set a $232.00 target price on shares of Microsoft in a report on Thursday, July 20th. StockNews.com began coverage on Microsoft in a report on Thursday, August 17th. They set a “buy” rating on the stock. Credit Suisse Group lifted their target price on Microsoft from $350.00 to $420.00 in a report on Wednesday, May 31st. BMO Capital Markets lifted their price target on Microsoft from $385.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 26th. Finally, Evercore ISI lifted their price target on Microsoft from $337.00 to $400.00 in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and thirty-three have given a buy rating to the company’s stock. According to MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and a consensus target price of $373.68.
Get Our Latest Stock Report on MSFT
Insiders Place Their Bets
In other news, insider Bradford L. Smith sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the sale, the insider now directly owns 588,084 shares in the company, valued at $198,301,924.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Bradford L. Smith sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the sale, the insider now directly owns 588,084 shares in the company, valued at $198,301,924.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kathleen T. Hogan sold 26,815 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $327.37, for a total value of $8,778,426.55. Following the sale, the executive vice president now owns 198,373 shares in the company, valued at $64,941,369.01. The disclosure for this sale can be found here. Insiders have sold a total of 115,049 shares of company stock valued at $38,195,619 in the last three months. Company insiders own 0.03% of the company’s stock.
About Microsoft
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.
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