Thrive Wealth Management LLC cut its stake in Microsoft Co. (NASDAQ:MSFT – Free Report) by 12.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,728 shares of the software giant’s stock after selling 2,572 shares during the period. Microsoft comprises approximately 1.7% of Thrive Wealth Management LLC’s holdings, making the stock its 9th largest holding. Thrive Wealth Management LLC’s holdings in Microsoft were worth $6,378,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of MSFT. Moneta Group Investment Advisors LLC raised its holdings in shares of Microsoft by 112,158.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock worth $36,017,948,000 after buying an additional 150,053,637 shares in the last quarter. Norges Bank acquired a new position in shares of Microsoft in the 4th quarter worth approximately $20,700,525,000. Aaron Wealth Advisors LLC increased its holdings in Microsoft by 35,465.9% during the 1st quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock valued at $66,852,000 after purchasing an additional 20,553,188 shares in the last quarter. Providence Capital Advisors LLC increased its holdings in Microsoft by 29,789.2% during the 1st quarter. Providence Capital Advisors LLC now owns 16,570,893 shares of the software giant’s stock valued at $57,477,000 after purchasing an additional 16,515,452 shares in the last quarter. Finally, Morgan Stanley increased its holdings in Microsoft by 14.0% during the 4th quarter. Morgan Stanley now owns 119,417,954 shares of the software giant’s stock valued at $28,638,815,000 after purchasing an additional 14,652,150 shares in the last quarter. 69.20% of the stock is owned by institutional investors and hedge funds.
Microsoft Stock Performance
MSFT stock opened at $317.01 on Friday. The business’s 50-day moving average price is $330.61 and its two-hundred day moving average price is $315.53. The company has a current ratio of 1.77, a quick ratio of 1.75 and a debt-to-equity ratio of 0.20. The firm has a market cap of $2.36 trillion, a PE ratio of 32.72, a P/E/G ratio of 2.35 and a beta of 0.90. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $366.78.
Microsoft Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be paid a $0.75 dividend. This is an increase from Microsoft’s previous quarterly dividend of $0.68. The ex-dividend date is Wednesday, November 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.95%. Microsoft’s dividend payout ratio (DPR) is currently 28.07%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. TD Cowen raised their price target on Microsoft from $330.00 to $390.00 and gave the company an “outperform” rating in a report on Wednesday, July 19th. Redburn Partners dropped their price target on Microsoft from $450.00 to $440.00 and set a “buy” rating for the company in a report on Friday, August 11th. Piper Sandler reaffirmed an “overweight” rating and set a $400.00 price target on shares of Microsoft in a report on Wednesday, July 26th. Oppenheimer reaffirmed an “outperform” rating and set a $410.00 price target on shares of Microsoft in a report on Friday, July 28th. Finally, UBS Group raised Microsoft from a “neutral” rating to a “buy” rating and raised their price target for the company from $345.00 to $400.00 in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $375.03.
Get Our Latest Research Report on Microsoft
Insider Buying and Selling at Microsoft
In other Microsoft news, CEO Satya Nadella sold 38,234 shares of Microsoft stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $328.43, for a total value of $12,557,192.62. Following the sale, the chief executive officer now owns 800,668 shares of the company’s stock, valued at approximately $262,963,391.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Microsoft news, CEO Satya Nadella sold 38,234 shares of Microsoft stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $328.43, for a total value of $12,557,192.62. Following the sale, the chief executive officer now owns 800,668 shares of the company’s stock, valued at approximately $262,963,391.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 50,000 shares of Microsoft stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total value of $16,860,000.00. Following the completion of the sale, the insider now directly owns 588,084 shares in the company, valued at approximately $198,301,924.80. The disclosure for this sale can be found here. Insiders have sold 115,049 shares of company stock valued at $38,195,619 in the last 90 days. 0.03% of the stock is currently owned by company insiders.
Microsoft Profile
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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