Threadgill Financial LLC grew its stake in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 5.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 825 shares of the software giant’s stock after acquiring an additional 46 shares during the period. Threadgill Financial LLC’s holdings in Microsoft were worth $276,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. DGS Capital Management LLC lifted its stake in shares of Microsoft by 19.9% in the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock valued at $4,422,000 after purchasing an additional 2,383 shares during the last quarter. IFM Investors Pty Ltd increased its holdings in shares of Microsoft by 20.8% during the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock valued at $351,001,000 after acquiring an additional 196,338 shares during the last quarter. Altus Wealth Group LLC raised its stake in shares of Microsoft by 1.2% in the 1st quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock valued at $3,919,000 after acquiring an additional 152 shares in the last quarter. Powell Investment Advisors LLC lifted its holdings in Microsoft by 16.2% in the 1st quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock worth $795,000 after purchasing an additional 359 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC boosted its position in Microsoft by 8.2% during the first quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock worth $1,921,000 after purchasing an additional 512 shares during the period. 69.20% of the stock is owned by institutional investors and hedge funds.
Microsoft Stock Performance
Microsoft stock opened at $317.54 on Tuesday. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $366.78. The stock has a 50-day simple moving average of $330.05 and a 200 day simple moving average of $316.86. The company has a quick ratio of 1.75, a current ratio of 1.77 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $2.36 trillion, a price-to-earnings ratio of 32.77, a P/E/G ratio of 2.34 and a beta of 0.90.
Microsoft Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.94%. This is a positive change from Microsoft’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft’s dividend payout ratio (DPR) is presently 30.96%.
Analyst Upgrades and Downgrades
Several brokerages recently commented on MSFT. Redburn Partners dropped their target price on shares of Microsoft from $450.00 to $440.00 and set a “buy” rating on the stock in a report on Friday, August 11th. Piper Sandler reissued an “overweight” rating and set a $400.00 price objective on shares of Microsoft in a research report on Wednesday, July 26th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $385.00 target price on shares of Microsoft in a report on Friday. Royal Bank of Canada reissued an “outperform” rating and issued a $390.00 price objective on shares of Microsoft in a research report on Friday. Finally, Rosenblatt Securities boosted their target price on shares of Microsoft from $310.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. Five research analysts have rated the stock with a hold rating and thirty-four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $375.03.
Get Our Latest Stock Report on MSFT
Insider Activity
In other news, CEO Satya Nadella sold 38,234 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $328.43, for a total transaction of $12,557,192.62. Following the transaction, the chief executive officer now owns 800,668 shares of the company’s stock, valued at $262,963,391.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Microsoft news, CEO Satya Nadella sold 38,234 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $328.43, for a total transaction of $12,557,192.62. Following the completion of the sale, the chief executive officer now directly owns 800,668 shares of the company’s stock, valued at approximately $262,963,391.24. The sale 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 the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the completion of the transaction, 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. In the last ninety days, insiders sold 115,049 shares of company stock valued at $38,195,619. Company insiders own 0.03% of the company’s stock.
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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