Taylor & Morgan Wealth Management LLC reduced its position in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 1.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,959 shares of the software giant’s stock after selling 206 shares during the period. Microsoft makes up approximately 3.9% of Taylor & Morgan Wealth Management LLC’s portfolio, making the stock its 8th largest position. Taylor & Morgan Wealth Management LLC’s holdings in Microsoft were worth $4,754,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Monumental Financial Group Inc. purchased a new position in Microsoft in the first quarter valued at about $28,000. Gleason Group Inc. increased its holdings in Microsoft by 111.7% in the first quarter. Gleason Group Inc. now owns 199 shares of the software giant’s stock valued at $57,000 after buying an additional 105 shares in the last quarter. Syverson Strege & Co increased its holdings in Microsoft by 157.0% in the first quarter. Syverson Strege & Co now owns 203 shares of the software giant’s stock valued at $58,000 after buying an additional 124 shares in the last quarter. MayTech Global Investments LLC purchased a new position in Microsoft in the fourth quarter valued at about $83,000. Finally, Beutel Goodman & Co Ltd. increased its holdings in Microsoft by 57.5% in the third quarter. Beutel Goodman & Co Ltd. now owns 411 shares of the software giant’s stock valued at $95,000 after buying an additional 150 shares in the last quarter. 69.20% of the stock is owned by hedge funds and other institutional investors.
Microsoft Stock Performance
Microsoft stock opened at $312.79 on Thursday. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $366.78. The company has a market capitalization of $2.32 trillion, a price-to-earnings ratio of 32.28, a price-to-earnings-growth ratio of 2.34 and a beta of 0.90. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.77 and a quick ratio of 1.75. The firm’s fifty day moving average price is $328.26 and its 200 day moving average price is $317.27.
Microsoft Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.75 per share. This is a positive change from Microsoft’s previous quarterly dividend of $0.68. This represents a $3.00 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft’s dividend payout ratio (DPR) is currently 28.07%.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on MSFT shares. Mizuho increased their price target on shares of Microsoft from $360.00 to $390.00 and gave the company a “buy” rating in a research report on Monday, July 17th. Bank of America increased their price target on shares of Microsoft from $340.00 to $405.00 and gave the company a “buy” rating in a research report on Wednesday, July 19th. Raymond James increased their price target on shares of Microsoft from $320.00 to $400.00 and gave the company an “outperform” rating in a research report on Monday, July 24th. Piper Sandler reiterated an “overweight” rating and issued a $400.00 price target on shares of Microsoft in a research report on Wednesday, July 26th. Finally, StockNews.com started coverage on shares of Microsoft in a research report on Thursday, August 17th. They issued a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating and thirty-four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $375.03.
View Our Latest Research Report on Microsoft
Insiders Place Their Bets
In other Microsoft news, CEO Satya Nadella sold 38,234 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $328.43, for a total transaction of $12,557,192.62. Following the completion of the transaction, 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 SEC, which is available through this hyperlink. In other news, EVP Kathleen T. Hogan sold 26,815 shares of Microsoft stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 198,373 shares of the company’s stock, valued at approximately $64,941,369.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Satya Nadella sold 38,234 shares of Microsoft stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $328.43, for a total transaction of $12,557,192.62. Following the completion of the transaction, the chief executive officer now directly owns 800,668 shares of the company’s stock, valued at $262,963,391.24. The disclosure for this sale can be found here. Insiders sold a total of 115,049 shares of company stock valued at $38,195,619 in the last ninety days. Corporate 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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