FRG Family Wealth Advisors LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 0.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 148,107 shares of the software giant’s stock after buying an additional 690 shares during the period. Microsoft comprises about 11.0% of FRG Family Wealth Advisors LLC’s portfolio, making the stock its biggest position. FRG Family Wealth Advisors LLC’s holdings in Microsoft were worth $50,436,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the company. Good Life Advisors LLC boosted its holdings in shares of Microsoft by 0.6% in the 2nd quarter. Good Life Advisors LLC now owns 54,021 shares of the software giant’s stock valued at $18,396,000 after buying an additional 311 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its stake in shares of Microsoft by 6.6% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 1,518,749 shares of the software giant’s stock worth $437,855,000 after purchasing an additional 94,563 shares during the last quarter. Spinnaker Investment Group LLC raised its position in Microsoft by 2.6% during the 1st quarter. Spinnaker Investment Group LLC now owns 11,951 shares of the software giant’s stock worth $3,445,000 after buying an additional 305 shares during the last quarter. Kalos Management Inc. acquired a new stake in shares of Microsoft in the 1st quarter worth $159,000. Finally, Quilter Plc boosted its holdings in shares of Microsoft by 1.4% in the fourth quarter. Quilter Plc now owns 844,299 shares of the software giant’s stock valued at $202,480,000 after acquiring an additional 11,563 shares in the last quarter. Hedge funds and other institutional investors own 69.20% of the company’s stock.
Microsoft Trading Up 0.3 %
NASDAQ MSFT opened at $313.64 on Friday. 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 one year low of $213.43 and a one year high of $366.78. The company’s 50 day moving average price is $327.59 and its 200 day moving average price is $317.25. The firm has a market capitalization of $2.33 trillion, a price-to-earnings ratio of 32.37, a PEG ratio of 2.30 and a beta of 0.90.
Microsoft Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.96%. This is a positive change from Microsoft’s previous quarterly dividend of $0.68. Microsoft’s dividend payout ratio (DPR) is 28.07%.
Analysts Set New Price Targets
Several research firms have issued reports on MSFT. Stifel Nicolaus boosted their target price on Microsoft from $320.00 to $380.00 and gave the stock a “buy” rating in a research report on Thursday, July 20th. Morgan Stanley boosted their price target on Microsoft from $335.00 to $415.00 in a research note on Thursday, July 6th. Rosenblatt Securities upped their target price on Microsoft from $310.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, July 27th. DA Davidson boosted their price objective on shares of Microsoft from $350.00 to $415.00 in a research report on Friday, July 21st. Finally, Argus raised their target price on shares of Microsoft from $371.00 to $390.00 and gave the company a “buy” rating in a report on Monday, July 31st. Five investment 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.
Get Our Latest Stock Analysis on Microsoft
Insider Activity at Microsoft
In other Microsoft news, insider Bradford L. Smith sold 50,000 shares of the company’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 value of $16,860,000.00. Following the completion of the transaction, the insider now owns 588,084 shares in the company, valued at approximately $198,301,924.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Bradford L. Smith sold 50,000 shares of the firm’s stock in a transaction on 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 sale, the insider now directly owns 588,084 shares of the company’s stock, valued at approximately $198,301,924.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kathleen T. Hogan sold 26,815 shares of the firm’s 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 sale, the executive vice president now owns 198,373 shares of the company’s stock, valued at $64,941,369.01. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 115,049 shares of company stock worth $38,195,619. 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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