MinichMacGregor Wealth Management LLC decreased its stake in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 6.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,827 shares of the software giant’s stock after selling 515 shares during the period. MinichMacGregor Wealth Management LLC’s holdings in Microsoft were worth $2,666,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Microsoft by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock valued at $147,714,197,000 after purchasing an additional 6,129,708 shares in the last quarter. State Street Corp boosted its position in shares of Microsoft by 0.7% during the 3rd quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock valued at $68,824,173,000 after purchasing an additional 1,951,554 shares in the last quarter. FMR LLC boosted its position in shares of Microsoft by 0.8% during the 1st quarter. FMR LLC now owns 200,523,373 shares of the software giant’s stock valued at $57,810,889,000 after purchasing an additional 1,537,712 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Microsoft by 0.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock valued at $50,302,677,000 after purchasing an additional 556,020 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC boosted its position in shares of Microsoft by 112,158.6% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 69.20% of the company’s stock.
Microsoft Trading Up 0.7 %
Shares of Microsoft stock opened at $315.75 on Friday. The firm has a market capitalization of $2.35 trillion, a PE ratio of 32.59, a price-to-earnings-growth ratio of 2.30 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 company’s fifty day moving average price is $327.03 and its two-hundred day moving average price is $317.68. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $366.78.
Microsoft Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Wednesday, November 15th. This is a positive change from Microsoft’s previous quarterly dividend of $0.68. Microsoft’s payout ratio is 28.07%.
Insider Buying and Selling at Microsoft
In other Microsoft news, insider Bradford L. Smith sold 50,000 shares of the business’s stock in a transaction on 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 sale, the insider now owns 588,084 shares of the company’s stock, valued at approximately $198,301,924.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Bradford L. Smith sold 50,000 shares of the company’s 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 sale, the insider now owns 588,084 shares of the company’s stock, valued at approximately $198,301,924.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Satya Nadella sold 38,234 shares of the company’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 in the company, valued at approximately $262,963,391.24. 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.
Analyst Ratings Changes
Several equities analysts have recently weighed in on MSFT shares. Oppenheimer restated an “outperform” rating and set a $410.00 price objective on shares of Microsoft in a research report on Friday, July 28th. Stifel Nicolaus raised their target price on shares of Microsoft from $320.00 to $380.00 and gave the stock a “buy” rating in a report on Thursday, July 20th. BMO Capital Markets raised their target price on shares of Microsoft from $385.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, July 26th. Redburn Partners decreased their target price on shares of Microsoft from $450.00 to $440.00 and set a “buy” rating for the company in a report on Friday, August 11th. Finally, Wells Fargo & Company raised their target price on shares of Microsoft from $380.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, July 19th. Five research analysts have rated the stock with a hold rating and thirty-four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $375.03.
View Our Latest Report on Microsoft
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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