Cambridge Advisors Inc. reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 3.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,593 shares of the software giant’s stock after selling 1,160 shares during the quarter. Microsoft makes up 2.7% of Cambridge Advisors Inc.’s holdings, making the stock its 7th largest position. Cambridge Advisors Inc.’s holdings in Microsoft were worth $10,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC raised its stake in Microsoft by 112,158.6% in the fourth 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 buying an additional 150,053,637 shares during the last quarter. Norges Bank purchased a new stake in Microsoft in the fourth quarter valued at about $20,700,525,000. Aaron Wealth Advisors LLC raised its stake in Microsoft by 35,465.9% in the first quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock valued at $66,852,000 after buying an additional 20,553,188 shares during the last quarter. Providence Capital Advisors LLC raised its stake in Microsoft by 29,789.2% in the first quarter. Providence Capital Advisors LLC now owns 16,570,893 shares of the software giant’s stock valued at $57,477,000 after buying an additional 16,515,452 shares during the last quarter. Finally, Morgan Stanley raised its stake in Microsoft by 14.0% in the fourth quarter. Morgan Stanley now owns 119,417,954 shares of the software giant’s stock valued at $28,638,815,000 after buying an additional 14,652,150 shares during the last quarter. 69.20% of the stock is currently owned by hedge funds and other institutional investors.
Microsoft Price Performance
MSFT stock opened at $315.75 on Friday. The stock has a market cap of $2.35 trillion, a price-to-earnings ratio of 32.59, a price-to-earnings-growth ratio of 2.30 and a beta of 0.90. 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 business has a fifty day moving average of $327.03 and a two-hundred day moving average of $317.68. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $366.78.
Microsoft Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be issued a $0.75 dividend. This is an increase from Microsoft’s previous quarterly dividend of $0.68. This represents a $3.00 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Wednesday, November 15th. Microsoft’s payout ratio is presently 28.07%.
Insider Activity
In other 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 value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Microsoft news, CEO Satya Nadella sold 38,234 shares of the company’s stock in a transaction that occurred 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kathleen T. Hogan sold 26,815 shares of the company’s stock in a transaction that occurred on 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 directly 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 three months, insiders sold 115,049 shares of company stock valued at $38,195,619. Insiders own 0.03% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. StockNews.com assumed coverage on Microsoft in a report on Thursday, August 17th. They issued a “buy” rating on the stock. Raymond James increased their price objective on Microsoft from $320.00 to $400.00 and gave the company an “outperform” rating in a report on Monday, July 24th. Redburn Partners cut their price objective on Microsoft from $450.00 to $440.00 and set a “buy” rating on the stock in a report on Friday, August 11th. Citigroup reaffirmed a “buy” rating and set a $420.00 target price on shares of Microsoft in a report on Friday, September 22nd. Finally, Guggenheim raised Microsoft from a “sell” rating to a “neutral” rating in a report on Monday, September 25th. Five analysts have rated the stock with a hold rating and thirty-four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $375.03.
View Our Latest Research Report on Microsoft
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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