Cliftonlarsonallen Wealth Advisors LLC decreased its position in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 8.0% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,281 shares of the software giant’s stock after selling 2,273 shares during the quarter. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Microsoft were worth $8,950,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of MSFT. Monumental Financial Group Inc. bought a new stake in Microsoft in the 1st quarter valued at $28,000. Gleason Group Inc. increased its holdings in Microsoft by 111.7% in the 1st quarter. Gleason Group Inc. now owns 199 shares of the software giant’s stock valued at $57,000 after acquiring an additional 105 shares during the last quarter. Syverson Strege & Co increased its holdings in Microsoft by 157.0% in the 1st quarter. Syverson Strege & Co now owns 203 shares of the software giant’s stock valued at $58,000 after acquiring an additional 124 shares during the last quarter. Alapocas Investment Partners Inc. bought a new stake in Microsoft in the 1st quarter valued at $97,000. Finally, MayTech Global Investments LLC bought a new stake in Microsoft in the 4th quarter valued at $83,000. Hedge funds and other institutional investors own 69.20% of the company’s stock.
Microsoft Price Performance
Shares of MSFT opened at $321.80 on Tuesday. The company has a 50 day moving average price of $326.57 and a 200-day moving average price of $318.77. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $366.78. The stock has a market capitalization of $2.39 trillion, a PE ratio of 33.21, a PEG ratio of 2.33 and a beta of 0.91. 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 Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Wednesday, November 15th. This is a boost from Microsoft’s previous quarterly dividend of $0.68. Microsoft’s dividend payout ratio is presently 28.07%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the stock. Morgan Stanley boosted their target price on shares of Microsoft from $335.00 to $415.00 in a report on Thursday, July 6th. Royal Bank of Canada restated an “outperform” rating and issued a $390.00 target price on shares of Microsoft in a report on Friday, September 22nd. Mizuho boosted their target price on shares of Microsoft from $360.00 to $390.00 and gave the stock a “buy” rating in a report on Monday, July 17th. Wedbush restated an “outperform” rating and issued a $400.00 target price on shares of Microsoft in a report on Thursday, September 21st. Finally, BMO Capital Markets boosted 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. Five investment analysts have rated the stock with a hold rating and thirty-four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $376.34.
View Our Latest Stock Analysis on MSFT
Insider Buying and Selling
In related news, insider Bradford L. Smith sold 50,000 shares of the business’s stock in a transaction that occurred 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 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 is available at this hyperlink. In related news, insider Bradford L. Smith sold 50,000 shares of the business’s stock in a transaction that occurred 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 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 is available at this hyperlink. Also, EVP Kathleen T. Hogan sold 26,815 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $327.37, for a total transaction of $8,778,426.55. Following the transaction, the executive vice president now owns 198,373 shares of the company’s stock, valued at approximately $64,941,369.01. The disclosure for this sale can be found here. Insiders sold a total of 115,049 shares of company stock worth $38,195,619 in the last 90 days. 0.03% of the stock is owned by corporate 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.
Featured Articles
- Five stocks we like better than Microsoft
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- Here’s Why Cloudflare may be the Ultimate Cloud Stock to Own
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- 5 Reasons Why Arcos Dorados Is A Perfect Investment for 2024
- Find and Profitably Trade Stocks at 52-Week Lows
- Nvidia Stock, Christmas Comes Early If You’re On the Fence
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.
