Lbmc Investment Advisors LLC reduced its holdings in Microsoft Co. (NASDAQ:MSFT – Free Report) by 1.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,894 shares of the software giant’s stock after selling 193 shares during the period. Microsoft comprises 0.4% of Lbmc Investment Advisors LLC’s holdings, making the stock its 27th largest position. Lbmc Investment Advisors LLC’s holdings in Microsoft were worth $4,391,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of MSFT. Moneta Group Investment Advisors LLC grew its holdings 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 purchasing an additional 150,053,637 shares during the period. Norges Bank acquired a new stake in shares of Microsoft in the fourth quarter worth approximately $20,700,525,000. Aaron Wealth Advisors LLC boosted its stake in shares of 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 worth $66,852,000 after acquiring an additional 20,553,188 shares during the last quarter. Providence Capital Advisors LLC boosted its stake in shares of 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 worth $57,477,000 after acquiring an additional 16,515,452 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of Microsoft by 14.0% in the fourth quarter. Morgan Stanley now owns 119,417,954 shares of the software giant’s stock worth $28,638,815,000 after acquiring an additional 14,652,150 shares during the last quarter. 69.20% of the stock is owned by institutional investors and hedge funds.
Microsoft Price Performance
Shares of NASDAQ MSFT opened at $327.26 on Friday. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $366.78. The company has a market cap of $2.43 trillion, a price-to-earnings ratio of 33.77, a price-to-earnings-growth ratio of 2.35 and a beta of 0.91. 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 stock’s 50-day moving average is $324.99 and its two-hundred day moving average is $319.39.
Microsoft Increases Dividend
The firm also recently disclosed 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. The ex-dividend date is Wednesday, November 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.92%. This is an increase from Microsoft’s previous quarterly dividend of $0.68. Microsoft’s dividend payout ratio is presently 28.07%.
Analysts Set New Price Targets
MSFT has been the topic of a number of research analyst reports. TD Cowen lifted their price target on Microsoft from $330.00 to $390.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 19th. Mizuho boosted their price objective on Microsoft from $360.00 to $390.00 and gave the stock a “buy” rating in a research note on Monday, July 17th. Barclays boosted their price objective on Microsoft from $336.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 19th. Guggenheim raised Microsoft from a “sell” rating to a “neutral” rating in a research note on Monday, September 25th. Finally, BMO Capital Markets boosted their price objective on Microsoft from $385.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 26th. Five investment analysts have rated the stock with a hold rating and thirty-four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $376.34.
View Our Latest Analysis on Microsoft
Insider Activity
In related news, insider Bradford L. Smith sold 50,000 shares of the company’s stock in a transaction dated 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 sale, the insider now directly 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 SEC, which can be accessed through the SEC website. In other news, insider Bradford L. Smith sold 50,000 shares of the 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 sale, the insider now directly owns 588,084 shares of the company’s stock, valued at $198,301,924.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Satya Nadella sold 38,234 shares of the firm’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 transaction, the chief executive officer now owns 800,668 shares in the company, valued at $262,963,391.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 115,049 shares of company stock worth $38,195,619. 0.03% of the stock is currently owned by insiders.
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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