Brown Miller Wealth Management LLC lessened its stake in Microsoft Co. (NASDAQ:MSFT – Free Report) by 0.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 36,309 shares of the software giant’s stock after selling 107 shares during the period. Microsoft comprises about 6.7% of Brown Miller Wealth Management LLC’s holdings, making the stock its 3rd biggest position. Brown Miller Wealth Management LLC’s holdings in Microsoft were worth $12,364,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Sightline Wealth Advisors LLC lifted its position in Microsoft by 0.9% in the 2nd quarter. Sightline Wealth Advisors LLC now owns 3,337 shares of the software giant’s stock valued at $962,000 after acquiring an additional 29 shares in the last quarter. Strategic Investment Solutions Inc. IL lifted its position in Microsoft by 0.8% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 4,208 shares of the software giant’s stock worth $1,213,000 after buying an additional 32 shares in the last quarter. Arbor Capital Management Inc. ADV lifted its position in Microsoft by 0.5% during the 1st quarter. Arbor Capital Management Inc. ADV now owns 7,166 shares of the software giant’s stock worth $2,074,000 after buying an additional 33 shares in the last quarter. Affiance Financial LLC lifted its position in Microsoft by 0.3% during the 1st quarter. Affiance Financial LLC now owns 10,362 shares of the software giant’s stock worth $2,988,000 after buying an additional 35 shares in the last quarter. Finally, Five Oceans Advisors lifted its position in Microsoft by 0.3% during the 2nd quarter. Five Oceans Advisors now owns 10,744 shares of the software giant’s stock worth $3,659,000 after buying an additional 35 shares in the last quarter. Institutional investors own 69.20% of the company’s stock.
Microsoft Price Performance
MSFT stock opened at $329.82 on Tuesday. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $366.78. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.75 and a current ratio of 1.77. The company has a fifty day moving average price of $324.87 and a 200-day moving average price of $320.41. The company has a market capitalization of $2.45 trillion, a P/E ratio of 34.04, a PEG ratio of 2.41 and a beta of 0.91.
Microsoft Increases Dividend
The business 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 dividend on an annualized basis and a yield of 0.91%. This is a boost from Microsoft’s previous quarterly dividend of $0.68. The ex-dividend date is Wednesday, November 15th. Microsoft’s dividend payout ratio (DPR) is presently 28.07%.
Analyst Upgrades and Downgrades
MSFT has been the topic of several recent analyst reports. UBS Group upgraded shares of Microsoft from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $345.00 to $400.00 in a research note on Friday, July 14th. Sanford C. Bernstein upped their price target on shares of Microsoft from $398.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, September 20th. Rosenblatt Securities upped their price target on shares of Microsoft from $310.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. BMO Capital Markets increased their target price on shares of Microsoft from $385.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 26th. Finally, Fundamental Research set a $298.10 target price on shares of Microsoft and gave the stock a “hold” rating in a research report on Wednesday, August 9th. Five analysts have rated the stock with a hold rating and thirty-four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $376.34.
Check Out Our Latest Analysis on MSFT
Insider Buying and Selling at Microsoft
In other Microsoft 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 value of $16,860,000.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Bradford L. Smith sold 50,000 shares of the firm’s stock in a transaction dated 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 transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Satya Nadella sold 38,234 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were 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 directly owns 800,668 shares in the company, valued at $262,963,391.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 115,049 shares of company stock valued at $38,195,619. Corporate insiders own 0.03% of the company’s stock.
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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