Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 9.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,380 shares of the software giant’s stock after purchasing an additional 4,017 shares during the quarter. Microsoft comprises approximately 1.1% of Nelson Van Denburg & Campbell Wealth Management Group LLC’s investment portfolio, making the stock its 18th biggest position. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Microsoft were worth $16,475,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of MSFT. Vanguard Group Inc. raised its holdings in shares of Microsoft by 1.0% in 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 buying an additional 6,129,708 shares during the period. State Street Corp grew its position in Microsoft by 0.7% in 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 acquiring an additional 1,951,554 shares in the last quarter. FMR LLC increased its stake in Microsoft by 0.8% during the first quarter. FMR LLC now owns 200,523,373 shares of the software giant’s stock worth $57,810,889,000 after purchasing an additional 1,537,712 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Microsoft by 0.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock worth $50,302,677,000 after purchasing an additional 556,020 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC boosted its stake in shares of 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. 69.20% of the stock is owned by institutional investors and hedge funds.
Microsoft Stock Up 1.2 %
Shares of NASDAQ:MSFT opened at $332.42 on Thursday. The company has a market cap of $2.47 trillion, a price-to-earnings ratio of 34.31, a PEG ratio of 2.43 and a beta of 0.91. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $366.78. The firm’s 50-day simple moving average is $324.81 and its 200-day simple moving average is $320.83. The company has a quick ratio of 1.75, a current ratio of 1.77 and a debt-to-equity ratio of 0.20.
Microsoft Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.90%. This is an increase from Microsoft’s previous quarterly dividend of $0.68. Microsoft’s payout ratio is currently 28.07%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the stock. DA Davidson increased their target price on shares of Microsoft from $350.00 to $415.00 in a report on Friday, July 21st. Piper Sandler reiterated an “overweight” rating and issued a $400.00 target price on shares of Microsoft in a report on Wednesday, July 26th. Tigress Financial upped their price target on Microsoft from $411.00 to $433.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. StockNews.com assumed coverage on Microsoft in a research note on Thursday, October 5th. They issued a “buy” rating for the company. Finally, Fundamental Research set a $298.10 target price on shares of Microsoft and gave the stock a “hold” rating in a research note on Wednesday, August 9th. Five research analysts have rated the stock with a hold rating and thirty-four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $376.34.
Read Our Latest Research Report on MSFT
Insiders Place Their Bets
In other news, 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 sale, the executive vice president now owns 198,373 shares of the company’s stock, valued at approximately $64,941,369.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Kathleen T. Hogan sold 26,815 shares of the firm’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 value of $8,778,426.55. Following the completion of the transaction, the executive vice president now directly owns 198,373 shares of the company’s stock, valued at approximately $64,941,369.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Satya Nadella sold 38,234 shares of the business’s stock in a transaction on 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 sale, 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. Over the last three months, insiders have sold 115,049 shares of company stock worth $38,195,619. 0.03% of the stock is owned by company insiders.
Microsoft Company 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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