Fulton Breakefield Broenniman LLC raised its stake in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 193,947 shares of the software giant’s stock after acquiring an additional 2,687 shares during the quarter. Microsoft makes up 5.5% of Fulton Breakefield Broenniman LLC’s portfolio, making the stock its 2nd biggest position. Fulton Breakefield Broenniman LLC’s holdings in Microsoft were worth $66,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the stock. Monumental Financial Group Inc. bought a new position in shares of Microsoft in the 1st quarter worth about $28,000. Gleason Group Inc. lifted its position in shares of Microsoft by 111.7% in the 1st quarter. Gleason Group Inc. now owns 199 shares of the software giant’s stock worth $57,000 after buying an additional 105 shares during the last quarter. Syverson Strege & Co lifted its position in shares of Microsoft by 157.0% in the 1st quarter. Syverson Strege & Co now owns 203 shares of the software giant’s stock worth $58,000 after buying an additional 124 shares during the last quarter. Carolina Wealth Advisors LLC lifted its position in shares of Microsoft by 39.0% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 303 shares of the software giant’s stock worth $103,000 after buying an additional 85 shares during the last quarter. Finally, Alapocas Investment Partners Inc. bought a new position in shares of Microsoft in the 1st quarter worth about $97,000. 69.20% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the stock. Rosenblatt Securities raised their price target on shares of Microsoft from $310.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. Stifel Nicolaus raised their price target on shares of Microsoft from $320.00 to $380.00 and gave the stock a “buy” rating in a research report on Thursday, July 20th. Redburn Partners reduced their price target on shares of Microsoft from $450.00 to $440.00 and set a “buy” rating on the stock in a research report on Friday, August 11th. Tigress Financial increased their price objective on shares of Microsoft from $411.00 to $433.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $400.00 price objective on shares of Microsoft in a report on Wednesday, July 26th. Five analysts have rated the stock with a hold rating and thirty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $376.34.
Microsoft Stock Performance
Shares of MSFT opened at $331.16 on Friday. Microsoft Co. has a one year low of $213.43 and a one year high of $366.78. The company has a 50-day moving average of $324.90 and a two-hundred day moving average of $320.90. The stock has a market cap of $2.46 trillion, a price-to-earnings ratio of 34.18, a PEG ratio of 2.43 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.
Microsoft (NASDAQ:MSFT – Get Free Report) last announced its earnings results on Tuesday, July 25th. The software giant reported $2.69 EPS for the quarter, topping the consensus estimate of $2.55 by $0.14. Microsoft had a net margin of 34.15% and a return on equity of 38.70%. The company had revenue of $56.19 billion during the quarter, compared to analysts’ expectations of $55.49 billion. During the same period last year, the company posted $2.23 earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, equities research analysts expect that Microsoft Co. will post 10.9 earnings per share for the current year.
Microsoft Increases Dividend
The business also recently declared 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. This is a boost from Microsoft’s previous quarterly dividend of $0.68. This represents a $3.00 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Wednesday, November 15th. Microsoft’s dividend payout ratio (DPR) is currently 28.07%.
Insider Buying and Selling
In related news, CEO Satya Nadella sold 38,234 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 800,668 shares in the company, valued at $262,963,391.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Satya Nadella sold 38,234 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 800,668 shares in the company, valued at $262,963,391.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the sale, the insider now owns 588,084 shares of the company’s stock, valued at $198,301,924.80. The disclosure for this sale can be found here. Over the last three months, insiders 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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