Uncommon Cents Investing LLC lowered its position in Microsoft Co. (NASDAQ:MSFT – Free Report) by 0.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,678 shares of the software giant’s stock after selling 160 shares during the period. Microsoft comprises about 4.1% of Uncommon Cents Investing LLC’s portfolio, making the stock its largest position. Uncommon Cents Investing LLC’s holdings in Microsoft were worth $11,469,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Good Life Advisors LLC increased its holdings in Microsoft by 0.6% during the second quarter. Good Life Advisors LLC now owns 54,021 shares of the software giant’s stock worth $18,396,000 after buying an additional 311 shares during the last quarter. Carr Financial Group Corp increased its holdings in Microsoft by 4.0% during the second quarter. Carr Financial Group Corp now owns 10,761 shares of the software giant’s stock worth $3,665,000 after buying an additional 417 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings in Microsoft by 6.6% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 1,518,749 shares of the software giant’s stock worth $437,855,000 after buying an additional 94,563 shares during the last quarter. Spinnaker Investment Group LLC increased its holdings in Microsoft by 2.6% during the first quarter. Spinnaker Investment Group LLC now owns 11,951 shares of the software giant’s stock worth $3,445,000 after buying an additional 305 shares during the last quarter. Finally, Kalos Management Inc. purchased a new stake in Microsoft during the first quarter worth about $159,000. Hedge funds and other institutional investors own 69.20% of the company’s stock.
Microsoft Trading Down 1.0 %
MSFT stock opened at $327.73 on Monday. The company has a market capitalization of $2.43 trillion, a PE ratio of 33.82, a price-to-earnings-growth ratio of 2.43 and a beta of 0.91. Microsoft Co. has a one year low of $213.43 and a one year high of $366.78. The company’s 50 day moving average price is $324.89 and its two-hundred day moving average price is $321.87. 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 company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.92%. This is an increase from Microsoft’s previous quarterly dividend of $0.68. The ex-dividend date is Wednesday, November 15th. Microsoft’s payout ratio is presently 30.96%.
Analyst Ratings Changes
MSFT has been the subject of a number of research analyst reports. Argus raised their price objective on shares of Microsoft from $371.00 to $390.00 and gave the stock a “buy” rating in a report on Monday, July 31st. Fundamental Research set a $298.10 price objective on shares of Microsoft and gave the stock a “hold” rating in a report on Wednesday, August 9th. Sanford C. Bernstein increased their target price on shares of Microsoft from $398.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 20th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $385.00 target price on shares of Microsoft in a research report on Friday, September 22nd. Finally, KeyCorp increased their target price on shares of Microsoft from $340.00 to $400.00 in a research report on Tuesday, July 18th. Five equities research analysts have rated the stock with a hold rating and thirty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $376.34.
Get Our Latest Analysis on MSFT
Insider Buying and Selling
In related news, EVP Kathleen T. Hogan sold 26,815 shares of Microsoft stock in a transaction on Friday, September 1st. The shares were sold at an average price of $327.37, for a total value of $8,778,426.55. Following the transaction, the executive vice president now directly owns 198,373 shares of the company’s stock, valued at $64,941,369.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP Kathleen T. Hogan sold 26,815 shares of Microsoft stock in a transaction on Friday, September 1st. The shares were sold at an average price of $327.37, for a total value of $8,778,426.55. Following the transaction, the executive vice president now directly owns 198,373 shares of the company’s stock, valued at $64,941,369.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Bradford L. Smith sold 50,000 shares of Microsoft stock in a transaction 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 completion of the transaction, the insider now directly owns 588,084 shares in the company, valued at $198,301,924.80. The disclosure for this sale can be found here. Insiders have sold a total of 115,049 shares of company stock valued at $38,195,619 over the last three months. 0.03% of the stock is owned by company 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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