Spectrum Wealth Advisory Group LLC lowered its position in Microsoft Co. (NASDAQ:MSFT – Free Report) by 2.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,667 shares of the software giant’s stock after selling 74 shares during the quarter. Microsoft accounts for approximately 1.2% of Spectrum Wealth Advisory Group LLC’s investment portfolio, making the stock its 12th largest position. Spectrum Wealth Advisory Group LLC’s holdings in Microsoft were worth $908,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Microsoft by 1.0% in the third 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 increased its stake in shares of Microsoft by 0.7% in the third quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock valued at $68,824,173,000 after buying an additional 1,951,554 shares during the period. FMR LLC increased its stake in shares of Microsoft by 0.8% in the first quarter. FMR LLC now owns 200,523,373 shares of the software giant’s stock valued at $57,810,889,000 after buying an additional 1,537,712 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Microsoft by 0.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock valued at $50,302,677,000 after buying an additional 556,020 shares during the period. Finally, Moneta Group Investment Advisors LLC increased 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 buying an additional 150,053,637 shares during the period. Institutional investors and hedge funds own 69.20% of the company’s stock.
Microsoft Trading Down 0.6 %
Shares of Microsoft stock opened at $330.11 on Thursday. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $366.78. The firm has a market cap of $2.45 trillion, a PE ratio of 34.07, a P/E/G ratio of 2.45 and a beta of 0.91. The stock has a fifty day moving average price of $325.22 and a 200-day moving average price of $322.57. 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 Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be given a dividend of $0.75 per share. The ex-dividend date is Wednesday, November 15th. This is a positive change from Microsoft’s previous quarterly dividend of $0.68. This represents a $3.00 annualized dividend and a dividend yield of 0.91%. Microsoft’s dividend payout ratio (DPR) is currently 28.07%.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on MSFT. TD Cowen upped their target price on Microsoft from $330.00 to $390.00 and gave the company an “outperform” rating in a report on Wednesday, July 19th. Royal Bank of Canada reiterated an “outperform” rating and issued a $390.00 target price on shares of Microsoft in a report on Friday, September 22nd. Raymond James upped their target price on Microsoft from $320.00 to $400.00 and gave the company an “outperform” rating in a report on Monday, July 24th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $385.00 target price on shares of Microsoft in a report on Friday, September 22nd. Finally, Citigroup reiterated a “buy” rating and issued a $420.00 target price on shares of Microsoft in a report on Friday, September 22nd. Five equities research analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the company. According to data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and a consensus price target of $377.85.
View Our Latest Analysis on MSFT
Insider Activity
In other news, insider Bradford L. Smith sold 50,000 shares of the 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 owns 588,084 shares in the company, valued at approximately $198,301,924.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Bradford L. Smith sold 50,000 shares of the 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 owns 588,084 shares in the company, valued at approximately $198,301,924.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kathleen T. Hogan sold 26,815 shares of the stock in a transaction 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 transaction, the executive vice president now owns 198,373 shares of the company’s stock, valued at approximately $64,941,369.01. The disclosure for this sale can be found here. Insiders sold a total of 115,049 shares of company stock valued at $38,195,619 in the last ninety days. 0.03% of the stock is currently owned by 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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