Richwood Investment Advisors LLC lowered its position in Microsoft Co. (NASDAQ:MSFT – Free Report) by 3.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,919 shares of the software giant’s stock after selling 91 shares during the period. Microsoft makes up approximately 1.0% of Richwood Investment Advisors LLC’s investment portfolio, making the stock its 22nd largest holding. Richwood Investment Advisors LLC’s holdings in Microsoft were worth $994,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of MSFT. Good Life Advisors LLC grew 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 acquiring an additional 311 shares during the period. Carr Financial Group Corp grew its stake in shares of Microsoft by 4.0% during the 2nd quarter. Carr Financial Group Corp now owns 10,761 shares of the software giant’s stock worth $3,665,000 after purchasing an additional 417 shares during the period. Planning Center Inc. increased its holdings in shares of Microsoft by 24.4% during the 2nd quarter. Planning Center Inc. now owns 4,849 shares of the software giant’s stock valued at $1,651,000 after purchasing an additional 950 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in shares of Microsoft by 6.6% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 1,518,749 shares of the software giant’s stock valued at $437,855,000 after purchasing an additional 94,563 shares during the period. Finally, DAVENPORT & Co LLC boosted its holdings in Microsoft by 1.0% during the second quarter. DAVENPORT & Co LLC now owns 868,980 shares of the software giant’s stock worth $295,161,000 after buying an additional 8,762 shares in the last quarter. Institutional investors and hedge funds own 69.20% of the company’s stock.
Microsoft Stock Performance
Shares of MSFT stock opened at $326.67 on Friday. 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 firm has a market cap of $2.43 trillion, a P/E ratio of 33.71, a P/E/G ratio of 2.43 and a beta of 0.91. The firm’s 50 day moving average price is $325.50 and its 200-day moving average price is $322.91. Microsoft Co. has a one year low of $213.43 and a one year high of $366.78.
Microsoft Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This is a positive change from Microsoft’s previous quarterly dividend of $0.68. This represents a $3.00 dividend on an annualized basis and a yield of 0.92%. Microsoft’s dividend payout ratio is 30.96%.
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. Wedbush reaffirmed an “outperform” rating and issued a $400.00 price objective on shares of Microsoft in a report on Thursday, September 21st. Rosenblatt Securities increased their price target on Microsoft from $360.00 to $370.00 and gave the stock a “buy” rating in a research report on Monday, October 16th. Raymond James boosted their price objective on Microsoft from $320.00 to $400.00 and gave the company an “outperform” rating in a research report on Monday, July 24th. TD Cowen increased their target price on Microsoft from $330.00 to $390.00 and gave the company an “outperform” rating in a research report on Wednesday, July 19th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a $385.00 price target on shares of Microsoft in a report on Friday, September 22nd. Five investment analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $378.11.
Check Out Our Latest Analysis on MSFT
Insider Transactions at Microsoft
In related news, insider Bradford L. Smith sold 50,000 shares of Microsoft stock in a transaction that occurred 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 completion of the transaction, the insider now owns 588,084 shares in the company, valued at $198,301,924.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, 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 sale, the executive vice president now directly owns 198,373 shares in the company, valued at $64,941,369.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Bradford L. Smith sold 50,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 115,049 shares of company stock valued at $38,195,619. 0.03% of the stock is currently owned by corporate 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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