Country Club Bank GFN lessened its stake in Microsoft Co. (NASDAQ:MSFT – Free Report) by 1.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 98,908 shares of the software giant’s stock after selling 1,895 shares during the quarter. Microsoft comprises 2.6% of Country Club Bank GFN’s investment portfolio, making the stock its 4th biggest position. Country Club Bank GFN’s holdings in Microsoft were worth $33,139,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Microsoft by 1.0% during the third quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock worth $147,714,197,000 after acquiring an additional 6,129,708 shares in the last quarter. State Street Corp raised its stake in Microsoft by 0.7% during the third quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock worth $68,824,173,000 after acquiring an additional 1,951,554 shares in the last quarter. FMR LLC raised 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 acquiring an additional 1,537,712 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in 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 acquiring an additional 556,020 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC raised its stake in Microsoft by 112,158.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock worth $36,017,948,000 after acquiring an additional 150,053,637 shares in the last quarter. Institutional investors and hedge funds own 69.20% of the company’s stock.
Microsoft Price Performance
Shares of MSFT opened at $327.89 on Friday. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $366.78. The business’s fifty day moving average is $326.41 and its 200 day moving average is $324.11. The company has a quick ratio of 1.75, a current ratio of 1.77 and a debt-to-equity ratio of 0.20. The stock has a market cap of $2.44 trillion, a P/E ratio of 31.74, a P/E/G ratio of 2.35 and a beta of 0.91.
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 given a $0.75 dividend. 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 0.91%. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft’s dividend payout ratio is presently 26.33%.
Analyst Ratings Changes
Several research analysts have recently issued reports on MSFT shares. Fundamental Research set a $298.10 price objective on Microsoft and gave the company a “hold” rating in a research note on Wednesday, August 9th. Guggenheim raised Microsoft from a “sell” rating to a “neutral” rating in a research note on Monday, September 25th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $400.00 price objective on shares of Microsoft in a research note on Monday, October 2nd. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $385.00 price objective on shares of Microsoft in a research note on Friday, September 22nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $390.00 price objective on shares of Microsoft in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and thirty-five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $384.34.
Check Out Our Latest Analysis on MSFT
Insider Activity at Microsoft
In related news, CEO Satya Nadella sold 38,234 shares of the 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 completion of the sale, the chief executive officer now directly owns 800,668 shares of the company’s stock, valued at approximately $262,963,391.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Bradford L. Smith sold 50,000 shares of the firm’s 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 sale, the insider now directly owns 588,084 shares of the company’s stock, valued at approximately $198,301,924.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Satya Nadella sold 38,234 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were 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 directly owns 800,668 shares of the company’s stock, valued at $262,963,391.24. The disclosure for this sale can be found here. In the last three months, insiders sold 115,049 shares of company stock valued at $38,195,619. 0.03% of the stock is 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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