Sanctuary Wealth Management L.L.C. purchased a new stake in Microsoft Co. (NASDAQ:MSFT – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 422 shares of the software giant’s stock, valued at approximately $144,000.
Other large investors have also added to or reduced their stakes in the company. Sightline Wealth Advisors LLC increased its stake in Microsoft by 0.9% in the second quarter. Sightline Wealth Advisors LLC now owns 3,337 shares of the software giant’s stock valued at $962,000 after purchasing an additional 29 shares in the last quarter. Stevens Capital Partners increased its position in shares of Microsoft by 2.0% during the second quarter. Stevens Capital Partners now owns 1,516 shares of the software giant’s stock worth $516,000 after acquiring an additional 29 shares in the last quarter. Eagle Bluffs Wealth Management LLC increased its position in shares of Microsoft by 0.3% during the second quarter. Eagle Bluffs Wealth Management LLC now owns 10,577 shares of the software giant’s stock worth $3,602,000 after acquiring an additional 31 shares in the last quarter. Strategic Investment Solutions Inc. IL increased its position in shares of Microsoft by 0.8% during the first quarter. Strategic Investment Solutions Inc. IL now owns 4,208 shares of the software giant’s stock worth $1,213,000 after acquiring an additional 32 shares in the last quarter. Finally, Arbor Capital Management Inc. ADV increased its position in shares of Microsoft by 0.5% during the first quarter. Arbor Capital Management Inc. ADV now owns 7,166 shares of the software giant’s stock worth $2,074,000 after acquiring an additional 33 shares in the last quarter. Institutional investors own 69.20% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on MSFT shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $390.00 price objective on shares of Microsoft in a research report on Wednesday. KeyCorp boosted their target price on shares of Microsoft from $340.00 to $400.00 in a research note on Tuesday, July 18th. Jefferies Financial Group reiterated a “buy” rating and issued a $400.00 target price on shares of Microsoft in a research note on Monday, October 2nd. StockNews.com started coverage on shares of Microsoft in a research note on Thursday, October 5th. They issued a “buy” rating on the stock. Finally, Barclays dropped their target price on shares of Microsoft from $425.00 to $421.00 and set an “overweight” rating on the stock in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and thirty-five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $384.34.
Insider Activity at Microsoft
In other Microsoft news, insider Bradford L. Smith sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were 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 in the company, valued at approximately $198,301,924.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Microsoft news, CEO Satya Nadella sold 38,234 shares of the company’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 of the company’s stock, valued at $262,963,391.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Bradford L. Smith sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the sale, 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. Insiders sold a total of 115,049 shares of company stock valued at $38,195,619 in the last three months. Company insiders own 0.03% of the company’s stock.
Microsoft Trading Up 0.6 %
Shares of MSFT opened at $329.81 on Friday. The stock has a market capitalization of $2.45 trillion, a P/E ratio of 31.93, a PEG ratio of 2.25 and a beta of 0.91. The company has a quick ratio of 1.75, a current ratio of 1.66 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $326.68 and a two-hundred day simple moving average of $324.39. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $366.78.
Microsoft (NASDAQ:MSFT – Get Free Report) last posted its earnings results on Tuesday, October 24th. The software giant reported $2.99 EPS for the quarter, topping the consensus estimate of $2.65 by $0.34. Microsoft had a net margin of 35.31% and a return on equity of 38.79%. The firm had revenue of $56.52 billion during the quarter, compared to analysts’ expectations of $54.52 billion. During the same period last year, the company posted $2.35 EPS. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, research analysts anticipate that Microsoft Co. will post 11.07 EPS for the current year.
Microsoft Increases Dividend
The firm 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 dividend of $0.75 per share. This is a boost 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 is Wednesday, November 15th. Microsoft’s dividend payout ratio (DPR) is 26.33%.
Microsoft 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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