McGlone Suttner Wealth Management Inc. lifted its position in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 0.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,969 shares of the software giant’s stock after purchasing an additional 55 shares during the period. Microsoft accounts for approximately 1.1% of McGlone Suttner Wealth Management Inc.’s investment portfolio, making the stock its 14th biggest holding. McGlone Suttner Wealth Management Inc.’s holdings in Microsoft were worth $4,757,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Monumental Financial Group Inc. purchased a new stake in shares of Microsoft during the 1st quarter valued at $28,000. Gleason Group Inc. boosted its stake in shares of Microsoft by 111.7% during the 1st quarter. Gleason Group Inc. now owns 199 shares of the software giant’s stock valued at $57,000 after purchasing an additional 105 shares in the last quarter. Syverson Strege & Co lifted its stake in shares of Microsoft by 157.0% in the first quarter. Syverson Strege & Co now owns 203 shares of the software giant’s stock worth $58,000 after buying an additional 124 shares in the last quarter. Carolina Wealth Advisors LLC boosted its stake in Microsoft by 39.0% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 303 shares of the software giant’s stock valued at $103,000 after purchasing an additional 85 shares during the last quarter. Finally, Alapocas Investment Partners Inc. purchased a new stake in Microsoft during the 1st quarter valued at $97,000. Institutional investors and hedge funds own 69.20% of the company’s stock.
Microsoft Price Performance
MSFT stock opened at $338.11 on Wednesday. The company has a quick ratio of 1.64, a current ratio of 1.66 and a debt-to-equity ratio of 0.19. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $366.78. The stock’s 50 day moving average is $326.98 and its two-hundred day moving average is $325.31. The company has a market capitalization of $2.51 trillion, a PE ratio of 32.73, a P/E/G ratio of 2.20 and a beta of 0.91.
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 given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Wednesday, November 15th. This is a positive change from Microsoft’s previous quarterly dividend of $0.68. Microsoft’s payout ratio is 26.33%.
Insiders Place Their Bets
In other Microsoft news, CEO Satya Nadella sold 38,234 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $328.43, for a total transaction of $12,557,192.62. Following the completion of the transaction, the chief executive officer now owns 800,668 shares in the company, valued at approximately $262,963,391.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Satya Nadella sold 38,234 shares of Microsoft stock in a transaction that occurred 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 transaction, the chief executive officer now owns 800,668 shares of the company’s stock, valued at approximately $262,963,391.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kathleen T. Hogan sold 26,815 shares of Microsoft stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $327.37, for a total transaction of $8,778,426.55. Following the completion of the transaction, the executive vice president now directly owns 198,373 shares in the company, valued at approximately $64,941,369.01. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of research firms have commented on MSFT. Royal Bank of Canada reissued an “outperform” rating and set a $390.00 price target on shares of Microsoft in a report on Wednesday, October 25th. Loop Capital initiated coverage on Microsoft in a research report on Tuesday, October 17th. They set a “buy” rating and a $425.00 price objective on the stock. Argus raised their price objective on Microsoft from $371.00 to $390.00 and gave the company a “buy” rating in a research report on Monday, July 31st. Fundamental Research set a $298.10 price objective on Microsoft and gave the company a “hold” rating in a research report on Wednesday, August 9th. Finally, Mizuho raised their price objective on Microsoft from $360.00 to $390.00 and gave the company a “buy” rating in a research report on Monday, July 17th. Four research analysts have rated the stock with a hold rating and thirty-five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $384.34.
View Our Latest Research Report on Microsoft
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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