HF Advisory Group LLC lifted its position in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 11.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,887 shares of the software giant’s stock after buying an additional 1,245 shares during the quarter. Microsoft comprises 2.4% of HF Advisory Group LLC’s holdings, making the stock its 2nd biggest position. HF Advisory Group LLC’s holdings in Microsoft were worth $5,115,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC increased its stake in Microsoft by 48,526.1% during the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock worth $16,567,258,000 after acquiring an additional 38,422,466 shares during the period. Ameriprise Financial Inc. increased its position in shares of Microsoft by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant’s stock worth $15,426,767,000 after purchasing an additional 97,075 shares during the period. Dimensional Fund Advisors LP raised its stake in Microsoft by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant’s stock valued at $10,768,771,000 after purchasing an additional 1,563,533 shares in the last quarter. Rhumbline Advisers lifted its position in Microsoft by 0.3% during the second quarter. Rhumbline Advisers now owns 14,738,956 shares of the software giant’s stock worth $6,587,576,000 after purchasing an additional 45,220 shares during the period. Finally, Swedbank AB grew its stake in Microsoft by 0.4% during the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant’s stock worth $5,890,530,000 after buying an additional 49,288 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.
Microsoft Trading Up 1.1 %
NASDAQ MSFT opened at $427.85 on Tuesday. The firm has a market capitalization of $3.18 trillion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 2.37 and a beta of 0.90. The business’s 50-day moving average price is $428.64 and its two-hundred day moving average price is $427.95. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. Microsoft Co. has a 12 month low of $369.01 and a 12 month high of $468.35.
Microsoft announced that its board has authorized a stock repurchase plan on Monday, September 16th that authorizes the company to repurchase $60.00 billion in shares. This repurchase authorization authorizes the software giant to buy up to 1.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
Microsoft Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio is presently 27.39%.
Insider Buying and Selling
In related news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the completion of the sale, the executive vice president now owns 117,294 shares of the company’s stock, valued at $48,911,598. This trade represents a 17.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total value of $414,720.00. Following the completion of the transaction, the chief marketing officer now directly owns 57,511 shares in the company, valued at approximately $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock valued at $17,383,892 over the last quarter. Insiders own 0.03% of the company’s stock.
Analyst Ratings Changes
Several brokerages have recently commented on MSFT. The Goldman Sachs Group dropped their target price on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Citigroup lowered their price objective on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Wedbush reaffirmed an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a report on Tuesday, November 19th. KeyCorp lifted their price target on Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, DA Davidson downgraded Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective for the company. in a research report on Monday, September 23rd. Two research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $511.62.
View Our Latest Stock Report on MSFT
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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