Klingman & Associates LLC Purchases 1,831 Shares of Microsoft Co. (NASDAQ:MSFT)

Klingman & Associates LLC grew its position in Microsoft Co. (NASDAQ:MSFT) by 6.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,505 shares of the software giant’s stock after acquiring an additional 1,831 shares during the quarter. Klingman & Associates LLC’s holdings in Microsoft were worth $9,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Microsoft by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock valued at $147,714,197,000 after purchasing an additional 6,129,708 shares during the last quarter. State Street Corp boosted its holdings in Microsoft by 0.7% during the 3rd quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock valued at $68,824,173,000 after acquiring an additional 1,951,554 shares during the period. FMR LLC boosted its holdings in Microsoft by 0.8% during the 1st quarter. FMR LLC now owns 200,523,373 shares of the software giant’s stock valued at $57,810,889,000 after acquiring an additional 1,537,712 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Microsoft by 0.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock valued at $50,302,677,000 after acquiring an additional 556,020 shares during the period. Finally, Moneta Group Investment Advisors LLC boosted its holdings in Microsoft by 112,158.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock valued at $36,017,948,000 after acquiring an additional 150,053,637 shares during the period. Institutional investors own 69.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on MSFT. Guggenheim upgraded Microsoft from a “sell” rating to a “neutral” rating in a report on Monday, September 25th. Wedbush restated an “outperform” rating and set a $400.00 price objective on shares of Microsoft in a report on Wednesday, October 25th. Sanford C. Bernstein upped their target price on Microsoft from $398.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, September 20th. TD Cowen upped their target price on Microsoft from $330.00 to $390.00 and gave the stock an “outperform” rating in a report on Wednesday, July 19th. Finally, Mizuho upped their target price on Microsoft from $360.00 to $390.00 and gave the stock a “buy” rating in a report on Monday, July 17th. Four research analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $384.34.

Insiders Place Their Bets

In other Microsoft news, CEO Satya Nadella sold 38,234 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 800,668 shares in the company, valued at $262,963,391.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Microsoft news, CEO Satya Nadella sold 38,234 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 800,668 shares in the company, valued at $262,963,391.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kathleen T. Hogan sold 26,815 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now 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 company insiders.

Microsoft Stock Down 0.8 %

Microsoft stock opened at $366.68 on Tuesday. The firm has a market cap of $2.73 trillion, a price-to-earnings ratio of 35.50, a price-to-earnings-growth ratio of 2.46 and a beta of 0.88. Microsoft Co. has a 52 week low of $219.35 and a 52 week high of $370.10. The business’s 50-day moving average price is $333.07 and its 200 day moving average price is $330.11. 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 (NASDAQ:MSFT) 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. The firm had revenue of $56.52 billion for the quarter, compared to analyst estimates of $54.52 billion. Microsoft had a return on equity of 38.79% and a net margin of 35.31%. Microsoft’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period last year, the company earned $2.35 earnings per share. As a group, sell-side analysts anticipate that Microsoft Co. will post 11.13 earnings per share for the current year.

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. The ex-dividend date is Wednesday, November 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.82%. This is an increase from Microsoft’s previous quarterly dividend of $0.68. Microsoft’s dividend payout ratio is currently 26.33%.

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.