Microsoft Co. (NASDAQ:MSFT) Shares Acquired by True Link Financial Advisors LLC

True Link Financial Advisors LLC increased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 7.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,238 shares of the software giant’s stock after purchasing an additional 211 shares during the period. Microsoft accounts for approximately 0.1% of True Link Financial Advisors LLC’s investment portfolio, making the stock its 21st biggest position. True Link Financial Advisors LLC’s holdings in Microsoft were worth $1,447,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Microsoft by 0.5% during the first quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant’s stock worth $281,035,506,000 after buying an additional 3,078,099 shares in the last quarter. Norges Bank acquired a new position in Microsoft during the fourth quarter worth about $35,920,047,000. Capital International Investors grew its stake in Microsoft by 1.0% during the 1st quarter. Capital International Investors now owns 83,571,070 shares of the software giant’s stock valued at $35,160,020,000 after acquiring an additional 842,884 shares in the last quarter. Jennison Associates LLC raised its holdings in Microsoft by 1.1% in the 4th quarter. Jennison Associates LLC now owns 25,505,600 shares of the software giant’s stock valued at $9,591,126,000 after acquiring an additional 277,881 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in Microsoft by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 25,381,692 shares of the software giant’s stock worth $9,544,532,000 after purchasing an additional 403,409 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company upped their price target on Microsoft from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Bank of America raised their target price on Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. UBS Group lowered their price target on shares of Microsoft from $520.00 to $510.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. TD Cowen raised their price objective on shares of Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, Tigress Financial boosted their target price on shares of Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, June 13th. Two equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. According to MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus target price of $494.72.

Microsoft Trading Down 1.8 %

MSFT opened at $409.44 on Wednesday. The business has a fifty day moving average price of $430.25 and a 200 day moving average price of $423.01. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $468.35. The stock has a market capitalization of $3.04 trillion, a price-to-earnings ratio of 35.45, a PEG ratio of 2.11 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. The business had revenue of $64.73 billion during the quarter, compared to the consensus estimate of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.69 earnings per share. Sell-side analysts expect that Microsoft Co. will post 13.04 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.73%. Microsoft’s payout ratio is 25.97%.

Insider Transactions at Microsoft

In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total value of $6,009,869.18. Following the sale, the chief executive officer now directly owns 786,933 shares in the company, valued at $328,473,703.53. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.03% of the company’s stock.

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.