FSB Premier Wealth Management Inc. raised its stake in Microsoft Co. (NASDAQ:MSFT – Free Report) by 6.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,306 shares of the software giant’s stock after purchasing an additional 474 shares during the period. Microsoft accounts for 1.4% of FSB Premier Wealth Management Inc.’s holdings, making the stock its 14th biggest holding. FSB Premier Wealth Management Inc.’s holdings in Microsoft were worth $3,501,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Microsoft by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant’s stock valued at $288,336,224,000 after purchasing an additional 10,431,988 shares in the last quarter. Geode Capital Management LLC increased its stake in Microsoft by 2.0% in the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock valued at $70,790,682,000 after purchasing an additional 3,264,648 shares in the last quarter. Norges Bank bought a new stake in Microsoft in the fourth quarter valued at $44,343,058,000. Charles Schwab Investment Management Inc. increased its stake in Microsoft by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 49,052,704 shares of the software giant’s stock valued at $20,675,715,000 after purchasing an additional 1,823,579 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in Microsoft by 1.1% in the third quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant’s stock valued at $16,104,959,000 after purchasing an additional 406,940 shares in the last quarter. 71.13% of the stock is owned by institutional investors.
Microsoft Stock Up 0.6%
Microsoft stock opened at $470.38 on Friday. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $473.34. The firm has a 50 day moving average price of $417.20 and a 200-day moving average price of $416.68. The company has a market capitalization of $3.50 trillion, a P/E ratio of 37.87, a P/E/G ratio of 2.21 and a beta of 1.03. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.
Microsoft Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio (DPR) is presently 25.66%.
Insider Buying and Selling
In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of the firm’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the transaction, the insider now directly owns 471,036 shares of the company’s stock, valued at $204,038,664.12. This trade represents a 1.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Amy Coleman sold 13,243 shares of the firm’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the completion of the transaction, the executive vice president now directly owns 43,100 shares of the company’s stock, valued at approximately $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,743 shares of company stock valued at $60,224,683. Company insiders own 0.03% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently commented on MSFT shares. Piper Sandler reissued an “overweight” rating on shares of Microsoft in a research report on Wednesday, May 21st. Needham & Company LLC reissued a “buy” rating on shares of Microsoft in a research report on Thursday, May 1st. Wedbush reissued an “outperform” rating on shares of Microsoft in a research report on Wednesday, May 21st. Citigroup boosted their target price on shares of Microsoft from $480.00 to $540.00 and gave the stock a “buy” rating in a research report on Thursday, May 15th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Microsoft in a research report on Wednesday. Four analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $513.13.
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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