BigSur Wealth Management LLC raised its stake in Microsoft Corporation (NASDAQ:MSFT – Free Report) by 14.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,972 shares of the software giant’s stock after acquiring an additional 1,002 shares during the period. BigSur Wealth Management LLC’s holdings in Microsoft were worth $2,993,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Adamsbrown Wealth Consultants LLC lifted its holdings in shares of Microsoft by 2.2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock valued at $2,515,000 after purchasing an additional 130 shares in the last quarter. Mcdaniel Terry & Co. lifted its holdings in shares of Microsoft by 6.1% in the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock valued at $133,023,000 after purchasing an additional 18,052 shares in the last quarter. 1900 Wealth Management LLC lifted its holdings in shares of Microsoft by 3.0% in the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant’s stock valued at $4,274,000 after purchasing an additional 294 shares in the last quarter. Strategic Financial Services Inc. lifted its holdings in shares of Microsoft by 7.8% in the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant’s stock valued at $7,345,000 after purchasing an additional 1,268 shares in the last quarter. Finally, Elevate Wealth Advisory Inc. lifted its holdings in shares of Microsoft by 147.9% in the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant’s stock valued at $737,000 after purchasing an additional 1,043 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.
Microsoft Stock Performance
MSFT opened at $505.62 on Thursday. The company has a market capitalization of $3.76 trillion, a price-to-earnings ratio of 39.07, a P/E/G ratio of 2.30 and a beta of 1.04. The business’s 50-day moving average price is $474.88 and its two-hundred day moving average price is $427.28. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $508.30.
Microsoft Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Thursday, August 21st. Microsoft’s payout ratio is currently 25.66%.
Insider Buying and Selling at Microsoft
In related news, insider Bradford L. Smith sold 75,000 shares of Microsoft stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the completion of the transaction, the insider owned 476,999 shares in the company, valued at approximately $207,995,413.95. This trade represents a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the sale, the executive vice president owned 134,888 shares of the company’s stock, valued at $61,208,127.76. This trade represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock valued at $60,224,683 in the last three months. Corporate insiders own 0.03% of the company’s stock.
Wall Street Analyst Weigh In
MSFT has been the subject of a number of research analyst reports. Citigroup increased their target price on Microsoft from $540.00 to $605.00 and gave the company a “buy” rating in a report on Wednesday, June 11th. The Goldman Sachs Group increased their price objective on Microsoft from $480.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, May 21st. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a report on Thursday, May 1st. Wells Fargo & Company increased their price objective on Microsoft from $565.00 to $585.00 and gave the stock an “overweight” rating in a report on Wednesday, June 25th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $530.00 price objective (up from $482.00) on shares of Microsoft in a report on Thursday, June 26th. Four analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $538.04.
Read Our Latest Research Report on MSFT
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.
Featured Stories
- Five stocks we like better than Microsoft
- NYSE Stocks Give Investors a Variety of Quality Options
- 3 Stocks to Cushion Your Portfolio This Earnings Season
- What Are Dividends? Buy the Best Dividend Stocks
- This Fund Manager Says You Should Get Out of Tesla and Apple—Now
- Stock Dividend Cuts Happen Are You Ready?
- JNJ’s Stock Price Is Back in Rally Mode—The Time to Buy Is Now
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFT – Free Report).
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.