Aviance Capital Partners LLC increased its position in Microsoft Corporation (NASDAQ:MSFT – Free Report) by 1.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,718 shares of the software giant’s stock after buying an additional 488 shares during the quarter. Microsoft comprises about 2.1% of Aviance Capital Partners LLC’s investment portfolio, making the stock its 8th biggest position. Aviance Capital Partners LLC’s holdings in Microsoft were worth $14,910,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in MSFT. WFA Asset Management Corp grew its stake in Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after purchasing an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. boosted its stake in Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after acquiring an additional 38 shares during the period. Discipline Wealth Solutions LLC boosted its stake in Microsoft by 410.4% in the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock valued at $1,144,000 after acquiring an additional 2,138 shares during the period. Wealth Group Ltd. boosted its stake in Microsoft by 1.2% in the fourth quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant’s stock valued at $1,000,000 after acquiring an additional 28 shares during the period. Finally, Tallon Kerry Patrick acquired a new position in Microsoft in the fourth quarter valued at approximately $1,375,000. 71.13% of the stock is owned by hedge funds and other institutional investors.
Microsoft Price Performance
Shares of NASDAQ:MSFT opened at $509.77 on Wednesday. The company’s fifty day moving average is $504.26 and its two-hundred day moving average is $442.37. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $555.45. The company has a market cap of $3.79 trillion, a P/E ratio of 37.37, a price-to-earnings-growth ratio of 2.26 and a beta of 1.06.
Microsoft Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, August 21st. Microsoft’s payout ratio is currently 24.34%.
Insider Activity at Microsoft
In other news, EVP Takeshi Numoto sold 4,850 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $527.32, for a total transaction of $2,557,502.00. Following the transaction, the executive vice president directly owned 39,111 shares in the company, valued at $20,624,012.52. The trade was a 11.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders have sold 8,850 shares of company stock worth $4,406,512. Insiders own 0.03% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on MSFT. Wedbush boosted their price objective on Microsoft from $600.00 to $625.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Bank of America boosted their price objective on Microsoft from $585.00 to $640.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. KeyCorp upgraded Microsoft from a “sector weight” rating to an “overweight” rating and set a $630.00 price objective for the company in a research report on Thursday, July 31st. UBS Group reiterated a “buy” rating and set a $650.00 price objective (up from $600.00) on shares of Microsoft in a research report on Thursday, July 31st. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $650.00 target price (up previously from $600.00) on shares of Microsoft in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $612.54.
Read Our Latest Analysis on Microsoft
Microsoft 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.
Recommended Stories
- Five stocks we like better than Microsoft
- How to start investing in penny stocks
- Buffett’s Cash Hoard Signals Market Caution, Value Plays Emerge
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- DLocal Stock Soars 43% After Earnings Beat and Raised Guidance
- What is a Special Dividend?
- Can AI Defense Contracts Push Palantir Shares Higher?
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.