Wood Tarver Financial Group LLC grew its position in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 1.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,237 shares of the software giant’s stock after purchasing an additional 80 shares during the period. Microsoft accounts for about 0.8% of Wood Tarver Financial Group LLC’s investment portfolio, making the stock its 20th largest position. Wood Tarver Financial Group LLC’s holdings in Microsoft were worth $2,341,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of MSFT. Fosun International Ltd increased its holdings in shares of Microsoft by 0.3% in the 1st quarter. Fosun International Ltd now owns 6,633 shares of the software giant’s stock valued at $2,490,000 after purchasing an additional 23 shares during the period. Alliance Wealth Management Group grew its stake in shares of Microsoft by 0.4% in the 4th quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant’s stock valued at $2,368,000 after buying an additional 25 shares in the last quarter. Guidance Point Advisors LLC boosted its position in Microsoft by 0.6% during the fourth quarter. Guidance Point Advisors LLC now owns 4,294 shares of the software giant’s stock worth $1,811,000 after purchasing an additional 25 shares during the period. Hudson Edge Investment Partners Inc. boosted its position in Microsoft by 5.1% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 533 shares of the software giant’s stock worth $225,000 after purchasing an additional 26 shares during the period. Finally, Life Planning Partners Inc boosted its position in shares of Microsoft by 5.1% in the fourth quarter. Life Planning Partners Inc now owns 540 shares of the software giant’s stock valued at $228,000 after acquiring an additional 26 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.
Microsoft Trading Up 0.6%
NASDAQ MSFT opened at $507.23 on Friday. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $555.45. The stock has a market capitalization of $3.77 trillion, a price-to-earnings ratio of 37.19, a PEG ratio of 2.20 and a beta of 1.06. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.35 and a current ratio of 1.35. The stock’s 50 day moving average price is $506.08 and its two-hundred day moving average price is $444.11.
Microsoft Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft’s dividend payout ratio is currently 24.34%.
Insider Buying and Selling
In other Microsoft news, EVP Takeshi Numoto sold 4,850 shares of the company’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $527.32, for a total value of $2,557,502.00. Following the transaction, the executive vice president directly owned 39,111 shares of the company’s stock, valued at $20,624,012.52. This represents a 11.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders sold 8,850 shares of company stock valued at $4,406,512. Corporate insiders own 0.03% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently commented on MSFT. The Goldman Sachs Group upped their target price on Microsoft from $480.00 to $550.00 and gave the company a “buy” rating in a research note on Wednesday, May 21st. Benchmark reiterated a “buy” rating on shares of Microsoft in a research note on Thursday, May 1st. UBS Group restated a “buy” rating and issued a $650.00 target price (up from $600.00) on shares of Microsoft in a research note on Thursday, July 31st. Truist Financial raised their price target on Microsoft from $650.00 to $675.00 and gave the company a “buy” rating in a report on Monday. Finally, Citigroup raised their price target on Microsoft from $605.00 to $613.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. One investment 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $612.54.
View Our Latest Stock Report on Microsoft
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.
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