Keyes Stange & Wooten Wealth Management LLC lessened its position in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 1.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,520 shares of the software giant’s stock after selling 55 shares during the period. Microsoft makes up about 1.0% of Keyes Stange & Wooten Wealth Management LLC’s portfolio, making the stock its 14th largest holding. Keyes Stange & Wooten Wealth Management LLC’s holdings in Microsoft were worth $1,697,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Fosun International Ltd lifted its stake in shares of Microsoft by 0.3% in the first quarter. Fosun International Ltd now owns 6,633 shares of the software giant’s stock valued at $2,490,000 after buying an additional 23 shares in the last quarter. Alliance Wealth Management Group lifted its position in shares of Microsoft by 0.4% during the fourth quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant’s stock valued at $2,368,000 after purchasing an additional 25 shares in the last quarter. Guidance Point Advisors LLC increased its holdings 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 buying an additional 25 shares during the last quarter. Life Planning Partners Inc increased its holdings in Microsoft by 5.1% during the fourth quarter. Life Planning Partners Inc now owns 540 shares of the software giant’s stock worth $228,000 after buying an additional 26 shares during the last quarter. Finally, Core Wealth Advisors Inc. increased its holdings in Microsoft by 1.5% during the fourth quarter. Core Wealth Advisors Inc. now owns 1,856 shares of the software giant’s stock worth $782,000 after buying an additional 27 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.
Microsoft Price Performance
MSFT opened at $506.69 on Monday. The firm has a 50-day moving average price of $508.77 and a 200-day moving average price of $447.85. 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 twelve month low of $344.79 and a twelve month high of $555.45. The company has a market capitalization of $3.77 trillion, a price-to-earnings ratio of 37.15, a PEG ratio of 2.21 and a beta of 1.04.
Microsoft Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, August 21st. Microsoft’s dividend payout ratio (DPR) is 24.34%.
Insider Activity at Microsoft
In other news, EVP Takeshi Numoto sold 4,850 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $527.32, for a total value of $2,557,502.00. Following the completion of the transaction, the executive vice president directly owned 39,111 shares in the company, valued at approximately $20,624,012.52. This trade represents a 11.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.03% of the company’s stock.
Analyst Ratings Changes
A number of analysts recently issued reports on MSFT shares. Wedbush raised their price objective on shares of Microsoft from $600.00 to $625.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. The Goldman Sachs Group raised their price objective on shares of Microsoft from $480.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, May 21st. Oppenheimer raised their price objective on shares of Microsoft from $600.00 to $630.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Truist Financial lifted their target price on shares of Microsoft from $650.00 to $675.00 and gave the stock a “buy” rating in a research note on Monday, August 18th. Finally, UBS Group reiterated a “buy” rating and issued a $650.00 target price (up previously from $600.00) on shares of Microsoft in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and an average target price of $612.54.
Check Out Our Latest Analysis on MSFT
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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