Meredith Wealth Planning reduced its position in Microsoft Corporation (NASDAQ:MSFT – Free Report) by 2.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,399 shares of the software giant’s stock after selling 64 shares during the quarter. Meredith Wealth Planning’s holdings in Microsoft were worth $901,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Microsoft in the fourth quarter valued at $44,343,058,000. GAMMA Investing LLC grew its position in shares of Microsoft by 40,290.4% during the 1st quarter. GAMMA Investing LLC now owns 46,695,303 shares of the software giant’s stock worth $17,528,950,000 after buying an additional 46,579,693 shares during the period. Northern Trust Corp lifted its holdings in shares of Microsoft by 16.1% during the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant’s stock valued at $35,316,535,000 after purchasing an additional 11,600,470 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Microsoft by 1.5% during the 4th 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. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Microsoft during the 4th quarter valued at about $3,035,987,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.
Microsoft Trading Up 0.5%
NASDAQ MSFT opened at $507.97 on Friday. The firm has a market capitalization of $3.78 trillion, a P/E ratio of 37.24, a PEG ratio of 2.21 and a beta of 1.04. The business has a fifty day simple moving average of $509.95 and a 200 day simple moving average of $450.01. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $555.45. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.12.
Microsoft Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders 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 yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft’s dividend payout ratio (DPR) is currently 24.34%.
Wall Street Analyst Weigh In
MSFT has been the topic of several research reports. KeyCorp upgraded Microsoft from a “sector weight” rating to an “overweight” rating and set a $630.00 target price on the stock in a research note on Thursday, July 31st. Stifel Nicolaus upped their price objective on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a report on Monday, July 28th. Loop Capital boosted their price target on Microsoft from $550.00 to $600.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. UBS Group reaffirmed a “buy” rating and issued a $650.00 price objective (up from $600.00) on shares of Microsoft in a research note on Thursday, July 31st. Finally, Evercore ISI raised their price objective on Microsoft from $515.00 to $545.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $612.54.
View Our Latest Report on Microsoft
Insiders Place Their Bets
In other news, CEO Satya Nadella sold 149,205 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $504.78, for a total transaction of $75,315,699.90. Following the completion of the transaction, the chief executive officer owned 790,852 shares in the company, valued at approximately $399,206,272.56. This represents a 15.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Takeshi Numoto sold 4,850 shares of the 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 owned 39,111 shares of the company’s stock, valued at $20,624,012.52. The trade was a 11.03% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.
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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