Dominguez Wealth Management Solutions Inc. boosted its stake in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 9.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,253 shares of the software giant’s stock after purchasing an additional 194 shares during the quarter. Microsoft makes up approximately 0.8% of Dominguez Wealth Management Solutions Inc.’s holdings, making the stock its 26th largest position. Dominguez Wealth Management Solutions Inc.’s holdings in Microsoft were worth $1,121,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ball & Co Wealth Management Inc. bought a new stake in Microsoft during the 4th quarter valued at $31,000. Newton One Investments LLC raised its stake in Microsoft by 66.7% during the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant’s stock valued at $28,000 after acquiring an additional 30 shares in the last quarter. LSV Asset Management bought a new stake in Microsoft during the 4th quarter valued at $44,000. IFS Advisors LLC raised its stake in Microsoft by 50.0% during the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock valued at $57,000 after acquiring an additional 50 shares in the last quarter. Finally, ROSS JOHNSON & Associates LLC raised its stake in Microsoft by 155.7% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 156 shares of the software giant’s stock valued at $59,000 after acquiring an additional 95 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.
Microsoft Price Performance
NASDAQ MSFT opened at $508.45 on Friday. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $555.45. 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 has a market capitalization of $3.78 trillion, a PE ratio of 37.28, a P/E/G ratio of 2.22 and a beta of 1.04. The stock has a 50-day simple moving average of $511.42 and a 200 day simple moving average of $457.02.
Microsoft Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be issued a $0.91 dividend. This is a positive change from Microsoft’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $3.64 annualized dividend and a yield of 0.7%. Microsoft’s payout ratio is currently 24.34%.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on MSFT. Evercore ISI lifted their target price on Microsoft from $515.00 to $545.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Wall Street Zen raised Microsoft from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Royal Bank Of Canada boosted their price objective on Microsoft from $525.00 to $640.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. UBS Group reissued a “buy” rating and issued a $650.00 price objective (up previously from $600.00) on shares of Microsoft in a research note on Thursday, July 31st. Finally, Mizuho boosted their price objective on Microsoft from $540.00 to $625.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $612.54.
Check Out Our Latest Analysis on MSFT
Insider Activity at Microsoft
In other Microsoft news, EVP Takeshi Numoto sold 4,850 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Satya Nadella sold 149,205 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $504.78, for a total value of $75,315,699.90. Following the completion of the transaction, the chief executive officer directly owned 790,852 shares of the company’s stock, valued at approximately $399,206,272.56. This trade represents a 15.87% decrease in their position. The disclosure for this sale can be found here. Corporate 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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