MassMutual Private Wealth & Trust FSB boosted its stake in Microsoft Corporation (NASDAQ:MSFT – Free Report) by 0.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 390,270 shares of the software giant’s stock after purchasing an additional 2,616 shares during the period. Microsoft comprises approximately 5.2% of MassMutual Private Wealth & Trust FSB’s portfolio, making the stock its largest position. MassMutual Private Wealth & Trust FSB’s holdings in Microsoft were worth $194,124,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Microsoft in the fourth quarter worth $44,343,058,000. Nuveen LLC acquired a new position in shares of Microsoft in the first quarter worth $18,733,827,000. GAMMA Investing LLC grew its stake in shares of Microsoft by 40,290.4% in the first quarter. GAMMA Investing LLC now owns 46,695,303 shares of the software giant’s stock worth $17,528,950,000 after acquiring an additional 46,579,693 shares in the last quarter. Northern Trust Corp grew its stake in shares of Microsoft by 16.1% in the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant’s stock worth $35,316,535,000 after acquiring an additional 11,600,470 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Microsoft by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant’s stock worth $288,336,224,000 after acquiring an additional 10,431,988 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.
Microsoft Trading Up 1.9%
Shares of Microsoft stock opened at $517.93 on Monday. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $555.45. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.12. The company’s 50-day simple moving average is $511.71 and its 200-day simple moving average is $458.74. The firm has a market cap of $3.85 trillion, a price-to-earnings ratio of 37.97, a price-to-earnings-growth ratio of 2.26 and a beta of 1.04.
Microsoft Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be given a dividend of $0.91 per share. The ex-dividend date is Thursday, November 20th. This is an increase from Microsoft’s previous quarterly dividend of $0.83. This represents a $3.64 annualized dividend and a yield of 0.7%. Microsoft’s dividend payout ratio (DPR) is currently 24.34%.
Insider Activity
In other Microsoft news, CEO Satya Nadella sold 149,205 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $504.78, for a total transaction of $75,315,699.90. Following the transaction, the chief executive officer directly owned 790,852 shares in the company, valued at approximately $399,206,272.56. This represents a 15.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Takeshi Numoto sold 4,850 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $527.32, for a total transaction of $2,557,502.00. Following the transaction, the executive vice president owned 39,111 shares in the company, valued at $20,624,012.52. The trade was a 11.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.03% of the company’s stock.
Analyst Ratings Changes
MSFT has been the subject of several research reports. Evercore ISI boosted their price target on shares of Microsoft from $515.00 to $545.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Oppenheimer lifted their price objective on shares of Microsoft from $600.00 to $630.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Westpark Capital reaffirmed a “hold” rating on shares of Microsoft in a research report on Thursday, July 31st. Wedbush lifted their price objective on shares of Microsoft from $600.00 to $625.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Finally, Sanford C. Bernstein lifted their price objective on shares of Microsoft from $540.00 to $637.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $612.54.
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.
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