LongView Wealth Management lowered its stake in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 7.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,152 shares of the software giant’s stock after selling 772 shares during the quarter. Microsoft makes up approximately 1.4% of LongView Wealth Management’s holdings, making the stock its 18th biggest holding. LongView Wealth Management’s holdings in Microsoft were worth $4,552,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Bell Bank grew its holdings in Microsoft by 2.5% during the 2nd quarter. Bell Bank now owns 38,472 shares of the software giant’s stock worth $19,136,000 after acquiring an additional 937 shares during the last quarter. Perpetual Ltd grew its holdings in Microsoft by 8.5% during the 2nd quarter. Perpetual Ltd now owns 464,765 shares of the software giant’s stock worth $231,179,000 after acquiring an additional 36,412 shares during the last quarter. International Private Wealth Advisors LLC grew its holdings in Microsoft by 6.4% during the 2nd quarter. International Private Wealth Advisors LLC now owns 5,756 shares of the software giant’s stock worth $2,863,000 after acquiring an additional 347 shares during the last quarter. Luts & Greenleigh Group Inc. grew its holdings in Microsoft by 1.2% during the 2nd quarter. Luts & Greenleigh Group Inc. now owns 10,902 shares of the software giant’s stock worth $5,423,000 after acquiring an additional 126 shares during the last quarter. Finally, Kapstone Financial Advisors LLC grew its holdings in Microsoft by 5.5% during the 2nd quarter. Kapstone Financial Advisors LLC now owns 10,443 shares of the software giant’s stock worth $5,195,000 after acquiring an additional 544 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.
Microsoft Stock Performance
Shares of NASDAQ:MSFT opened at $511.46 on Monday. The company has a market capitalization of $3.80 trillion, a price-to-earnings ratio of 37.50, a P/E/G ratio of 2.23 and a beta of 1.04. The firm’s 50 day simple moving average is $512.03 and its 200 day simple moving average is $463.19. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $555.45.
Microsoft Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be given a $0.91 dividend. The ex-dividend date is Thursday, November 20th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.7%. This is a positive change from Microsoft’s previous quarterly dividend of $0.83. Microsoft’s dividend payout ratio is 24.34%.
Analysts Set New Price Targets
MSFT has been the topic of a number of research reports. Truist Financial upped their target price on shares of Microsoft from $650.00 to $675.00 and gave the company a “buy” rating in a research report on Monday, August 18th. DA Davidson upped their target price on shares of Microsoft from $600.00 to $650.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Morgan Stanley upped their target price on shares of Microsoft from $582.00 to $625.00 and gave the company an “overweight” rating in a research report on Friday. Royal Bank Of Canada upped their target price on shares of Microsoft from $525.00 to $640.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Finally, Melius Research upped their target price on shares of Microsoft from $595.00 to $625.00 in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $614.45.
Read Our Latest Stock Analysis on MSFT
Insider Transactions at Microsoft
In other Microsoft news, CEO Satya Nadella sold 149,205 shares of the firm’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 transaction of $75,315,699.90. Following the sale, the chief executive officer directly owned 790,852 shares in the company, valued at approximately $399,206,272.56. This trade represents a 15.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Takeshi Numoto sold 4,850 shares of the firm’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 transaction of $2,557,502.00. Following the sale, the executive vice president owned 39,111 shares in the company, valued at $20,624,012.52. This trade represents a 11.03% decrease in their ownership of the stock. 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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