Lighthouse Wealth Management Inc. boosted its holdings in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 4.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,337 shares of the software giant’s stock after buying an additional 91 shares during the period. Microsoft makes up about 1.0% of Lighthouse Wealth Management Inc.’s holdings, making the stock its 18th largest holding. Lighthouse Wealth Management Inc.’s holdings in Microsoft were worth $1,162,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Newton One Investments LLC grew its position in Microsoft by 66.7% in the first quarter. Newton One Investments LLC now owns 75 shares of the software giant’s stock worth $28,000 after acquiring an additional 30 shares in the last quarter. Ball & Co Wealth Management Inc. bought a new stake in Microsoft during the fourth quarter worth about $31,000. Bulwark Capital Corp purchased a new position in shares of Microsoft in the 2nd quarter worth about $32,000. LSV Asset Management bought a new position in shares of Microsoft during the 4th quarter valued at about $44,000. Finally, IFS Advisors LLC raised its holdings in shares of 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 buying an additional 50 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.
Microsoft Stock Up 0.3%
Shares of NASDAQ MSFT opened at $519.71 on Thursday. The firm’s fifty day moving average is $512.66 and its 200 day moving average is $464.83. 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 has a market cap of $3.86 trillion, a price-to-earnings ratio of 38.10, a PEG ratio of 2.26 and a beta of 1.03.
Microsoft Increases Dividend
The firm also recently declared 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. This represents a $3.64 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, November 20th. This is a positive change from Microsoft’s previous quarterly dividend of $0.83. Microsoft’s dividend payout ratio is currently 24.34%.
Insider Buying and Selling
In related news, CEO Satya Nadella sold 149,205 shares of the company’s stock in a transaction that occurred 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 $399,206,272.56. This represents a 15.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Takeshi Numoto sold 4,850 shares of the firm’s 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 completion of the sale, the executive vice president directly 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. Corporate insiders own 0.03% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. DA Davidson upped their target price on Microsoft from $600.00 to $650.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Westpark Capital restated a “hold” rating on shares of Microsoft in a report on Thursday, July 31st. Morgan Stanley upped their price objective on shares of Microsoft from $582.00 to $625.00 and gave the company an “overweight” rating in a research note on Friday, September 26th. Sanford C. Bernstein increased their target price on shares of Microsoft from $540.00 to $637.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $650.00 target price (up previously from $600.00) on shares of Microsoft in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $617.63.
Get Our Latest Stock Analysis on MSFT
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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