Main Line Retirement Advisors LLC increased its position in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,773 shares of the software giant’s stock after buying an additional 46 shares during the period. Microsoft comprises approximately 0.8% of Main Line Retirement Advisors LLC’s holdings, making the stock its 17th biggest holding. Main Line Retirement Advisors LLC’s holdings in Microsoft were worth $1,379,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Newton One Investments LLC raised its holdings in Microsoft by 66.7% in the first 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. Ball & Co Wealth Management Inc. bought a new stake in shares of Microsoft in the 4th quarter worth about $31,000. Bulwark Capital Corp acquired a new stake in shares of Microsoft in the 2nd quarter valued at about $32,000. LSV Asset Management bought a new position in shares of Microsoft during the fourth quarter worth about $44,000. Finally, IFS Advisors LLC grew its stake in Microsoft by 50.0% in the first quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock worth $57,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.
Microsoft Stock Up 0.3%
Microsoft stock opened at $519.71 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.35 and a current ratio of 1.35. Microsoft Corporation has a one year low of $344.79 and a one year high of $555.45. The company has a 50-day simple moving average of $512.66 and a 200-day simple moving average of $464.83. The firm has a market capitalization of $3.86 trillion, a P/E ratio of 38.10, a P/E/G ratio of 2.26 and a beta of 1.03.
Microsoft Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, November 20th. This is an increase from Microsoft’s previous quarterly dividend of $0.83. Microsoft’s dividend payout ratio (DPR) is presently 24.34%.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on MSFT. Westpark Capital restated a “hold” rating on shares of Microsoft in a research note on Thursday, July 31st. Loop Capital boosted their price target on Microsoft from $550.00 to $600.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Scotiabank raised their price objective on Microsoft from $500.00 to $650.00 and gave the stock a “sector outperform” rating in a research note on Thursday, July 31st. Cantor Fitzgerald boosted their target price on shares of Microsoft from $581.00 to $639.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Finally, Mizuho increased their target price on shares of Microsoft from $540.00 to $625.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $617.63.
Check Out Our Latest Stock Report on MSFT
Insiders Place Their Bets
In other news, 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 completion of the transaction, the executive vice president owned 39,111 shares of the company’s stock, valued at approximately $20,624,012.52. This represents a 11.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Satya Nadella sold 149,205 shares of the firm’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. The trade was a 15.87% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.03% of the company’s stock.
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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