Chico Wealth RIA boosted its position in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 6.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,209 shares of the software giant’s stock after buying an additional 126 shares during the quarter. Microsoft makes up 0.9% of Chico Wealth RIA’s holdings, making the stock its 9th biggest position. Chico Wealth RIA’s holdings in Microsoft were worth $1,099,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. PMV Capital Advisers LLC raised its position in Microsoft by 5.9% during the second quarter. PMV Capital Advisers LLC now owns 359 shares of the software giant’s stock worth $178,000 after acquiring an additional 20 shares during the period. Guided Capital Wealth Management LLC grew its position in shares of Microsoft by 0.4% in the second quarter. Guided Capital Wealth Management LLC now owns 5,405 shares of the software giant’s stock valued at $2,688,000 after purchasing an additional 21 shares during the period. Fosun International Ltd increased its stake in shares of Microsoft by 0.3% during the first quarter. Fosun International Ltd now owns 6,633 shares of the software giant’s stock worth $2,490,000 after purchasing an additional 23 shares in the last quarter. Birchbrook Inc. raised its position in shares of Microsoft by 0.4% during the 1st quarter. Birchbrook Inc. now owns 6,326 shares of the software giant’s stock worth $2,375,000 after purchasing an additional 23 shares during the last quarter. Finally, Gagnon Securities LLC lifted its stake in Microsoft by 3.5% in the 1st quarter. Gagnon Securities LLC now owns 704 shares of the software giant’s stock valued at $264,000 after buying an additional 24 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.
Microsoft Stock Up 0.3%
MSFT stock opened at $519.71 on Thursday. Microsoft Corporation has a one year low of $344.79 and a one year high of $555.45. The firm has a market cap of $3.86 trillion, a PE ratio of 38.10, a PEG ratio of 2.26 and a beta of 1.03. The firm’s 50 day moving average price is $512.66 and its 200-day moving average price is $464.83. 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 Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be issued a $0.91 dividend. This is an increase from Microsoft’s previous quarterly dividend of $0.83. The ex-dividend date is Thursday, November 20th. This represents a $3.64 annualized dividend and a yield of 0.7%. Microsoft’s payout ratio is presently 24.34%.
Insider Transactions at Microsoft
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 value of $75,315,699.90. Following the transaction, the chief executive officer owned 790,852 shares of the company’s stock, valued at $399,206,272.56. This represents a 15.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Takeshi Numoto sold 4,850 shares of Microsoft stock in a transaction dated Tuesday, August 12th. The shares were 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 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 disclosure for this sale can be found here. Corporate insiders own 0.03% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on MSFT shares. Citigroup boosted their price objective on Microsoft from $605.00 to $613.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. KeyCorp upgraded Microsoft from a “sector weight” rating to an “overweight” rating and set a $630.00 price target for the company in a research report on Thursday, July 31st. DA Davidson raised their price objective on Microsoft from $600.00 to $650.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Sanford C. Bernstein upped their target price on shares of Microsoft from $540.00 to $637.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Finally, Cantor Fitzgerald raised their price target on shares of Microsoft from $581.00 to $639.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $617.63.
Read Our Latest Stock Report on MSFT
Microsoft Company 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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