Chris Bulman Inc boosted its holdings in Microsoft Corporation (NASDAQ:MSFT – Free Report) by 8.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,928 shares of the software giant’s stock after acquiring an additional 233 shares during the period. Chris Bulman Inc’s holdings in Microsoft were worth $1,456,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. PMV Capital Advisers LLC grew its stake in shares of Microsoft by 5.9% in the second quarter. PMV Capital Advisers LLC now owns 359 shares of the software giant’s stock valued at $178,000 after buying an additional 20 shares in the last quarter. Guided Capital Wealth Management LLC grew its stake 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 buying an additional 21 shares in the last quarter. Fosun International Ltd grew its stake in shares of Microsoft by 0.3% in the first quarter. Fosun International Ltd now owns 6,633 shares of the software giant’s stock valued at $2,490,000 after buying an additional 23 shares in the last quarter. Birchbrook Inc. grew its stake in shares of Microsoft by 0.4% in the first quarter. Birchbrook Inc. now owns 6,326 shares of the software giant’s stock valued at $2,375,000 after buying an additional 23 shares in the last quarter. Finally, Gagnon Securities LLC grew its stake in shares of Microsoft by 3.5% in the first 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. 71.13% of the stock is owned by institutional investors and hedge funds.
Microsoft Stock Up 0.3%
Shares of NASDAQ MSFT opened at $517.35 on Friday. 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 52 week low of $344.79 and a 52 week high of $555.45. The stock has a market capitalization of $3.85 trillion, a P/E ratio of 37.93, a PEG ratio of 2.25 and a beta of 1.03. The stock’s fifty day moving average is $512.83 and its 200 day moving average is $466.63.
Microsoft Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.7%. This is a boost from Microsoft’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Thursday, November 20th. Microsoft’s payout ratio is 24.34%.
Analysts Set New Price Targets
Several research firms recently weighed in on MSFT. Weiss Ratings reissued a “buy (b)” rating on shares of Microsoft in a research note on Saturday, September 27th. TD Cowen raised their target price on shares of Microsoft from $580.00 to $640.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. BMO Capital Markets raised their target price on shares of Microsoft from $550.00 to $650.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Loop Capital raised their target price on shares of Microsoft from $550.00 to $600.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Finally, Raymond James Financial increased their price target on Microsoft from $490.00 to $570.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $617.63.
Get Our Latest Stock Analysis on MSFT
Insider Activity
In related news, EVP Takeshi Numoto sold 4,850 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president directly owned 39,111 shares of the company’s stock, valued at $20,624,012.52. This trade represents a 11.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Satya Nadella sold 149,205 shares of Microsoft 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 sale, the chief executive officer directly owned 790,852 shares in the company, valued at $399,206,272.56. The trade was a 15.87% 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.
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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