MFA Wealth Advisors LLC grew its stake in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 281.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,016 shares of the software giant’s stock after purchasing an additional 8,131 shares during the quarter. Microsoft makes up 1.3% of MFA Wealth Advisors LLC’s portfolio, making the stock its 23rd largest holding. MFA Wealth Advisors LLC’s holdings in Microsoft were worth $5,479,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in MSFT. Newton One Investments LLC grew its holdings in shares of Microsoft by 66.7% during the first quarter. Newton One Investments LLC now owns 75 shares of the software giant’s stock valued at $28,000 after purchasing an additional 30 shares during the last quarter. Ball & Co Wealth Management Inc. bought a new position in shares of Microsoft during the fourth quarter valued at approximately $31,000. Bulwark Capital Corp bought a new position in shares of Microsoft during the second quarter valued at approximately $32,000. Westend Capital Management LLC grew its holdings in shares of Microsoft by 386.7% during the second quarter. Westend Capital Management LLC now owns 73 shares of the software giant’s stock valued at $36,000 after purchasing an additional 58 shares during the last quarter. Finally, LSV Asset Management bought a new position in shares of Microsoft during the fourth quarter valued at approximately $44,000. 71.13% of the stock is owned by institutional investors.
Microsoft Stock Performance
MSFT opened at $517.35 on Friday. The business has a fifty day simple moving average of $512.83 and a 200-day simple moving average of $466.63. The firm has a market cap of $3.85 trillion, a PE ratio of 37.93, a P/E/G ratio of 2.25 and a beta of 1.03. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two 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.
Microsoft Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be issued a $0.91 dividend. The ex-dividend date is Thursday, November 20th. This is an increase from Microsoft’s previous quarterly dividend of $0.83. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.7%. Microsoft’s dividend payout ratio is currently 24.34%.
Insiders Place Their Bets
In other news, CEO Satya Nadella sold 149,205 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $504.78, for a total value of $75,315,699.90. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Takeshi Numoto sold 4,850 shares of the stock in a transaction on Tuesday, August 12th. The shares were 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 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. 0.03% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on MSFT shares. Citigroup increased their price objective on Microsoft from $605.00 to $613.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Jefferies Financial Group increased their price objective on Microsoft from $600.00 to $675.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Oppenheimer increased their price objective on Microsoft from $600.00 to $630.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Evercore ISI increased their price objective on Microsoft from $515.00 to $545.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Finally, TD Cowen increased their price objective on Microsoft from $580.00 to $640.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $617.63.
View Our Latest 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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