Buttonwood Financial Advisors Inc. grew its holdings in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 2.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,040 shares of the software giant’s stock after purchasing an additional 569 shares during the quarter. Microsoft makes up 5.4% of Buttonwood Financial Advisors Inc.’s investment portfolio, making the stock its 2nd largest holding. Buttonwood Financial Advisors Inc.’s holdings in Microsoft were worth $13,450,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. PMV Capital Advisers LLC grew its holdings in Microsoft by 5.9% during the second quarter. PMV Capital Advisers LLC now owns 359 shares of the software giant’s stock valued at $178,000 after purchasing an additional 20 shares during the period. Seek First Inc. raised its stake in shares of Microsoft by 1.5% in the second quarter. Seek First Inc. now owns 1,358 shares of the software giant’s stock valued at $675,000 after buying an additional 20 shares during the period. Guided Capital Wealth Management LLC lifted its position in shares of Microsoft by 0.4% during the 2nd 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 during the last quarter. Fosun International Ltd grew its stake in shares of Microsoft by 0.3% during the 1st quarter. Fosun International Ltd now owns 6,633 shares of the software giant’s stock worth $2,490,000 after acquiring an additional 23 shares during the period. Finally, Birchbrook Inc. grew its stake 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 acquiring an additional 23 shares during the period. 71.13% of the stock is currently owned by institutional investors.
Microsoft Stock Up 2.2%
Shares of NASDAQ:MSFT opened at $528.57 on Tuesday. The firm has a fifty day moving average price of $513.15 and a two-hundred day moving average price of $468.70. The company has a market cap of $3.93 trillion, a price-to-earnings ratio of 38.75, a PEG ratio of 2.25 and a beta of 1.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35. Microsoft Corporation has a one year low of $344.79 and a one year high of $555.45.
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 issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend 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 payout ratio is 24.34%.
Analyst Ratings Changes
A number of brokerages recently issued reports on MSFT. Weiss Ratings restated a “buy (b)” rating on shares of Microsoft in a research note on Saturday, September 27th. Wedbush lifted their target price on shares of Microsoft from $600.00 to $625.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. UBS Group restated a “buy” rating and set a $650.00 price target (up from $600.00) on shares of Microsoft in a research note on Thursday, July 31st. Truist Financial raised their price objective on shares of Microsoft from $650.00 to $675.00 and gave the stock a “buy” rating in a report on Monday, August 18th. Finally, Evercore ISI lifted their price objective on shares of Microsoft from $515.00 to $545.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and an average target price of $618.47.
Get Our Latest Analysis on Microsoft
Insider Transactions at Microsoft
In related news, CEO Satya Nadella sold 149,205 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $399,206,272.56. This trade represents a 15.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Takeshi Numoto sold 4,850 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $527.32, for a total transaction of $2,557,502.00. Following the completion of the transaction, the executive vice president directly owned 39,111 shares of the company’s stock, valued at approximately $20,624,012.52. This represents a 11.03% decrease in their position. The disclosure for this sale can be found here. Company 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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