Blossom Wealth Management grew its position in Microsoft Corporation (NASDAQ:MSFT – Free Report) by 0.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,935 shares of the software giant’s stock after buying an additional 23 shares during the quarter. Microsoft accounts for approximately 3.5% of Blossom Wealth Management’s holdings, making the stock its 4th biggest holding. Blossom Wealth Management’s holdings in Microsoft were worth $1,957,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Brady Martz Wealth Solutions LLC boosted its position in shares of Microsoft by 1.4% in the first quarter. Brady Martz Wealth Solutions LLC now owns 6,650 shares of the software giant’s stock worth $2,496,000 after buying an additional 95 shares during the period. Real Talk Capital LLC boosted its holdings in Microsoft by 1.6% in the 1st quarter. Real Talk Capital LLC now owns 2,290 shares of the software giant’s stock worth $860,000 after acquiring an additional 37 shares during the period. Bank Pictet & Cie Europe AG boosted its holdings in Microsoft by 3.8% in the 2nd quarter. Bank Pictet & Cie Europe AG now owns 922,524 shares of the software giant’s stock worth $457,119,000 after acquiring an additional 33,382 shares during the period. Modern Wealth Management LLC boosted its holdings in Microsoft by 39.3% in the 1st quarter. Modern Wealth Management LLC now owns 144,852 shares of the software giant’s stock worth $54,376,000 after acquiring an additional 40,860 shares during the period. Finally, Well Done LLC boosted its holdings in Microsoft by 8.9% in the 2nd quarter. Well Done LLC now owns 9,911 shares of the software giant’s stock worth $4,930,000 after acquiring an additional 814 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.
Microsoft Price Performance
NASDAQ:MSFT opened at $514.05 on Tuesday. The business’s 50-day moving average price is $512.69 and its 200 day moving average price is $473.23. The firm has a market cap of $3.82 trillion, a P/E ratio of 37.69, a PEG ratio of 2.22 and a beta of 1.03. Microsoft Corporation has a 52-week low of $344.79 and a 52-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 business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend 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 yield of 0.7%. Microsoft’s dividend payout ratio (DPR) is currently 24.34%.
Insider Buying and Selling
In other news, CEO Satya Nadella sold 149,205 shares of the stock in a transaction that occurred 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 directly owned 790,852 shares of the company’s stock, valued at approximately $399,206,272.56. This represents a 15.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Takeshi Numoto sold 4,850 shares of the company’s 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 transaction, 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 ownership of the stock. 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 brokerages have issued reports on MSFT. Loop Capital upped their target price on Microsoft from $550.00 to $600.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Stifel Nicolaus upped their target price on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Citigroup upped their target price on Microsoft from $605.00 to $613.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $640.00 target price on shares of Microsoft in a research report on Friday, October 3rd. Finally, Wedbush upped their target price on Microsoft from $600.00 to $625.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $618.47.
Get Our Latest Stock Analysis on Microsoft
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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