Uncommon Cents Investing LLC cut its holdings in Microsoft Corporation (NASDAQ:MSFT – Free Report) by 1.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,693 shares of the software giant’s stock after selling 414 shares during the quarter. Microsoft comprises approximately 4.0% of Uncommon Cents Investing LLC’s holdings, making the stock its 2nd largest position. Uncommon Cents Investing LLC’s holdings in Microsoft were worth $14,770,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Newton One Investments LLC lifted its holdings in Microsoft by 66.7% in the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant’s stock worth $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 in the fourth quarter valued at approximately $31,000. Bulwark Capital Corp acquired a new stake in shares of Microsoft in the second quarter worth $32,000. Westend Capital Management LLC boosted its holdings in shares of Microsoft by 386.7% during the 2nd quarter. Westend Capital Management LLC now owns 73 shares of the software giant’s stock worth $36,000 after buying an additional 58 shares during the period. Finally, LSV Asset Management acquired a new position in Microsoft in the 4th quarter valued at $44,000. 71.13% of the stock is owned by institutional investors.
Microsoft Stock Up 0.6%
Shares of MSFT stock opened at $514.05 on Tuesday. Microsoft Corporation has a one year low of $344.79 and a one year high of $555.45. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a fifty day moving average price of $512.69 and a 200 day moving average price of $473.23. The stock has a market cap of $3.82 trillion, a P/E ratio of 37.69, a price-to-earnings-growth ratio of 2.22 and a beta of 1.03.
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 paid a dividend of $0.91 per share. This is a positive change 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%. The ex-dividend date is Thursday, November 20th. Microsoft’s dividend payout ratio is 24.34%.
Insider Activity at Microsoft
In related news, EVP Takeshi Numoto sold 4,850 shares of the business’s stock in a transaction on 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Satya Nadella sold 149,205 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer owned 790,852 shares in the company, valued at $399,206,272.56. This trade represents a 15.87% 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.
Analyst Upgrades and Downgrades
MSFT has been the subject of a number of research analyst reports. Mizuho boosted their target price on shares of Microsoft from $540.00 to $625.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Jefferies Financial Group boosted their price objective on Microsoft from $600.00 to $675.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. DA Davidson raised their target price on Microsoft from $600.00 to $650.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Melius Research lifted their price target on Microsoft from $595.00 to $625.00 in a research report on Thursday, September 25th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Microsoft in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $618.47.
Get Our Latest Research Report 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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