Smith Anglin Financial LLC lowered its position in Microsoft Corporation (NASDAQ:MSFT – Free Report) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,924 shares of the software giant’s stock after selling 192 shares during the quarter. Microsoft makes up approximately 0.6% of Smith Anglin Financial LLC’s portfolio, making the stock its 25th biggest position. Smith Anglin Financial LLC’s holdings in Microsoft were worth $6,926,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Newton One Investments LLC boosted its stake in Microsoft by 66.7% in the first quarter. Newton One Investments LLC now owns 75 shares of the software giant’s stock worth $28,000 after buying an additional 30 shares in the last quarter. Ball & Co Wealth Management Inc. purchased a new stake in Microsoft in the fourth quarter worth approximately $31,000. Bulwark Capital Corp purchased a new stake in Microsoft in the second quarter worth approximately $32,000. Westend Capital Management LLC boosted its stake in Microsoft by 386.7% in the second quarter. Westend Capital Management LLC now owns 73 shares of the software giant’s stock worth $36,000 after buying an additional 58 shares in the last quarter. Finally, LSV Asset Management purchased a new stake in Microsoft in the fourth quarter worth approximately $44,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.
Microsoft Stock Performance
Shares of MSFT stock opened at $511.61 on Friday. The stock has a fifty day moving average of $511.99 and a 200 day moving average of $474.73. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $555.45. The firm has a market capitalization of $3.80 trillion, a price-to-earnings ratio of 37.51, a PEG ratio of 2.24 and a beta of 1.03. 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 declared 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. The ex-dividend date of this dividend is Thursday, November 20th. 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%. Microsoft’s payout ratio is 24.34%.
Analyst Ratings Changes
MSFT has been the subject of several recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Microsoft in a research report on Wednesday, October 8th. Cantor Fitzgerald boosted their price objective on Microsoft from $581.00 to $639.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Raymond James Financial boosted their price objective on Microsoft from $490.00 to $570.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Piper Sandler boosted their price objective on Microsoft from $600.00 to $650.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Finally, Loop Capital boosted their price objective on Microsoft from $550.00 to $600.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $618.47.
Read Our Latest Report on Microsoft
Insiders Place Their Bets
In other Microsoft news, EVP Takeshi Numoto sold 4,850 shares of the 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 completion of the transaction, the executive vice president owned 39,111 shares in the company, valued at approximately $20,624,012.52. This represents a 11.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction, the chief executive officer owned 790,852 shares of the company’s stock, valued at approximately $399,206,272.56. This trade represents a 15.87% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.
About Microsoft
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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