Elwood & Goetz Wealth Advisory Group LLC grew its position in Microsoft Corporation (NASDAQ:MSFT – Free Report) by 8.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,025 shares of the software giant’s stock after purchasing an additional 532 shares during the period. Microsoft makes up approximately 0.8% of Elwood & Goetz Wealth Advisory Group LLC’s investment portfolio, making the stock its 17th largest holding. Elwood & Goetz Wealth Advisory Group LLC’s holdings in Microsoft were worth $3,494,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of MSFT. Newton One Investments LLC raised its holdings in Microsoft by 66.7% during the first quarter. Newton One Investments LLC now owns 75 shares of the software giant’s stock worth $28,000 after acquiring an additional 30 shares in the last quarter. Bulwark Capital Corp bought a new stake in Microsoft during the second quarter worth about $32,000. Westend Capital Management LLC raised its holdings in Microsoft by 386.7% during the second quarter. Westend Capital Management LLC now owns 73 shares of the software giant’s stock worth $36,000 after acquiring an additional 58 shares in the last quarter. LSV Asset Management bought a new stake in Microsoft during the fourth quarter worth about $44,000. Finally, IFS Advisors LLC raised its holdings in Microsoft by 50.0% during the first quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock worth $57,000 after acquiring an additional 50 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.
Microsoft Price Performance
Microsoft stock opened at $513.58 on Friday. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $555.45. The stock’s 50 day moving average is $511.82 and its 200-day moving average is $476.28. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $3.82 trillion, a price-to-earnings ratio of 37.65, a PEG ratio of 2.24 and a beta of 1.03.
Microsoft Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be given a dividend of $0.91 per share. 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%. The ex-dividend date of this dividend is Thursday, November 20th. Microsoft’s dividend payout ratio (DPR) is currently 24.34%.
Insider Buying and Selling
In related news, EVP Takeshi Numoto sold 4,850 shares of the 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 sale, the executive vice president owned 39,111 shares of the company’s stock, valued at $20,624,012.52. This represents a 11.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 sale, the chief executive officer directly owned 790,852 shares in the company, valued at $399,206,272.56. This represents a 15.87% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.03% of the company’s stock.
Analyst Ratings Changes
Several analysts recently issued reports on MSFT shares. Barclays reiterated an “overweight” rating and set a $625.00 target price on shares of Microsoft in a report on Friday, August 29th. Jefferies Financial Group upped their target price on Microsoft from $600.00 to $675.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. DA Davidson upped their target price on Microsoft from $600.00 to $650.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Melius Research boosted their price target on Microsoft from $595.00 to $625.00 in a research report on Thursday, September 25th. Finally, Westpark Capital reissued a “hold” rating on shares of Microsoft in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $618.97.
Check Out Our Latest Report on MSFT
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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