FMB Wealth Management lifted its stake in Microsoft Corporation (NASDAQ:MSFT – Free Report) by 3.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,419 shares of the software giant’s stock after purchasing an additional 105 shares during the quarter. Microsoft accounts for about 0.8% of FMB Wealth Management’s investment portfolio, making the stock its 25th largest holding. FMB Wealth Management’s holdings in Microsoft were worth $1,701,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. PMV Capital Advisers LLC raised its stake in shares of Microsoft by 5.9% during the 2nd quarter. PMV Capital Advisers LLC now owns 359 shares of the software giant’s stock worth $178,000 after purchasing an additional 20 shares in the last quarter. Seek First Inc. raised its stake in shares of Microsoft by 1.5% during the 2nd quarter. Seek First Inc. now owns 1,358 shares of the software giant’s stock worth $675,000 after purchasing an additional 20 shares in the last quarter. Level Financial Advisors raised its stake in shares of Microsoft by 0.8% during the 2nd quarter. Level Financial Advisors now owns 2,680 shares of the software giant’s stock worth $1,333,000 after purchasing an additional 20 shares in the last quarter. Guided Capital Wealth Management LLC raised its stake 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 worth $2,688,000 after purchasing an additional 21 shares in the last quarter. Finally, Great Oak Capital Partners LLC raised its stake in shares of Microsoft by 0.9% during the 2nd quarter. Great Oak Capital Partners LLC now owns 2,298 shares of the software giant’s stock worth $1,157,000 after purchasing an additional 21 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.
Microsoft Stock Performance
MSFT opened at $513.58 on Friday. The firm has a market capitalization of $3.82 trillion, a P/E ratio of 37.65, a price-to-earnings-growth ratio of 2.24 and a beta of 1.03. The stock’s 50 day moving average price is $511.82 and its two-hundred day moving average price is $476.28. 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 Corporation has a 12-month low of $344.79 and a 12-month high of $555.45.
Microsoft Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be issued a dividend of $0.91 per share. 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 a boost from Microsoft’s previous quarterly dividend of $0.83. Microsoft’s payout ratio is 24.34%.
Analyst Ratings Changes
MSFT has been the subject of a number of recent research reports. Oppenheimer raised their price target on Microsoft from $600.00 to $630.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Wall Street Zen raised Microsoft from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. UBS Group reissued a “buy” rating and issued a $650.00 price objective (up from $600.00) on shares of Microsoft in a research note on Thursday, July 31st. Jefferies Financial Group raised their price objective on Microsoft from $600.00 to $675.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $640.00 price objective on shares of Microsoft in a research note on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $618.97.
Read Our Latest Research Report on Microsoft
Insider Activity at Microsoft
In other news, EVP Takeshi Numoto sold 4,850 shares of Microsoft 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 approximately $20,624,012.52. This trade represents a 11.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Satya Nadella sold 149,205 shares of Microsoft 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. The trade was a 15.87% decrease in their position. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by company insiders.
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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