Parkwoods Wealth Partners LLC boosted its stake in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 11.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,909 shares of the software giant’s stock after acquiring an additional 403 shares during the quarter. Microsoft accounts for about 1.1% of Parkwoods Wealth Partners LLC’s investment portfolio, making the stock its 10th largest holding. Parkwoods Wealth Partners LLC’s holdings in Microsoft were worth $1,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of MSFT. Vanguard Group Inc. lifted its holdings in Microsoft by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 691,386,214 shares of the software giant’s stock worth $259,539,471,000 after buying an additional 7,314,509 shares during the period. Kingstone Capital Partners Texas LLC lifted its holdings in Microsoft by 564,387.1% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 90,549,369 shares of the software giant’s stock worth $45,040,162,000 after buying an additional 90,533,328 shares during the period. Northern Trust Corp lifted its holdings in Microsoft by 16.1% in the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant’s stock worth $35,316,535,000 after buying an additional 11,600,470 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Microsoft by 3.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 62,267,822 shares of the software giant’s stock worth $23,374,718,000 after buying an additional 2,306,485 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Microsoft by 9.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,961,337 shares of the software giant’s stock worth $25,273,704,000 after buying an additional 5,370,546 shares during the period. 71.13% of the stock is currently owned by hedge funds and other institutional investors.
Microsoft Stock Up 0.6%
Shares of NASDAQ:MSFT opened at $516.79 on Tuesday. The stock has a fifty day simple moving average of $511.72 and a two-hundred day simple moving average of $478.10. The stock has a market capitalization of $3.84 trillion, a price-to-earnings ratio of 37.89, a PEG ratio of 2.24 and a beta of 1.03. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $555.45. The company has a current ratio of 1.35, a quick 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. Stockholders of record on Thursday, November 20th will be paid a $0.91 dividend. This is an increase from Microsoft’s previous quarterly dividend of $0.83. This represents a $3.64 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, November 20th. Microsoft’s dividend payout ratio (DPR) is presently 24.34%.
Insider Buying and Selling at Microsoft
In other 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 completion of the transaction, the executive vice president owned 39,111 shares in the company, valued at $20,624,012.52. The trade was a 11.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Satya Nadella sold 149,205 shares of Microsoft 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 sale, the chief executive officer directly owned 790,852 shares of the company’s stock, 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 owned by insiders.
Wall Street Analyst Weigh In
MSFT has been the subject of several research analyst reports. Westpark Capital reiterated a “hold” rating on shares of Microsoft in a report on Thursday, July 31st. Arete increased their price objective on Microsoft from $700.00 to $710.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Jefferies Financial Group raised their target price on Microsoft from $600.00 to $675.00 and gave the company a “buy” rating in a research note 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 research note on Thursday, July 31st. Finally, Raymond James Financial raised their target price on Microsoft from $490.00 to $570.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. One 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $618.97.
Get Our Latest Analysis on Microsoft
Microsoft 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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