Tower View Wealth Management LLC boosted its holdings in Microsoft Corporation (NASDAQ:MSFT – Free Report) by 2.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,304 shares of the software giant’s stock after buying an additional 488 shares during the quarter. Microsoft makes up about 4.7% of Tower View Wealth Management LLC’s holdings, making the stock its 2nd largest position. Tower View Wealth Management LLC’s holdings in Microsoft were worth $9,104,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Bulwark Capital Corp purchased a new stake in shares of Microsoft during the 2nd quarter worth approximately $32,000. Westend Capital Management LLC lifted its position in Microsoft by 386.7% in the second quarter. Westend Capital Management LLC now owns 73 shares of the software giant’s stock valued at $36,000 after acquiring an additional 58 shares during the last quarter. 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 valued at $28,000 after acquiring an additional 30 shares in the last quarter. LSV Asset Management purchased a new position in shares of Microsoft during the fourth quarter worth about $44,000. Finally, Legend Financial Advisors Inc. acquired a new stake in shares of Microsoft during the second quarter worth about $69,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.
Microsoft Trading Up 0.6%
NASDAQ:MSFT opened at $520.54 on Thursday. The stock has a market capitalization of $3.87 trillion, a price-to-earnings ratio of 38.16, a PEG ratio of 2.25 and a beta of 1.03. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $555.45. The stock has a fifty day moving average price of $511.49 and a two-hundred day moving average price of $478.67. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.35 and a current ratio of 1.35.
Microsoft Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be issued a dividend of $0.91 per share. This is a boost from Microsoft’s previous quarterly dividend of $0.83. This represents a $3.64 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, November 20th. Microsoft’s payout ratio is presently 24.34%.
Insider Buying and Selling at Microsoft
In other Microsoft news, EVP Takeshi Numoto sold 4,850 shares of the company’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 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 is accessible through the SEC website. 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 transaction, the chief executive officer directly owned 790,852 shares of the company’s stock, valued at $399,206,272.56. This trade represents 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 corporate insiders.
Wall Street Analyst Weigh In
MSFT has been the topic of a number of research reports. Citigroup raised their price target on Microsoft from $680.00 to $682.00 and gave the stock a “buy” rating in a research note on Wednesday. Cantor Fitzgerald raised their target price on shares of Microsoft from $581.00 to $639.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Truist Financial lifted their target price on shares of Microsoft from $650.00 to $675.00 and gave the company a “buy” rating in a report on Monday, August 18th. DA Davidson raised their price objective on shares of Microsoft from $600.00 to $650.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Finally, Arete lifted their price objective on shares of Microsoft from $700.00 to $710.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirty-two have given 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 an average target price of $617.44.
Get Our Latest Analysis 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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