SGL Investment Advisors Inc. grew its stake in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 1.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 21,487 shares of the software giant’s stock after acquiring an additional 225 shares during the period. Microsoft comprises about 5.1% of SGL Investment Advisors Inc.’s portfolio, making the stock its largest holding. SGL Investment Advisors Inc.’s holdings in Microsoft were worth $10,671,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC raised its stake in Microsoft by 564,387.1% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 90,549,369 shares of the software giant’s stock valued at $45,040,162,000 after purchasing an additional 90,533,328 shares during the period. Nuveen LLC acquired a new stake in Microsoft during the 1st quarter valued at $18,733,827,000. Northern Trust Corp raised its stake in Microsoft by 16.1% during the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant’s stock valued at $35,316,535,000 after purchasing an additional 11,600,470 shares during the period. Vanguard Group Inc. raised its stake in Microsoft by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 691,386,214 shares of the software giant’s stock valued at $259,539,471,000 after purchasing an additional 7,314,509 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Microsoft by 14.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 49,338,953 shares of the software giant’s stock valued at $18,521,349,000 after purchasing an additional 6,101,005 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.
Microsoft Stock Down 0.1%
MSFT stock opened at $541.55 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $555.45. The company has a 50-day moving average of $513.17 and a two-hundred day moving average of $485.65. The stock has a market capitalization of $4.03 trillion, a price-to-earnings ratio of 39.70, a price-to-earnings-growth ratio of 2.36 and a beta of 1.03.
Microsoft Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Microsoft’s previous quarterly dividend of $0.83. The ex-dividend date is Thursday, November 20th. Microsoft’s dividend payout ratio is currently 24.34%.
Insider Transactions at Microsoft
In other Microsoft news, EVP Takeshi Numoto sold 4,850 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $527.32, for a total transaction of $2,557,502.00. Following the completion of the sale, the executive vice president directly owned 39,111 shares in the company, valued at $20,624,012.52. This represents a 11.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Satya Nadella sold 149,205 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $504.78, for a total transaction of $75,315,699.90. Following the sale, the chief executive officer owned 790,852 shares of the company’s stock, valued at $399,206,272.56. This trade represents a 15.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.03% of the stock is owned by corporate insiders.
Analyst Ratings Changes
MSFT has been the topic of several recent analyst reports. The Goldman Sachs Group reissued a “buy” rating and set a $630.00 target price on shares of Microsoft in a research note on Tuesday. Oppenheimer boosted their target price on shares of Microsoft from $600.00 to $630.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Melius Research upped their price target on shares of Microsoft from $595.00 to $625.00 in a research note on Thursday, September 25th. Wells Fargo & Company upped their price target on shares of Microsoft from $650.00 to $675.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Finally, DA Davidson upped their price target on shares of Microsoft from $600.00 to $650.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $626.58.
View Our Latest Stock 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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