Deroy & Devereaux Private Investment Counsel Inc. grew its stake in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,849 shares of the software giant’s stock after buying an additional 876 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Microsoft were worth $24,795,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MSFT. PMV Capital Advisers LLC boosted its stake in Microsoft by 5.9% in the second quarter. PMV Capital Advisers LLC now owns 359 shares of the software giant’s stock worth $178,000 after buying an additional 20 shares in the last quarter. Seek First Inc. lifted its holdings in shares of Microsoft by 1.5% in the 2nd quarter. Seek First Inc. now owns 1,358 shares of the software giant’s stock worth $675,000 after acquiring an additional 20 shares during the last quarter. Level Financial Advisors boosted its stake in shares of Microsoft by 0.8% in the 2nd quarter. Level Financial Advisors now owns 2,680 shares of the software giant’s stock valued at $1,333,000 after purchasing an additional 20 shares in the last quarter. Red Mountain Financial LLC grew its holdings in shares of Microsoft by 0.7% during the 2nd quarter. Red Mountain Financial LLC now owns 2,761 shares of the software giant’s stock valued at $1,373,000 after purchasing an additional 20 shares during the last quarter. Finally, Onyx Financial Advisors LLC grew its holdings in shares of Microsoft by 0.3% during the 2nd quarter. Onyx Financial Advisors LLC now owns 7,108 shares of the software giant’s stock valued at $3,536,000 after purchasing an additional 20 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.
Microsoft Stock Up 0.5%
Shares of Microsoft stock opened at $511.14 on Thursday. 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 Corporation has a 12-month low of $344.79 and a 12-month high of $555.45. The company has a market cap of $3.80 trillion, a P/E ratio of 36.35, a PEG ratio of 2.36 and a beta of 1.02. The company’s fifty day simple moving average is $514.05 and its two-hundred day simple moving average is $495.03.
Microsoft Increases Dividend
The company 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 a boost 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 is presently 25.89%.
Insider Buying and Selling at Microsoft
In other Microsoft news, insider Bradford L. Smith sold 38,500 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $518.64, for a total value of $19,967,640.00. Following the completion of the transaction, the insider owned 461,597 shares in the company, valued at approximately $239,402,668.08. This represents a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Satya Nadella sold 149,205 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The shares were 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 represents a 15.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.03% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
MSFT has been the subject of several analyst reports. Mizuho set a $640.00 price target on shares of Microsoft in a research report on Tuesday, October 28th. Oppenheimer restated an “outperform” rating on shares of Microsoft in a report on Thursday, October 30th. Guggenheim raised Microsoft from a “neutral” rating to a “buy” rating and set a $586.00 price target on the stock in a research note on Monday, October 27th. Wall Street Zen raised Microsoft from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Finally, Royal Bank Of Canada set a $640.00 target price on shares of Microsoft in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $634.47.
Get Our Latest Stock 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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