Creekmur Asset Management LLC raised its stake in Microsoft Corporation (NASDAQ:MSFT – Free Report) by 40.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,318 shares of the software giant’s stock after purchasing an additional 3,286 shares during the period. Microsoft makes up approximately 1.0% of Creekmur Asset Management LLC’s holdings, making the stock its 20th biggest position. Creekmur Asset Management LLC’s holdings in Microsoft were worth $5,630,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in MSFT. WFA Asset Management Corp boosted its stake in Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after buying an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. raised its stake in shares of Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after buying an additional 38 shares in the last quarter. Discipline Wealth Solutions LLC lifted its holdings in shares of Microsoft by 410.4% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock worth $1,144,000 after acquiring an additional 2,138 shares during the period. Wealth Group Ltd. boosted its position in shares of Microsoft by 1.2% during the 4th quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant’s stock valued at $1,000,000 after acquiring an additional 28 shares in the last quarter. Finally, Eagle Capital Management LLC increased its stake in Microsoft by 0.4% in the fourth quarter. Eagle Capital Management LLC now owns 23,097 shares of the software giant’s stock valued at $9,735,000 after acquiring an additional 96 shares during the period. Institutional investors own 71.13% of the company’s stock.
Microsoft Stock Performance
Shares of NASDAQ:MSFT opened at $486.74 on Tuesday. The business has a fifty day moving average of $509.39 and a 200-day moving average of $500.83. 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 Corporation has a twelve month low of $344.79 and a twelve month high of $555.45. The firm has a market cap of $3.62 trillion, a PE ratio of 34.62, a price-to-earnings-growth ratio of 2.36 and a beta of 1.02.
Microsoft Increases Dividend
The business 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 dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.7%. This is an increase from Microsoft’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Thursday, November 20th. Microsoft’s payout ratio is currently 25.89%.
Analysts Set New Price Targets
A number of research analysts have commented on the stock. Baird R W upgraded shares of Microsoft to a “strong-buy” rating in a research note on Friday, November 14th. Citigroup raised their target price on Microsoft from $682.00 to $690.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. BNP Paribas Exane upped their price target on Microsoft from $630.00 to $632.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. Mizuho lowered Microsoft from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Finally, Raymond James Financial reduced their target price on shares of Microsoft from $630.00 to $600.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $634.33.
Read Our Latest Research Report on MSFT
Insider Buying and Selling
In related news, CEO Satya Nadella sold 149,205 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 790,852 shares in the company, valued at $399,206,272.56. The trade was a 15.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Bradford L. Smith sold 38,500 shares of the company’s 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 transaction, the insider directly owned 461,597 shares in the company, valued at approximately $239,402,668.08. This represents a 7.70% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.03% of the company’s stock.
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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