Wealth Advisory Team LLC purchased a new position in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,118 shares of the software giant’s stock, valued at approximately $556,000. Microsoft makes up 0.5% of Wealth Advisory Team LLC’s portfolio, making the stock its 25th biggest position.
A number of other institutional investors have also made changes to their positions in MSFT. Kingstone Capital Partners Texas LLC grew its holdings in shares of 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 valued at $45,040,162,000 after acquiring an additional 90,533,328 shares in the last quarter. Nuveen LLC bought a new position in Microsoft in the first quarter valued at approximately $18,733,827,000. Northern Trust Corp grew its stake in Microsoft by 16.1% in the fourth 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 in the last quarter. Vanguard Group Inc. increased its position in shares of Microsoft by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 691,386,214 shares of the software giant’s stock worth $259,539,471,000 after purchasing an additional 7,314,509 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Microsoft by 14.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 49,338,953 shares of the software giant’s stock worth $18,521,349,000 after purchasing an additional 6,101,005 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.
Microsoft Trading Down 0.1%
Shares of MSFT stock opened at $496.82 on Friday. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $555.45. The company has a market capitalization of $3.69 trillion, a PE ratio of 35.34, a price-to-earnings-growth ratio of 2.36 and a beta of 1.02. The firm has a 50 day moving average price of $513.88 and a two-hundred day moving average price of $491.56. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.12.
Microsoft Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, November 20th. This is a positive change from Microsoft’s previous quarterly dividend of $0.83. Microsoft’s dividend payout ratio (DPR) is 25.89%.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on MSFT shares. Arete raised their target price 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. BMO Capital Markets cut their price target on shares of Microsoft from $650.00 to $625.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. BNP Paribas Exane boosted their price objective on shares of Microsoft from $630.00 to $632.00 and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Wall Street Zen raised shares of Microsoft from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Finally, HSBC lifted their price target on Microsoft from $643.00 to $648.00 in a report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Microsoft currently has an average rating of “Buy” and an average price target of $634.47.
View Our Latest Stock Analysis on Microsoft
Insider Activity
In other Microsoft news, insider Bradford L. Smith sold 38,500 shares of Microsoft stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $518.64, for a total value of $19,967,640.00. Following the completion of the sale, the insider owned 461,597 shares in the company, valued at $239,402,668.08. The trade was a 7.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Takeshi Numoto sold 4,850 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $527.32, for a total transaction of $2,557,502.00. Following the transaction, the executive vice president owned 39,111 shares in the company, valued at approximately $20,624,012.52. The trade was a 11.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 192,555 shares of company stock valued at $97,840,842. 0.03% of the stock is owned by company insiders.
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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