Mid American Wealth Advisory Group Inc. boosted its position in Microsoft Corporation (NASDAQ:MSFT – Free Report) by 26.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,802 shares of the software giant’s stock after acquiring an additional 378 shares during the quarter. Mid American Wealth Advisory Group Inc.’s holdings in Microsoft were worth $896,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the company. Bulwark Capital Corp purchased a new stake in Microsoft in the second quarter worth approximately $32,000. Westend Capital Management LLC lifted its holdings in shares of Microsoft by 386.7% in the 2nd quarter. Westend Capital Management LLC now owns 73 shares of the software giant’s stock worth $36,000 after acquiring an additional 58 shares during the last quarter. Newton One Investments LLC boosted its stake in shares of Microsoft by 66.7% in the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant’s stock valued at $28,000 after purchasing an additional 30 shares in the last quarter. LSV Asset Management bought a new position in shares of Microsoft during the 4th quarter valued at $44,000. Finally, PayPay Securities Corp raised its position in Microsoft by 29.9% in the 2nd quarter. PayPay Securities Corp now owns 126 shares of the software giant’s stock worth $63,000 after purchasing an additional 29 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.
Microsoft Stock Down 1.4%
Shares of NASDAQ MSFT opened at $487.12 on Thursday. The firm has a fifty day simple moving average of $514.09 and a two-hundred day simple moving average of $498.25. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $555.45. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $3.62 trillion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 2.36 and a beta of 1.02.
Microsoft Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be given a $0.91 dividend. The ex-dividend date of this dividend is Thursday, November 20th. 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. Microsoft’s dividend payout ratio is currently 25.89%.
Analyst Upgrades and Downgrades
MSFT has been the subject of several analyst reports. Royal Bank Of Canada restated a “buy” rating on shares of Microsoft in a research report on Wednesday. Morgan Stanley boosted their target price on Microsoft from $625.00 to $650.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Wedbush restated an “outperform” rating and set a $625.00 price target on shares of Microsoft in a research report on Wednesday, October 22nd. Sanford C. Bernstein boosted their price objective on Microsoft from $637.00 to $645.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Finally, Mizuho set a $640.00 price objective on Microsoft in a research note on Tuesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and a consensus target price of $634.33.
Get Our Latest Stock Report on Microsoft
Insider Buying and Selling
In other news, insider Bradford L. Smith sold 38,500 shares of the firm’s stock in a transaction that occurred 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 $239,402,668.08. This trade represents a 7.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Satya Nadella sold 149,205 shares of the company’s 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 completion of the sale, the chief executive officer directly owned 790,852 shares in the company, valued at approximately $399,206,272.56. The trade was a 15.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.03% of the company’s stock.
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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