Strid Group LLC trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 18.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 981 shares of the software giant’s stock after selling 220 shares during the period. Strid Group LLC’s holdings in Microsoft were worth $252,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Microsoft during the fourth quarter valued at approximately $24,401,940,000. Aaron Wealth Advisors LLC boosted its position in shares of Microsoft by 35,465.9% during the first quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock valued at $66,852,000 after purchasing an additional 20,553,188 shares in the last quarter. State Street Corp boosted its position in shares of Microsoft by 2.8% during the fourth quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock valued at $101,750,881,000 after purchasing an additional 8,108,943 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Microsoft by 0.9% during the first quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock valued at $191,644,927,000 after purchasing an additional 5,648,095 shares in the last quarter. Finally, Castleview Partners LLC bought a new stake in shares of Microsoft during the fourth quarter valued at approximately $11,872,000. 69.29% of the stock is owned by institutional investors.
Microsoft Stock Down 1.4 %
Microsoft stock opened at $238.95 on Thursday. The stock has a market cap of $1.78 trillion, a PE ratio of 24.79, a price-to-earnings-growth ratio of 2.06 and a beta of 0.94. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78. Microsoft Co. has a one year low of $238.90 and a one year high of $349.67. The stock has a fifty day moving average of $267.91 and a 200 day moving average of $272.92.
Microsoft Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be given a $0.68 dividend. This is a boost from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $2.72 dividend on an annualized basis and a yield of 1.14%. Microsoft’s dividend payout ratio is presently 25.73%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the company. Wolfe Research dropped their price target on Microsoft from $320.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, July 29th. Itau BBA Securities initiated coverage on Microsoft in a research report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price target on the stock. Piper Sandler dropped their target price on Microsoft from $352.00 to $312.00 and set an “overweight” rating on the stock in a report on Friday, July 8th. Barclays dropped their target price on Microsoft from $363.00 to $335.00 and set an “overweight” rating on the stock in a report on Friday, June 10th. Finally, Wedbush dropped their target price on Microsoft from $340.00 to $320.00 and set an “outperform” rating on the stock in a report on Wednesday, July 27th. Two investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $334.31.
Insiders Place Their Bets
In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the company’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $266.25, for a total value of $1,331,250.00. Following the completion of the sale, the chief marketing officer now owns 109,837 shares in the company, valued at $29,244,101.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.05% of the company’s stock.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.
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