BlueSky Wealth Advisors LLC lowered its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 4.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,690 shares of the software giant’s stock after selling 70 shares during the period. BlueSky Wealth Advisors LLC’s holdings in Microsoft were worth $434,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of MSFT. Aaron Wealth Advisors LLC grew its holdings in Microsoft by 35,465.9% during the 1st quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock valued at $66,852,000 after buying an additional 20,553,188 shares during the last quarter. Vanguard Group Inc. grew its holdings in Microsoft by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock valued at $191,644,927,000 after buying an additional 5,648,095 shares during the last quarter. Swiss National Bank grew its holdings in Microsoft by 13.8% during the 1st quarter. Swiss National Bank now owns 30,893,155 shares of the software giant’s stock valued at $9,524,669,000 after buying an additional 3,757,500 shares during the last quarter. Jennison Associates LLC grew its holdings in Microsoft by 13.2% during the 1st quarter. Jennison Associates LLC now owns 23,092,331 shares of the software giant’s stock valued at $7,119,597,000 after buying an additional 2,696,424 shares during the last quarter. Finally, Verity Asset Management Inc. grew its holdings in Microsoft by 21,811.0% during the 1st quarter. Verity Asset Management Inc. now owns 2,047,582 shares of the software giant’s stock valued at $2,901,000 after buying an additional 2,038,237 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.
Microsoft Stock Down 2.3 %
Shares of NASDAQ MSFT opened at $241.55 on Tuesday. The firm has a market cap of $1.80 trillion, a price-to-earnings ratio of 26.03, a PEG ratio of 2.38 and a beta of 0.92. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $349.67. The stock’s 50-day simple moving average is $239.20 and its 200-day simple moving average is $257.31. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 1.84.
Microsoft Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.13%. This is an increase from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Wednesday, November 16th. Microsoft’s dividend payout ratio (DPR) is 26.72%.
Insider Buying and Selling
In related news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft 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 transaction, the chief marketing officer now directly owns 109,837 shares in the company, valued at $29,244,101.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.03% of the company’s stock.
Wall Street Analyst Weigh In
MSFT has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on Microsoft from $315.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, October 26th. Morgan Stanley decreased their price objective on Microsoft from $325.00 to $307.00 and set an “overweight” rating on the stock in a report on Wednesday, October 26th. Itau BBA Securities started coverage on Microsoft in a report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price objective on the stock. UBS Group set a $300.00 price objective on Microsoft in a report on Monday. Finally, Stifel Nicolaus decreased their price objective on Microsoft from $300.00 to $290.00 and set a “buy” rating on the stock in a report on Wednesday, October 26th. Three investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $300.64.
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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