Knuff & Co LLC increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 1.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 60,573 shares of the software giant’s stock after purchasing an additional 1,117 shares during the period. Microsoft accounts for 8.0% of Knuff & Co LLC’s holdings, making the stock its 2nd biggest holding. Knuff & Co LLC’s holdings in Microsoft were worth $26,064,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Christopher J. Hasenberg Inc lifted its holdings in shares of Microsoft by 169.2% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after purchasing an additional 44 shares during the last quarter. Quarry LP purchased a new stake in Microsoft in the second quarter valued at about $45,000. MidAtlantic Capital Management Inc. acquired a new stake in Microsoft in the third quarter worth about $62,000. Innealta Capital LLC purchased a new stake in shares of Microsoft during the second quarter worth about $75,000. Finally, Carolina Wealth Advisors LLC increased its holdings in shares of Microsoft by 10.1% during the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after acquiring an additional 31 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.
Microsoft Price Performance
Shares of NASDAQ MSFT opened at $444.06 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The firm has a fifty day moving average of $430.47 and a 200 day moving average of $425.69. The firm has a market cap of $3.30 trillion, a PE ratio of 36.64, a PEG ratio of 2.40 and a beta of 0.90. Microsoft Co. has a one year low of $385.58 and a one year high of $468.35.
Microsoft Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio is presently 27.39%.
Analysts Set New Price Targets
Several analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Piper Sandler upped their target price on Microsoft from $470.00 to $520.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. The Goldman Sachs Group lowered their price target on Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Sanford C. Bernstein cut their price objective on Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Loop Capital lifted their target price on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Three research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $512.66.
View Our Latest Report on Microsoft
Insider Buying and Selling
In related news, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the transaction, the chief marketing officer now owns 57,511 shares in the company, valued at approximately $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the sale, the executive vice president now owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is owned by corporate insiders.
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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