2 weeks Ago By ABMN Staff
Clear Creek Financial Management LLC boosted its stake in Microsoft Co. ( NASDAQ:MSFT – Free Report ) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.
The firm owned 26,894 shares of the software giant’s stock after purchasing an additional 645 shares during the quarter. Microsoft makes up 1.5% of Clear Creek Financial Management LLC’s investment portfolio, making the stock its 10th largest position.
Clear Creek Financial Management LLC’s holdings in Microsoft were worth $12,013,000 as of its most recent filing with the Securities & Exchange Commission. A number of other hedge funds have also added to or reduced their stakes in the stock. EWA LLC raised its holdings in shares of Microsoft by 357.
9% in the 4th quarter. EWA LLC now owns 10,252 shares of the software giant’s stock valued at $4,216,000 after acquiring an additional 8,013 shares in the last quarter. Israel Discount Bank of New York increased its position in shares of Microsoft by 1.
0% in the fourth quarter. Israel Discount Bank of New York now owns 8,265 shares of the software giant’s stock worth $3,108,000 after purchasing an additional 85 shares during the last quarter. Orca Investment Management LLC raised its stake in Microsoft by 1.
6% in the fourth quarter. Orca Investment Management LLC now owns 32,921 shares of the software giant’s stock valued at $12,380,000 after purchasing an additional 519 shares in the last quarter. Adell Harriman & Carpenter Inc.
lifted its position in Microsoft by 0.4% during the fourth quarter. Adell Harriman & Carpenter Inc.
now owns 148,535 shares of the software giant’s stock valued at $55,855,000 after purchasing an additional 598 shares during the last quarter. Finally, Altrius Capital Management Inc grew its stake in Microsoft by 6.5% in the 4th quarter.
Altrius Capital Management Inc now owns 783 shares of the software giant’s stock worth $294,000 after buying an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.
Microsoft Trading Down 0.8 % NASDAQ:MSFT opened at $428.02 on Monday.
The company has a 50-day moving average price of $419.51 and a 200-day moving average price of $425.06.
The stock has a market cap of $3.18 trillion, a price-to-earnings ratio of 37.06, a P/E/G ratio of 2.
30 and a beta of 0.90. The company has a current ratio of 1.
27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16.
Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $468.
35. Microsoft Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a $0.
83 dividend. This represents a $3.32 annualized dividend and a yield of 0.
78%. This is a boost from Microsoft’s previous quarterly dividend of $0.75.
The ex-dividend date of this dividend is Thursday, November 21st. Microsoft’s dividend payout ratio is presently 28.74%.
Microsoft announced that its board has authorized a share repurchase plan on Monday, September 16th that permits the company to buyback $60.00 billion in shares. This buyback authorization permits the software giant to purchase up to 1.
9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued. Wall Street Analyst Weigh In Several research firms have recently weighed in on MSFT.
Morgan Stanley restated an “overweight” rating and set a $506.00 price objective on shares of Microsoft in a research report on Tuesday, September 17th. Tigress Financial lifted their price target on Microsoft from $475.
00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, June 13th. Mizuho increased their price objective on Microsoft from $450.
00 to $480.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Truist Financial reissued a “buy” rating and set a $600.
00 price objective on shares of Microsoft in a report on Monday, June 17th. Finally, New Street Research began coverage on Microsoft in a research note on Monday, June 10th. They issued a “buy” rating and a $570.
00 target price for the company. Two equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $493.
94. Get Our Latest Stock Report on Microsoft Insiders Place Their Bets In other news, insider Bradford L. Smith sold 40,000 shares of the company’s stock in a transaction dated Monday, September 9th.
The shares were sold at an average price of $402.59, for a total value of $16,103,600.00.
Following the sale, the insider now directly owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link .
In other news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total value of $1,027,600.
00. Following the sale, the chief marketing officer now directly owns 50,000 shares of the company’s stock, valued at $20,552,000. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink .
Also, insider Bradford L. Smith sold 40,000 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $402.
59, for a total value of $16,103,600.00. Following the transaction, the insider now owns 544,847 shares of the company’s stock, valued at $219,349,953.
73. The disclosure for this sale can be found here . Over the last 90 days, insiders sold 190,629 shares of company stock worth $77,916,485.
0.03% of the stock is owned by corporate insiders. Microsoft Profile ( Free Report ) 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. Further Reading Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter .
.
