2 weeks Ago By ABMN Staff
Gilliland Jeter Wealth Management LLC reduced its stake in Microsoft Co. ( NASDAQ:MSFT – Free Report ) by 2.1% during the second quarter, according to the company in its most recent 13F filing with the SEC.
The firm owned 23,160 shares of the software giant’s stock after selling 505 shares during the quarter. Microsoft makes up approximately 3.5% of Gilliland Jeter Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest position.
Gilliland Jeter Wealth Management LLC’s holdings in Microsoft were worth $10,351,000 as of its most recent filing with the SEC. A number of other institutional investors also recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Microsoft in the fourth quarter valued at about $35,920,047,000.
Vanguard Group Inc. lifted its position in shares of Microsoft by 2.4% in the fourth quarter.
Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock valued at $250,032,357,000 after acquiring an additional 15,701,937 shares in the last quarter. Swedbank AB purchased a new position in shares of Microsoft in the first quarter valued at about $5,587,119,000.
TCI Fund Management Ltd. purchased a new position in shares of Microsoft in the fourth quarter valued at about $4,000,376,000. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Microsoft by 77.
6% in the first quarter. Canada Pension Plan Investment Board now owns 6,281,925 shares of the software giant’s stock worth $2,642,931,000 after purchasing an additional 2,744,900 shares during the last quarter. 71.
13% of the stock is owned by institutional investors. Microsoft Stock Down 0.8 % Shares of NASDAQ MSFT opened at $428.
02 on Friday. The stock has a 50 day moving average price of $419.69 and a 200 day moving average price of $424.
76. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.
27 and a current ratio of 1.27. The firm has a market capitalization of $3.
18 trillion, a price-to-earnings ratio of 37.06, a PEG ratio of 2.30 and a beta of 0.
90. Microsoft Co. has a 52-week low of $309.
45 and a 52-week high of $468.35. Microsoft declared that its board has initiated a stock repurchase plan on Monday, September 16th that permits the company to repurchase $60.
00 billion in outstanding shares. This repurchase authorization permits the software giant to purchase up to 1.9% of its shares through open market purchases.
Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued. Microsoft Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.
83 per share. The ex-dividend date is Thursday, November 21st. This represents a $3.
32 dividend on an annualized basis and a yield of 0.78%. This is a positive change from Microsoft’s previous quarterly dividend of $0.
75. Microsoft’s dividend payout ratio is currently 25.97%.
Insiders Place Their Bets In other news, insider Bradford L. Smith sold 40,000 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $402.
59, for a total transaction of $16,103,600.00. Following the transaction, the insider now directly owns 544,847 shares of the company’s stock, valued at $219,349,953.
73. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website . In other news, EVP Kathleen T.
Hogan sold 17,378 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $411.85, for a total transaction of $7,157,129.
30. Following the transaction, the executive vice president now directly owns 150,161 shares of the company’s stock, valued at $61,843,807.85.
The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website . Also, insider Bradford L. Smith sold 40,000 shares of the company’s stock in a transaction on Monday, September 9th.
The stock was sold at an average price of $402.59, for a total value of $16,103,600.00.
Following the transaction, the insider now directly owns 544,847 shares in the company, valued at $219,349,953.73. The disclosure for this sale can be found here .
Insiders sold a total of 190,629 shares of company stock worth $77,916,485 over the last 90 days. Company insiders own 0.03% of the company’s stock.
Analysts Set New Price Targets Several equities research analysts have recently issued reports on the company. Bank of America lifted their target price on Microsoft from $480.00 to $510.
00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Argus lifted their target price on Microsoft from $475.00 to $526.
00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Wells Fargo & Company lifted their target price on Microsoft from $500.00 to $515.
00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Piper Sandler reaffirmed an “overweight” rating and issued a $485.00 target price on shares of Microsoft in a report on Wednesday, July 31st.
Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock.
Based on data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and an average target price of $493.94.
Read Our Latest Analysis on MSFT 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. Read More Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Microsoft Co. ( NASDAQ:MSFT – Free Report ). 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.
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