2 weeks Ago By ABMN Staff
Levy Wealth Management Group LLC increased its stake in Microsoft Co. ( NASDAQ:MSFT – Free Report ) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor owned 11,965 shares of the software giant’s stock after purchasing an additional 41 shares during the quarter. Microsoft makes up 1.4% of Levy Wealth Management Group LLC’s investment portfolio, making the stock its 11th largest holding.
Levy Wealth Management Group LLC’s holdings in Microsoft were worth $5,348,000 as of its most recent filing with the Securities and Exchange Commission. Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pettinga Financial Advisors LLC boosted its position in shares of Microsoft by 8.
3% in the second quarter. Pettinga Financial Advisors LLC now owns 7,640 shares of the software giant’s stock worth $3,415,000 after buying an additional 586 shares during the period. Destiny Wealth Partners LLC lifted its stake in Microsoft by 4.
3% in the 2nd quarter. Destiny Wealth Partners LLC now owns 30,907 shares of the software giant’s stock worth $13,814,000 after acquiring an additional 1,280 shares in the last quarter. Community Financial Services Group LLC boosted its position in Microsoft by 1.
6% during the 2nd quarter. Community Financial Services Group LLC now owns 71,000 shares of the software giant’s stock worth $31,733,000 after acquiring an additional 1,129 shares during the period. Field & Main Bank grew its stake in Microsoft by 0.
4% during the 2nd quarter. Field & Main Bank now owns 60,651 shares of the software giant’s stock valued at $27,108,000 after acquiring an additional 271 shares in the last quarter. Finally, Harbor Advisory Corp MA increased its holdings in shares of Microsoft by 7.
5% in the 2nd quarter. Harbor Advisory Corp MA now owns 15,453 shares of the software giant’s stock valued at $6,907,000 after purchasing an additional 1,076 shares during the period. Institutional investors and hedge funds own 71.
13% of the company’s stock. Analyst Upgrades and Downgrades MSFT has been the topic of a number of research analyst reports. TD Cowen boosted their price objective on shares of Microsoft from $470.
00 to $495.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. UBS Group dropped their price target on shares of Microsoft from $520.
00 to $510.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Truist Financial reissued a “buy” rating and set a $600.
00 price objective on shares of Microsoft in a research report on Monday, June 17th. Piper Sandler reaffirmed an “overweight” rating and issued a $485.00 target price on shares of Microsoft in a research report on Wednesday, July 31st.
Finally, Wells Fargo & Company raised their price target on Microsoft from $500.00 to $515.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st.
Two research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $493.94.
Microsoft Stock Performance NASDAQ:MSFT opened at $428.02 on Monday. The firm’s 50-day moving average is $419.
51 and its 200-day moving average is $425.06. The company has a market cap of $3.
18 trillion, a price-to-earnings ratio of 37.06, a PEG ratio of 2.30 and a beta of 0.
90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.
27 and a current ratio of 1.27. Microsoft Co.
has a 52-week low of $309.45 and a 52-week high of $468.35.
Microsoft ( NASDAQ:MSFT – Get Free Report ) last issued its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.
90 by $0.05. Microsoft had a return on equity of 35.
95% and a net margin of 35.96%. The firm had revenue of $64.
73 billion for the quarter, compared to analyst estimates of $64.38 billion. During the same period in the previous year, the company posted $2.
69 earnings per share. The company’s quarterly revenue was up 15.2% compared to the same quarter last year.
Equities research analysts anticipate that Microsoft Co. will post 13.04 earnings per share for the current year.
Microsoft Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a $0.83 dividend.
This is a boost from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.
32 annualized dividend and a yield of 0.78%. The ex-dividend date is Thursday, November 21st.
Microsoft’s dividend payout ratio (DPR) is 28.74%. Microsoft announced that its board has authorized a stock buyback program on Monday, September 16th that permits the company to buyback $60.
00 billion in shares. This buyback authorization permits the software giant to reacquire up to 1.9% of its shares through open market purchases.
Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued. Insiders Place Their Bets In other news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $411.
04, for a total value of $1,027,600.00. Following the completion of the transaction, the chief marketing officer now owns 50,000 shares in the company, valued at approximately $20,552,000.
The sale was disclosed in a filing with the SEC, which is available at this link . In related news, CMO Takeshi Numoto sold 2,500 shares of the business’s 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 owns 50,000 shares of the company’s stock, valued at approximately $20,552,000.
The sale was disclosed in a legal filing with the SEC, which is available through this link . Also, insider Bradford L. Smith sold 40,000 shares of the 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 owns 544,847 shares of the company’s stock, valued at $219,349,953.73. The disclosure for this sale can be found here .
Insiders have sold 190,629 shares of company stock worth $77,916,485 over the last 90 days. Corporate insiders own 0.03% of the company’s stock.
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. Featured Stories 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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