2 weeks Ago By ABMN Staff
WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST reduced its stake in Microsoft Co. ( NASDAQ:MSFT – Free Report ) by 11.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC).
The firm owned 1,500,000 shares of the software giant’s stock after selling 200,000 shares during the quarter. Microsoft comprises 8.6% of WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST’s holdings, making the stock its 2nd largest holding.
WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST’s holdings in Microsoft were worth $670,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Morris Financial Concepts Inc.
boosted its position in Microsoft by 0.9% in the fourth quarter. Morris Financial Concepts Inc.
now owns 2,663 shares of the software giant’s stock worth $1,001,000 after purchasing an additional 25 shares during the last quarter. Innova Wealth Partners lifted its position in shares of Microsoft by 0.6% during the 4th quarter.
Innova Wealth Partners now owns 4,239 shares of the software giant’s stock valued at $1,594,000 after buying an additional 25 shares during the last quarter. Arkansas Financial Group Inc. lifted its position in shares of Microsoft by 1.
5% during the 4th quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock valued at $646,000 after buying an additional 25 shares during the last quarter.
Partnership Wealth Management LLC lifted its position in shares of Microsoft by 0.4% during the 1st quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock valued at $2,609,000 after buying an additional 25 shares during the last quarter.
Finally, Johnson Bixby & Associates LLC lifted its position in shares of Microsoft by 0.4% during the 1st quarter. Johnson Bixby & Associates LLC now owns 6,481 shares of the software giant’s stock valued at $2,727,000 after buying an additional 25 shares during the last quarter.
71.13% of the stock is owned by institutional investors and hedge funds. Wall Street Analyst Weigh In A number of research analysts have recently commented on the company.
TD Cowen upped their price target on Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a research report on Thursday, July 18th.
BMO Capital Markets upped their price target on Microsoft from $465.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, July 12th.
New Street Research assumed coverage on Microsoft in a research note on Monday, June 10th. They set a “buy” rating and a $570.00 price objective on the stock.
UBS Group decreased their target price on Microsoft from $520.00 to $510.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st.
Finally, Mizuho upped their target price on Microsoft from $450.00 to $480.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th.
Two research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and an average price target of $494.
72. Microsoft Stock Up 0.6 % MSFT stock opened at $413.
12 on Friday. Microsoft Co. has a 1-year low of $309.
45 and a 1-year high of $468.35. The business has a fifty day moving average price of $432.
99 and a 200-day moving average price of $422.74. The company has a debt-to-equity ratio of 0.
16, a current ratio of 1.27 and a quick ratio of 1.23.
The stock has a market capitalization of $3.07 trillion, a P/E ratio of 35.77, a P/E/G ratio of 2.
11 and a beta of 0.90. Microsoft ( NASDAQ:MSFT – Get Free Report ) last posted its quarterly earnings data on Tuesday, July 30th.
The software giant reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.90 by $0.
05. The company had revenue of $64.73 billion during the quarter, compared to analysts’ expectations of $64.
38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.
96%. Microsoft’s revenue for the quarter was up 15.2% compared to the same quarter last year.
During the same quarter in the prior year, the business earned $2.69 earnings per share. Equities analysts forecast that Microsoft Co.
will post 13.04 earnings per share for the current fiscal year. Microsoft Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th.
Investors of record on Thursday, August 15th will be given a dividend of $0.75 per share. This represents a $3.
00 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, August 15th.
Microsoft’s dividend payout ratio (DPR) is presently 25.97%. Insider Activity at Microsoft In related news, CEO Satya Nadella sold 14,398 shares of the company’s stock in a transaction on Friday, August 23rd.
The stock was sold at an average price of $417.41, for a total transaction of $6,009,869.18.
Following the completion of the sale, the chief executive officer now owns 786,933 shares in the company, valued at $328,473,703.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink .
In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $417.41, for a total value of $6,009,869.
18. Following the completion of the sale, the chief executive officer now owns 786,933 shares in the company, valued at $328,473,703.53.
The sale was disclosed in a document filed with the SEC, which is accessible through this link . Also, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $415.
53, for a total value of $101,389.32. Following the completion of the sale, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.
83. The disclosure for this sale can be found here . 0.
03% of the stock is owned by company 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.
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