2 weeks Ago By ABMN Staff
Wooster Corthell Wealth Management Inc. cut its holdings in shares of Microsoft Co. ( NASDAQ:MSFT – Free Report ) by 19.
3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 547 shares of the software giant’s stock after selling 131 shares during the quarter. Wooster Corthell Wealth Management Inc.
’s holdings in Microsoft were worth $245,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bayesian Capital Management LP lifted its holdings in shares of Microsoft by 60.
1% during the 4th quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock worth $18,238,000 after acquiring an additional 18,200 shares during the period. Warren Street Wealth Advisors LLC lifted its stake in Microsoft by 16.
5% during the fourth quarter. Warren Street Wealth Advisors LLC now owns 6,767 shares of the software giant’s stock worth $2,545,000 after purchasing an additional 956 shares during the last quarter. Czech National Bank boosted its holdings in shares of Microsoft by 0.
4% in the 1st quarter. Czech National Bank now owns 1,307,487 shares of the software giant’s stock valued at $550,086,000 after purchasing an additional 5,253 shares in the last quarter. True Link Financial Advisors LLC increased its stake in shares of Microsoft by 296.
7% in the 1st quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock valued at $1,274,000 after purchasing an additional 2,264 shares during the last quarter. Finally, United Advisor Group LLC acquired a new position in shares of Microsoft during the 4th quarter worth $9,538,000.
71.13% of the stock is currently owned by institutional investors and hedge funds. Analysts Set New Price Targets A number of research analysts have issued reports on the company.
Truist Financial reiterated a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research report on Monday, June 17th. Morgan Stanley reiterated an “overweight” rating and set a $506.
00 price objective on shares of Microsoft in a research report on Tuesday, September 17th. New Street Research assumed coverage on shares of Microsoft in a research report on Monday, June 10th. They issued a “buy” rating and a $570.
00 target price on the stock. Bank of America upped their price target on shares of Microsoft from $480.00 to $510.
00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, Citigroup cut their price objective on Microsoft from $520.00 to $500.
00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. Based on data from MarketBeat.
com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $493.94. Insider Activity In related news, CEO Satya Nadella sold 14,398 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link .
In other news, CFO Amy Hood sold 38,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $410.55, for a total transaction of $15,600,900.
00. Following the completion of the sale, the chief financial officer now directly owns 496,369 shares of the company’s stock, valued at $203,784,292.95.
The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink . Also, 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 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 approximately $328,473,703.
53. The disclosure for this sale can be found here . Insiders sold a total of 190,629 shares of company stock worth $77,916,485 in the last three months.
Company insiders own 0.03% of the company’s stock. Microsoft Trading Down 0.
8 % Shares of MSFT stock opened at $428.02 on Monday. Microsoft Co.
has a fifty-two week low of $309.45 and a fifty-two week high of $468.35.
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 stock has a 50 day simple moving average of $419.51 and a two-hundred day simple moving average of $425.
06. The company has a market cap of $3.18 trillion, a P/E ratio of 37.
06, a PEG ratio of 2.30 and a beta of 0.90.
Microsoft ( NASDAQ:MSFT – Get Free Report ) last released its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.
90 by $0.05. The company had revenue of $64.
73 billion during the quarter, compared to analyst estimates of $64.38 billion. Microsoft had a net margin of 35.
96% and a return on equity of 35.95%. Microsoft’s revenue for the quarter was up 15.
2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.69 EPS.
Research analysts forecast that Microsoft Co. will post 13.04 earnings per share for the current year.
Microsoft Increases Dividend The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.83 per share.
This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.78%.
The ex-dividend date of this dividend is Thursday, November 21st. This is a boost from Microsoft’s previous quarterly dividend of $0.75.
Microsoft’s dividend payout ratio is 28.74%. Microsoft announced that its Board of Directors has approved a stock repurchase program on Monday, September 16th that authorizes the company to repurchase $60.
00 billion in shares. This repurchase authorization authorizes the software giant to purchase up to 1.9% of its shares through open market purchases.
Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued. Microsoft Company 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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