2 weeks Ago By ABMN Staff
WT Asset Management Ltd reduced its holdings in shares of Microsoft Co. ( NASDAQ:MSFT – Free Report ) by 75.1% in the second quarter, Holdings Channel.
com reports. The fund owned 51,700 shares of the software giant’s stock after selling 155,528 shares during the quarter. Microsoft comprises about 2.
3% of WT Asset Management Ltd’s portfolio, making the stock its 14th largest holding. WT Asset Management Ltd’s holdings in Microsoft were worth $23,107,000 as of its most recent filing with the SEC. Other large investors also recently bought and sold shares of the company.
EWA LLC raised its holdings in Microsoft by 357.9% in the fourth quarter. EWA LLC now owns 10,252 shares of the software giant’s stock worth $4,216,000 after purchasing an additional 8,013 shares in the last quarter.
Israel Discount Bank of New York grew its holdings in shares of Microsoft by 1.0% during the fourth quarter. Israel Discount Bank of New York now owns 8,265 shares of the software giant’s stock valued at $3,108,000 after buying an additional 85 shares during the last quarter.
Orca Investment Management LLC increased its holdings in shares of 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 during the period.
Adell Harriman & Carpenter Inc. increased its holdings in Microsoft by 0.4% in the 4th quarter.
Adell Harriman & Carpenter Inc. now owns 148,535 shares of the software giant’s stock worth $55,855,000 after buying an additional 598 shares during the period. Finally, Altrius Capital Management Inc raised its holdings in shares of Microsoft by 6.
5% during the fourth quarter. Altrius Capital Management Inc now owns 783 shares of the software giant’s stock worth $294,000 after purchasing an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 71.
13% of the company’s stock. Microsoft Stock Performance Shares of NASDAQ MSFT opened at $428.02 on Monday.
Microsoft Co. has a one year low of $309.45 and a one year high of $468.
35. The business’s 50-day moving average price is $419.51 and its two-hundred day moving average price is $425.
06. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.
27 and a quick ratio of 1.27. The company has a market capitalization of $3.
18 trillion, a P/E ratio of 37.06, a price-to-earnings-growth ratio of 2.30 and a beta of 0.
90. Microsoft Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a dividend of $0.
83 per share. This is an increase from Microsoft’s previous quarterly dividend of $0.75.
This represents a $3.32 annualized dividend and a dividend yield of 0.78%.
The ex-dividend date is Thursday, November 21st. Microsoft’s dividend payout ratio is currently 28.74%.
Microsoft announced that its Board of Directors has approved a share repurchase program on Monday, September 16th that authorizes the company to buyback $60.00 billion in outstanding shares. This buyback authorization authorizes the software giant to reacquire up to 1.
9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued. Wall Street Analysts Forecast Growth Several research firms have recently issued reports on MSFT.
Morgan Stanley reissued an “overweight” rating and set a $506.00 target price on shares of Microsoft in a research note on Tuesday, September 17th. Citigroup dropped their target price on shares of Microsoft from $520.
00 to $500.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Tigress Financial lifted their price objective on Microsoft from $475.
00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Wells Fargo & Company boosted their target price on shares of Microsoft from $500.
00 to $515.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, UBS Group lowered their target price on shares of Microsoft from $520.
00 to $510.00 and set a “buy” rating for the company in a research note 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.
According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $493.94.
Get Our Latest Report on Microsoft Insider Activity at Microsoft In other news, CEO Satya Nadella sold 14,398 shares of the firm’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 sale, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at $328,473,703.53.
The sale was disclosed in a document filed with the SEC, which is available at the SEC website . In related news, CEO Satya Nadella sold 14,398 shares of the stock in a transaction dated Friday, August 23rd. The shares were 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link . Also, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction that occurred 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 in the company, valued at approximately $20,552,000. The disclosure for this sale can be found here . In the last three months, insiders have sold 190,629 shares of company stock worth $77,916,485.
0.03% of the stock is owned by 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. Featured Articles 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.com's FREE daily email newsletter .
.
