Priebe Wealth Holdings LLC reduced its holdings in Microsoft Corporation (NASDAQ:MSFT – Free Report) by 79.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 494 shares of the software giant’s stock after selling 1,960 shares during the quarter. Priebe Wealth Holdings LLC’s holdings in Microsoft were worth $246,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of MSFT. Vanguard Group Inc. boosted its position in Microsoft by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 691,386,214 shares of the software giant’s stock valued at $259,539,471,000 after purchasing an additional 7,314,509 shares during the period. Kingstone Capital Partners Texas LLC lifted its stake in Microsoft by 564,387.1% in the second quarter. Kingstone Capital Partners Texas LLC now owns 90,549,369 shares of the software giant’s stock valued at $45,040,162,000 after buying an additional 90,533,328 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Microsoft by 16.1% during the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant’s stock valued at $35,316,535,000 after acquiring an additional 11,600,470 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Microsoft by 3.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 62,267,822 shares of the software giant’s stock worth $23,374,718,000 after acquiring an additional 2,306,485 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Microsoft by 9.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,961,337 shares of the software giant’s stock worth $25,273,704,000 after acquiring an additional 5,370,546 shares during the period. Institutional investors own 71.13% of the company’s stock.
Microsoft Stock Up 1.8%
MSFT opened at $506.00 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.35 and a current ratio of 1.35. The company has a market capitalization of $3.76 trillion, a PE ratio of 35.99, a P/E/G ratio of 2.36 and a beta of 1.02. The stock’s fifty day moving average is $513.86 and its 200-day moving average is $494.10. Microsoft Corporation has a one year low of $344.79 and a one year high of $555.45.
Microsoft Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be paid a dividend of $0.91 per share. This is a boost from Microsoft’s previous quarterly dividend of $0.83. This represents a $3.64 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, November 20th. Microsoft’s dividend payout ratio (DPR) is currently 25.89%.
Insider Buying and Selling
In other Microsoft news, insider Bradford L. Smith sold 38,500 shares of Microsoft stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $518.64, for a total value of $19,967,640.00. Following the transaction, the insider owned 461,597 shares in the company, valued at approximately $239,402,668.08. The trade was a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Satya Nadella sold 149,205 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $504.78, for a total value of $75,315,699.90. Following the completion of the transaction, the chief executive officer directly owned 790,852 shares in the company, valued at $399,206,272.56. This represents a 15.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.03% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on MSFT shares. Royal Bank Of Canada set a $640.00 target price on shares of Microsoft in a research note on Wednesday, October 29th. Sanford C. Bernstein increased their price objective on Microsoft from $637.00 to $645.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Barclays restated an “overweight” rating and issued a $625.00 target price on shares of Microsoft in a research report on Friday, August 29th. Melius Research lifted their target price on Microsoft from $595.00 to $625.00 in a research note on Thursday, September 25th. Finally, UBS Group reissued a “buy” rating and issued a $650.00 price target on shares of Microsoft in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Microsoft has a consensus rating of “Buy” and a consensus target price of $634.47.
Read Our Latest Research Report on MSFT
Microsoft Profile
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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