Truepoint Inc. grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 47.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 7,538 shares of the software giant’s stock after acquiring an additional 2,413 shares during the quarter. Truepoint Inc.’s holdings in Microsoft were worth $3,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. Christopher J. Hasenberg Inc lifted its position in shares of Microsoft by 35.7% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after buying an additional 25 shares during the last quarter. Quarry LP purchased a new stake in Microsoft during the second quarter valued at about $45,000. MidAtlantic Capital Management Inc. bought a new position in Microsoft during the third quarter worth about $62,000. Innealta Capital LLC purchased a new position in shares of Microsoft in the second quarter worth about $75,000. Finally, Carolina Wealth Advisors LLC raised its position in shares of Microsoft by 10.1% in the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after purchasing an additional 31 shares during the period. 71.13% of the stock is currently owned by institutional investors.
Microsoft Trading Down 6.2 %
Shares of MSFT opened at $414.99 on Friday. The stock has a market capitalization of $3.09 trillion, a P/E ratio of 34.24, a PEG ratio of 2.40 and a beta of 0.90. Microsoft Co. has a twelve month low of $385.58 and a twelve month high of $468.35. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The firm has a fifty day simple moving average of $432.55 and a two-hundred day simple moving average of $424.95.
Microsoft Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.80%. Microsoft’s dividend payout ratio is presently 26.73%.
Insider Buying and Selling
In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $447.41, for a total value of $1,118,525.00. Following the completion of the sale, the chief marketing officer now directly owns 49,352 shares in the company, valued at $22,080,578.32. This trade represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the transaction, the executive vice president now owns 103,366 shares in the company, valued at $43,792,039.56. This trade represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock valued at $17,383,892 over the last quarter. 0.03% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
MSFT has been the subject of several analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. DA Davidson reiterated a “neutral” rating and issued a $425.00 price target on shares of Microsoft in a research report on Thursday. Sanford C. Bernstein dropped their price objective on Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Piper Sandler reaffirmed an “overweight” rating and set a $520.00 target price on shares of Microsoft in a report on Monday. Finally, Loop Capital upped their price target on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $509.72.
View Our Latest Research Report on Microsoft
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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