One Degree Advisors Inc grew its position in Microsoft Corporation (NASDAQ:MSFT – Free Report) by 26.3% during the second quarter, Holdings Channel reports. The firm owned 3,215 shares of the software giant’s stock after acquiring an additional 670 shares during the period. Microsoft makes up approximately 0.6% of One Degree Advisors Inc’s portfolio, making the stock its 29th largest position. One Degree Advisors Inc’s holdings in Microsoft were worth $1,599,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Microsoft by 1.1% in the first quarter. Vanguard Group Inc. now owns 691,386,214 shares of the software giant’s stock worth $259,539,471,000 after acquiring an additional 7,314,509 shares during the period. Kingstone Capital Partners Texas LLC lifted its position in Microsoft by 564,387.1% during 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 purchasing an additional 90,533,328 shares during the period. Northern Trust Corp boosted its holdings in Microsoft by 16.1% in 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 purchasing an additional 11,600,470 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Microsoft by 3.8% during the 1st 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 purchasing an additional 2,306,485 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Microsoft by 9.8% during 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 valued at $25,273,704,000 after buying an additional 5,370,546 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.
Microsoft Stock Performance
NASDAQ:MSFT opened at $497.10 on Friday. 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 stock has a market capitalization of $3.69 trillion, a PE ratio of 35.36, a P/E/G ratio of 2.36 and a beta of 1.02. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $555.45. The company has a fifty day moving average of $514.07 and a two-hundred day moving average of $490.60.
Microsoft Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, November 20th. This is a positive change from Microsoft’s previous quarterly dividend of $0.83. Microsoft’s payout ratio is currently 25.89%.
Wall Street Analyst Weigh In
A number of analysts have recently commented on MSFT shares. Wedbush restated an “outperform” rating and issued a $625.00 target price on shares of Microsoft in a research note on Wednesday, October 22nd. Raymond James Financial lowered their price objective on Microsoft from $630.00 to $600.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Evercore ISI set a $640.00 target price on shares of Microsoft in a report on Thursday, October 30th. Scotiabank boosted their target price on shares of Microsoft from $500.00 to $650.00 and gave the company a “sector outperform” rating in a research note on Thursday, July 31st. Finally, KeyCorp restated an “overweight” rating on shares of Microsoft in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $634.59.
Check Out Our Latest Analysis on Microsoft
Insiders Place Their Bets
In other news, insider Bradford L. Smith sold 38,500 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $518.64, for a total transaction of $19,967,640.00. Following the transaction, the insider directly owned 461,597 shares in the company, valued at $239,402,668.08. The trade was a 7.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Takeshi Numoto sold 4,850 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $527.32, for a total value of $2,557,502.00. Following the completion of the sale, the executive vice president owned 39,111 shares of the company’s stock, valued at $20,624,012.52. This trade represents a 11.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 192,555 shares of company stock valued at $97,840,842 in the last ninety days. 0.03% of the stock is currently owned by corporate insiders.
About Microsoft
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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