Several hedge funds have recently bought and sold Microsoft shares. Rebalance LLC increased its stake by 0.7%, now holding 3,451 shares worth $1,542,000 after buying 24 shares. First National Bank Sioux Falls raised its stake by 0.4% to 6,340 shares valued at $2,834,000 after a similar purchase. Partnership Wealth Management LLC and Doheny Asset Management CA both boosted their holdings by 0.4% as well. Flagship Private Wealth LLC upped its position by 2.8%, owning 913 shares now worth $408,000. Overall, institutional investors own 71.13% of Microsoft stock.
Insider Activity at Microsoft
Recently, CMO Takeshi Numoto sold 2,500 shares for $1,027,600, reducing his stake to 50,000 shares valued at about $20,552,000. CEO Satya Nadella sold 78,353 shares totaling $32,017,386.39, maintaining a holding of 864,327 shares worth approximately $353 million. Insiders have sold a total of 190,629 shares in the last 90 days, accounting for 0.03% of the company.
Analysts Set New Price Targets
Microsoft’s stock has been evaluated by several analysts. Mizuho raised its target from $450 to $480. Oppenheimer downgraded it to a “market perform” rating, while Morgan Stanley maintained an “overweight” rating with a $506 target. Goldman Sachs lowered its target from $515 to $500, keeping a “buy” rating. Wedbush set a target of $550. Currently, there are 30 buy ratings and 3 hold ratings for Microsoft, averaging a “Moderate Buy” with a target price of $493.47.
Microsoft Trading Down 0.6%
MSFT shares opened at $416.12. The company has a market cap of $3.09 trillion, a P/E ratio of 36.03, and a PEG ratio of 2.22. Its 1-year range is from $324.39 to $468.35. Recently, Microsoft reported $2.95 EPS, exceeding expectations, with revenue of $64.73 billion, up 15.2% year-over-year. Analysts forecast 13.02 EPS for the year.
On September 16th, Microsoft announced a $60 billion stock buyback plan, indicating the board’s belief that shares are undervalued.
Microsoft Increases Dividend
The company will pay a quarterly dividend of $0.83 on December 12th, up from $0.75 previously, with a current yield of 0.80% and a payout ratio of 28.74%.
About Microsoft
(Free Report) Microsoft develops software and offers services globally, including Microsoft 365 and related applications.
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