Shares of Microsoft Co. (NASDAQ:MSFT) acquired by BigSur Wealth Management LLC

VaselineAugust 26, 2024

0 4 minutes read

BigSur Wealth Management LLC raised its stake in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 13.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,673 shares of the software giant’s stock after acquiring an additional 800 shares during the quarter. BigSur Wealth Management LLC’s holdings in Microsoft were worth $2,807,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of MSFT. Financial Security Advisor Inc. raised its position in Microsoft by 1.7% in the fourth quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock valued at $10,255,000 after purchasing an additional 452 shares in the last quarter. Rappaport Reiches Capital Management LLC raised its stake in shares of Microsoft by 14.9% in the fourth quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock worth $3,089,000 after acquiring an additional 1,067 shares during the last quarter. Bayesian Capital Management LP raised its holdings in Microsoft by 60.1% during the 4th quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock worth $18,238,000 after acquiring an additional 18,200 shares in the the last quarter. Warren Street Wealth Advisors LLC raised its holdings in Microsoft by 16.5% during the 4th quarter. Warren Street Wealth Advisors LLC now owns 6,767 shares of the software giant’s stock worth $2,545,000 after acquiring an additional 956 shares during the period. shares in the last quarter. Finally, Czech National Bank boosted its holdings in shares of Microsoft by 0.4% in the first quarter. Czech National Bank now owns 1,307,487 shares of the software giant’s stock valued at $550,086,000 after purchasing an additional 5,253 shares during the last quarter. 71.13% of the shares are currently owned by institutional investors and hedge funds.

Insider buying and selling

In other news, CMO Takeshi Numoto sold 322 shares of Microsoft stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $416.60, for a total transaction of $134,145.20. Following the completion of the sale, the chief marketing officer now directly owns 47,255 shares in the company, valued at approximately $19,686,433. The transaction was disclosed in a legal filing with the SEC, which is available via this hyperlink. 0.03% of shares are held by insiders.

The Wall Street analyst weighs in

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A number of equities analysts have recently commented on MSFT shares. Sanford C. Bernstein upped their target price on shares of Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. UBS Group reduced their price objective on Microsoft from $520.00 to $510.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. TD Cowen boosted their price target on Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Goldman Sachs Group boosted their price target on Microsoft from $450.00 to $515.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, New Street Research started coverage on shares of Microsoft in a report on Monday, June 10th. They set a “buy” rating and a $570.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average target price of $494.72.

See the latest stock report on Microsoft

Microsoft pricing performance

Shares of MSFT stock opened at $416.79 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.23, and a debt-to-equity ratio of 0.16. The stock’s 50-day moving average is $435.06, and its two-hundred-day moving average is $422.70. Microsoft Co. has a twelve month low of $309.45 and a twelve month high of $468.35. The firm has a market cap of $3.10 trillion, a PE ratio of 36.09, a P/E/G ratio of 2.11 and a beta of 0.90.

Microsoft (NASDAQ:MSFT – Get Free Report ) last posted its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. The firm had revenue of $64.73 billion for the quarter, compared to the consensus estimate of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. In the same period last year, the company earned $2.69 per share. Research analysts anticipate that Microsoft Co. will post 13.04 earnings per share for the current year.

Microsoft dividend announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be given a $0.75 dividend. This represents an annualized dividend of $3.00 and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, August 15. Microsoft’s dividend payout ratio (DPR) is 25.97%.

About Microsoft

(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 on-premises licensing, and other office services.