Microsoft Co. (NASDAQ:MSFT) Stake Raised by Traveka Wealth LLC

Traveka Wealth LLC raised its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 8.1% during the fourth quarter, HoldingsChannel reports. The firm owned 15,685 shares of the software giant’s stock after buying an additional 1,171 shares during the quarter. Microsoft comprises 3.6% of Traveka Wealth LLC’s holdings, making the stock its 5th largest position. Traveka Wealth LLC’s holdings in Microsoft were worth $6,611,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC grew its stake in shares of Microsoft by 48,526.1% during the third quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock valued at $16,567,258,000 after buying an additional 38,422,466 shares during the last quarter. Wulff Hansen & CO. grew its stake in shares of Microsoft by 47,196.6% during the second quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant’s stock valued at $2,160,850,000 after buying an additional 4,824,436 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Microsoft by 2.0% during the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock valued at $70,790,682,000 after buying an additional 3,264,648 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Microsoft by 67.5% during the third quarter. Assenagon Asset Management S.A. now owns 5,963,863 shares of the software giant’s stock valued at $2,566,250,000 after buying an additional 2,404,348 shares during the last quarter. Finally, Baillie Gifford & Co. grew its stake in Microsoft by 46.1% in the third quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant’s stock worth $3,032,859,000 after purchasing an additional 2,222,483 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MSFT has been the topic of several research analyst reports. BMO Capital Markets dropped their price objective on Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Cantor Fitzgerald reissued an “overweight” rating and issued a $509.00 price objective on shares of Microsoft in a research note on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price objective on Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Loop Capital increased their price objective on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Finally, StockNews.com raised Microsoft from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Three research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $510.96.

Insider Buying and Selling

In other Microsoft news, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $423.48, for a total transaction of $423,480.00. Following the completion of the transaction, the chief marketing officer now owns 56,511 shares in the company, valued at approximately $23,931,278.28. This trade represents a 1.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold 8,000 shares of company stock worth $3,493,820 in the last 90 days. Insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT stock opened at $408.25 on Friday. The firm has a market capitalization of $3.03 trillion, a price-to-earnings ratio of 32.87, a price-to-earnings-growth ratio of 2.20 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The business has a fifty day moving average of $425.20 and a 200 day moving average of $422.69. Microsoft Co. has a 1 year low of $385.58 and a 1 year high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period last year, the business posted $2.93 earnings per share. As a group, research analysts expect that Microsoft Co. will post 13.07 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.81%. Microsoft’s dividend payout ratio (DPR) is 26.73%.

Microsoft Company 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.