Kure Advisory LLC Buys New Position in Microsoft Corporation (NASDAQ:MSFT)

Kure Advisory LLC bought a new stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,692 shares of the software giant's stock, valued at approximately $635,000. Microsoft makes up approximately 0.5% of Kure Advisory LLC's investment portfolio, making the stock its 22nd largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Microsoft by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock worth $288,336,224,000 after buying an additional 10,431,988 shares during the period. Geode Capital Management LLC raised its stake in shares of Microsoft by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 168,128,024 shares of the software giant's stock worth $70,720,874,000 after purchasing an additional 3,103,212 shares during the last quarter. Norges Bank purchased a new stake in shares of Microsoft in the fourth quarter worth approximately $44,343,058,000. Northern Trust Corp raised its stake in shares of Microsoft by 16.1% in the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock worth $35,316,535,000 after purchasing an additional 11,600,470 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Microsoft by 9.8% in the fourth 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 worth $25,273,704,000 after purchasing an additional 5,370,546 shares during the last quarter. Institutional investors own 71.13% of the company's stock.

Analyst Ratings Changes

MSFT has been the subject of several analyst reports. Jefferies Financial Group increased their price objective on Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Westpark Capital reissued a "hold" rating on shares of Microsoft in a research note on Thursday, May 1st. Citigroup increased their price objective on Microsoft from $540.00 to $605.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. DA Davidson increased their price objective on Microsoft from $450.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Finally, Mizuho increased their price objective on Microsoft from $475.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $521.14.

Microsoft Price Performance

Microsoft stock opened at $495.94 on Monday. Microsoft Corporation has a one year low of $344.79 and a one year high of $499.30. The business has a fifty day moving average price of $449.47 and a 200-day moving average price of $421.74. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. The firm has a market capitalization of $3.69 trillion, a P/E ratio of 38.33, a PEG ratio of 2.52 and a beta of 1.03.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The firm had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. During the same period last year, the company earned $2.94 earnings per share. The business's revenue for the quarter was up 13.3% on a year-over-year basis. As a group, equities research analysts forecast that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.67%. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

Insider Buying and Selling

In other Microsoft news, EVP Takeshi Numoto sold 1,000 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $460.01, for a total transaction of $460,010.00. Following the sale, the executive vice president now owns 47,058 shares in the company, valued at $21,647,150.58. This trade represents a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total value of $9,756,055.00. Following the sale, the executive vice president now owns 134,888 shares in the company, valued at $61,208,127.76. The trade was a 13.75% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 135,743 shares of company stock worth $60,224,683. Corporate insiders own 0.03% of the company's stock.

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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