Price Target Revision
Analysts have boosted Microsoft’s (NasdaqGS:MSFT) one-year price target to an impressive 465.38 / share, marking a robust increase of 9.54% from the earlier projection dated January 16, 2024.
The range of latest targets spans from a modest 301.08 to an ambitious 573.76 / share. The average price target shows a substantial surge of 13.05% from the most recent closing price of 411.65 / share.
Dividend Declaration
Microsoft declared a healthy regular quarterly dividend of $0.75 per share ($3.00 annualized) on November 28, 2023. Shareholders of record as of February 15, 2024, will enjoy the payout on March 14, 2024.
At the current share price of $411.65 / share, the stock’s dividend yield stands at a commendable 0.73%. Reflecting on a five-year span with weekly samplings, the dividend yield has ranged from a low of 0.72% to a high of 1.65%, with an average of 1.04%. Notably, the current yield is 1.31 standard deviations below the historical average.
Fund Sentiment and Shareholder Actions
An impressive 7442 funds or institutions have reported positions in Microsoft, representing a 4.10% increase in the last quarter. The average portfolio weight dedicated to MSFT across all funds stands at 3.77%, marking a substantial rise of 3.13%.
The total shares owned by institutions have escalated by 1.10% in the last three months, reaching 6,027,228K shares. The put/call ratio of MSFT stands at 0.95, signaling a bullish outlook.
Shareholder Movements
Vanguard Total Stock Market Index Fund Investor Shares holding 231,355K shares decreased its portfolio allocation in MSFT by 3.98% in the last quarter.
Vanguard 500 Index Fund Investor Shares, with 178,542K shares, increased its ownership by 0.84% over the same period.
Geode Capital Management, with 154,271K shares, heightened its portfolio allocation by 6.66% recently.
Price T Rowe Associates cut its stake by 5.20% but raised its portfolio allocation by 3.80% over the last quarter.
Jpmorgan Chase, having 124,051K shares, increased its ownership by 10.34% in recent months.
Microsoft’s Vision
Microsoft is on a mission to enable digital transformation in the era of an intelligent cloud and an intelligent edge. Their goal is to empower every individual and organization worldwide to achieve more.
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