SageView Advisory Group LLC Increases Microsoft Co. Holdings
SageView Advisory Group LLC has increased its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.3% in the third quarter, now owning 46,045 shares valued at approximately $14,539,000. This move makes Microsoft the 18th largest position in SageView Advisory Group LLC’s portfolio. Other institutional investors have also made adjustments to their Microsoft holdings.
Monumental Financial Group Inc. has established a new position during the first quarter worth about $28,000, while Infrastructure Capital Advisors LLC initiated a stake in the second quarter worth roughly $601,000. Hibernia Wealth Partners LLC also made a new investment in the third quarter, valued at about $69,000. Atlantic Private Wealth LLC increased its stake by 534.5% in the second quarter. Additionally, Iron Horse Wealth Management LLC nearly doubled its Microsoft shares in the third quarter.
Despite Microsoft shares being down 0.2% with an opening price of $402.18 recently, analysts remain bullish on the company. Several analysts have issued positive forecasts and target prices, reinforcing the prevailing optimistic outlook for Microsoft.
The stock’s performance, characterized by a current market capitalization of $2.99 trillion and a P/E ratio of 36.36, speaks to its sustained appeal. Microsoft reported a quarterly dividend of $0.75 per share with a dividend yield of 0.75%, showcasing its commitment to returning value to shareholders.
Insider transactions include significant sales by executives, such as Bradford L. Smith selling 45,000 shares at an average price of $411.78, and Kathleen T. Hogan’s sale of 24,681 shares at $369.00 each. Despite this, Microsoft maintains a robust profile in the tech sector, underpinned by steady growth, strategic acquisitions, and a strong dividend policy.
Analyst comment
Positive news: SageView Advisory Group LLC and other institutional investors have increased their holdings in Microsoft. Analysts remain bullish on the company, issuing positive forecasts and target prices. Microsoft has a strong market capitalization, P/E ratio, and dividend policy.
Short analysis: With increased holdings from institutional investors and positive analyst forecasts, Microsoft is likely to experience steady growth in the market. Its strong profile in the tech sector, strategic acquisitions, and commitment to returning value to shareholders will contribute to its continued success.
