Fri Sep 20 08:39:07 UTC 2024: ## Avid Wealth Partners Reduces Microsoft Stake, Other Investors Make Moves

**Seattle, WA – September 20, 2024** – Avid Wealth Partners LLC, an institutional investor, trimmed its Microsoft (MSFT) holdings by 10.4% in the second quarter, according to its recent 13F filing. The firm now owns 2,232 shares of the software giant, representing 0.8% of its portfolio.

This move comes amidst a flurry of activity from other institutional investors. Brendel Financial Advisors LLC initiated a new position in Microsoft worth $3,087,000 during the fourth quarter, while MCF Advisors LLC increased its stake by 0.6% to 32,669 shares valued at $12,285,000.

Legacy Financial Strategies LLC boosted its Microsoft holdings by 2.1%, now owning 7,145 shares worth $2,687,000. Prism Advisors Inc. expanded its stake by 30%, holding 1,286 shares worth $484,000, and Greenwich Wealth Management LLC increased its position by 1% to 52,731 shares valued at $19,829,000.

Overall, institutional investors and hedge funds own 71.13% of Microsoft’s stock.

Despite the recent adjustments in holdings, Microsoft remains a popular stock among investors. The company recently declared a quarterly dividend of $0.83 per share, a boost from the previous $0.75. The dividend payout ratio is 25.97%.

In other Microsoft news, several executives sold shares of the company’s stock in recent transactions. CMO Takeshi Numoto sold 2,500 shares for a total of $1,027,600, while EVP Kathleen T. Hogan sold 17,378 shares for $7,157,129.30.

Analysts remain optimistic about Microsoft, with several rating the stock as a “buy.” The average price target for MSFT is currently $494.72. Microsoft’s financial performance remains strong, with a market capitalization of $3.26 trillion and a price-to-earnings-growth ratio of 2.14.

**This news story is based on information from MarketBeat News and does not constitute investment advice.** It is essential to conduct thorough research and consult with a financial advisor before making any investment decisions.

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