Why Do You Need To Add Microsoft Corporation (MSFT) To Your Portfolio?

Microsoft Corporation (NASDAQ:MSFT) has a beta value of 0.90 and has seen 8.33 million shares traded in the recent trading session. The company, currently valued at $3169.56B, closed the recent trade at $426.31 per share which meant it gained $7.52 on the day or 1.80% during that session. The MSFT stock price is -9.86% off its 52-week high price of $468.35 and 14.87% above the 52-week low of $362.90. If we look at the company’s 10-day average daily trading volume, we find that it stood at 23.47 million shares traded. The 3-month trading volume is 19.77 million shares.

The consensus among analysts is that Microsoft Corporation (MSFT) is Buy stock at the moment, with a recommendation rating of 1.27. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 40 have rated it as a Hold, with 34 advising it as a Buy. 1 have rated the stock as Underweight.

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Microsoft Corporation (NASDAQ:MSFT) trade information

Sporting 1.80% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the MSFT stock price touched $426.31 or saw a rise of 0.22%. Year-to-date, Microsoft Corporation shares have moved 13.37%, while the 5-day performance has seen it change 2.04%. Over the past 30 days, the shares of Microsoft Corporation (NASDAQ:MSFT) have changed -0.07%. Short interest in the company has seen 62.52 million shares shorted with days to cover at 3.28.

Wall Street analysts have a consensus price target for the stock at $475, which means that the shares’ value could jump 10.25% from the levels at last check today. The projected low price target is $232.0 while the price target rests at a high of $600.0. In that case, then, we find that the latest price level in today’s session is -40.74% off the targeted high while a plunge would see the stock lose 45.58% from the levels at last check today.

Microsoft Corporation (MSFT) estimates and forecasts

Figures show that Microsoft Corporation shares have underperformed across the wider relevant industry. The company’s shares have lost -0.67% over the past 6 months, with this year growth rate of 9.58%, compared to 17.10% for the industry.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 18.45% over the past 5 years. Earnings growth for 2024 is a modest 11.00% while over the next 5 years, the company’s earnings are expected to increase by 13.74%.

MSFT Dividends

Microsoft Corporation is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 3.08 at a share yield of 0.72%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 0.88%.

Microsoft Corporation (NASDAQ:MSFT)’s Major holders

Insiders own 0.06% of the company shares, while shares held by institutions stand at 73.54% with a share float percentage of 73.58%. Investors are also buoyed by the number of investors in a company, with Microsoft Corporation having a total of 6960.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 675.91 million shares worth more than $302.1 billion. As of 2024-06-30, VANGUARD GROUP INC held 9.0958% of shares outstanding.

The other major institutional holder is BLACKROCK INC., with the holding of over 553.98 million shares as of 2024-06-30. The firm’s total holdings are worth over $247.6 billion and represent 7.4549% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Jun 30, 2024, the former fund manager holds about 3.16% shares in the company for having 234.79 shares of worth $99.98 billion while later fund manager owns 190.76 shares of worth $81.23 billion as of Jun 30, 2024, which makes it owner of about 2.57% of company’s outstanding stock.