Phoenix Wealth Advisors cut its position in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 1.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,595 shares of the software giant’s stock after selling 332 shares during the period. Microsoft comprises 3.5% of Phoenix Wealth Advisors’ portfolio, making the stock its 4th biggest position. Phoenix Wealth Advisors’ holdings in Microsoft were worth $5,992,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in MSFT. Moneta Group Investment Advisors LLC grew its holdings in shares of Microsoft by 112,158.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock valued at $36,017,948,000 after buying an additional 150,053,637 shares during the last quarter. Norges Bank purchased a new stake in shares of Microsoft during the 4th quarter worth about $20,700,525,000. Aaron Wealth Advisors LLC increased its position in shares of Microsoft by 35,465.9% in the first quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock valued at $66,852,000 after buying an additional 20,553,188 shares in the last quarter. Providence Capital Advisors LLC lifted its holdings in Microsoft by 29,789.2% during the first quarter. Providence Capital Advisors LLC now owns 16,570,893 shares of the software giant’s stock valued at $57,477,000 after purchasing an additional 16,515,452 shares in the last quarter. Finally, Morgan Stanley lifted its stake in Microsoft by 14.0% in the 4th quarter. Morgan Stanley now owns 119,417,954 shares of the software giant’s stock valued at $28,638,815,000 after buying an additional 14,652,150 shares in the last quarter. 69.20% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, EVP Kathleen T. Hogan sold 26,815 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $327.37, for a total transaction of $8,778,426.55. Following the completion of the transaction, the executive vice president now directly owns 198,373 shares of the company’s stock, valued at approximately $64,941,369.01. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Satya Nadella sold 38,234 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $328.43, for a total value of $12,557,192.62. Following the sale, the chief executive officer now directly owns 800,668 shares in the company, valued at $262,963,391.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kathleen T. Hogan sold 26,815 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $327.37, for a total value of $8,778,426.55. Following the sale, the executive vice president now directly owns 198,373 shares in the company, valued at approximately $64,941,369.01. The disclosure for this sale can be found here. Over the last quarter, insiders sold 115,049 shares of company stock worth $38,195,619. Insiders own 0.03% of the company’s stock.
Analyst Ratings Changes
View Our Latest Research Report on MSFT
Microsoft Price Performance
MSFT stock opened at $313.64 on Friday. The company has a market cap of $2.33 trillion, a price-to-earnings ratio of 32.37, a PEG ratio of 2.30 and a beta of 0.90. The company has a current ratio of 1.77, a quick ratio of 1.75 and a debt-to-equity ratio of 0.20. The firm has a 50 day moving average of $327.59 and a 200-day moving average of $317.25. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $366.78.
Microsoft (NASDAQ:MSFT – Get Free Report) last posted its earnings results on Tuesday, July 25th. The software giant reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.14. Microsoft had a return on equity of 38.70% and a net margin of 34.15%. The company had revenue of $56.19 billion for the quarter, compared to the consensus estimate of $55.49 billion. During the same period in the previous year, the business earned $2.23 earnings per share. Microsoft’s quarterly revenue was up 8.3% compared to the same quarter last year. As a group, equities analysts expect that Microsoft Co. will post 10.9 EPS for the current fiscal year.
Microsoft Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.75 per share. This is an increase from Microsoft’s previous quarterly dividend of $0.68. This represents a $3.00 annualized dividend and a yield of 0.96%. The ex-dividend date is Wednesday, November 15th. Microsoft’s dividend payout ratio (DPR) is 28.07%.
Microsoft Company 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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