LifeSteps Financial Inc. increased its position in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 1.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,479 shares of the software giant’s stock after purchasing an additional 179 shares during the period. Microsoft makes up approximately 4.5% of LifeSteps Financial Inc.’s portfolio, making the stock its 4th largest position. LifeSteps Financial Inc.’s holdings in Microsoft were worth $4,590,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in MSFT. Vanguard Group Inc. increased its holdings in Microsoft by 1.0% in the third quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock valued at $147,714,197,000 after buying an additional 6,129,708 shares in the last quarter. State Street Corp increased its holdings in Microsoft by 0.7% in the third quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock valued at $68,824,173,000 after buying an additional 1,951,554 shares in the last quarter. FMR LLC increased its holdings in Microsoft by 0.8% in the first quarter. FMR LLC now owns 200,523,373 shares of the software giant’s stock valued at $57,810,889,000 after buying an additional 1,537,712 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Microsoft by 0.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock valued at $50,302,677,000 after buying an additional 556,020 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC increased its holdings in Microsoft by 112,158.6% in 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 in the last quarter. 69.20% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, EVP Kathleen T. Hogan sold 26,815 shares of the firm’s 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 transaction, the executive vice president now owns 198,373 shares of the company’s stock, valued at approximately $64,941,369.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Satya Nadella sold 38,234 shares of Microsoft stock in a transaction on Friday, September 1st. The shares were sold at an average price of $328.43, for a total transaction of $12,557,192.62. Following the sale, the chief executive officer now owns 800,668 shares of the company’s stock, valued at approximately $262,963,391.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kathleen T. Hogan sold 26,815 shares of Microsoft stock in a transaction on Friday, September 1st. The stock was sold at an average price of $327.37, for a total transaction 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. In the last 90 days, insiders have sold 115,049 shares of company stock valued at $38,195,619. Company insiders own 0.03% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on MSFT
Microsoft Stock Performance
Shares of MSFT stock opened at $321.80 on Tuesday. The company’s fifty day simple moving average is $326.57 and its 200-day simple moving average is $318.77. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $366.78. 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 company has a market cap of $2.39 trillion, a PE ratio of 33.21, a P/E/G ratio of 2.33 and a beta of 0.91.
Microsoft (NASDAQ:MSFT – Get Free Report) last issued its earnings results on Tuesday, July 25th. The software giant reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.14. Microsoft had a net margin of 34.15% and a return on equity of 38.70%. The business had revenue of $56.19 billion for the quarter, compared to the consensus estimate of $55.49 billion. During the same quarter last year, the firm posted $2.23 EPS. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Microsoft Co. will post 10.9 EPS for the current year.
Microsoft Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Wednesday, November 15th. This is an increase from Microsoft’s previous quarterly dividend of $0.68. Microsoft’s dividend payout ratio (DPR) is currently 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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