AdvisorNet Financial Inc decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,573 shares of the software giant’s stock after selling 926 shares during the quarter. Microsoft comprises about 2.1% of AdvisorNet Financial Inc’s investment portfolio, making the stock its 3rd largest position. AdvisorNet Financial Inc’s holdings in Microsoft were worth $24,033,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Microsoft by 1.0% during 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 acquiring an additional 6,129,708 shares during the last quarter. State Street Corp increased its position in Microsoft by 0.7% during 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 acquiring an additional 1,951,554 shares during the last quarter. FMR LLC increased its position in Microsoft by 0.8% during the first quarter. FMR LLC now owns 200,523,373 shares of the software giant’s stock valued at $57,810,889,000 after acquiring an additional 1,537,712 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Microsoft by 0.3% during 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 acquiring an additional 556,020 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC increased its position in 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 acquiring an additional 150,053,637 shares during the last quarter. Hedge funds and other institutional investors own 69.20% of the company’s stock.
Insider Transactions at Microsoft
In related news, EVP Kathleen T. Hogan sold 26,815 shares of Microsoft 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 owns 198,373 shares of the company’s stock, valued at approximately $64,941,369.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 value 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kathleen T. Hogan sold 26,815 shares of Microsoft stock in a transaction 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 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. Insiders have sold 115,049 shares of company stock valued at $38,195,619 in the last 90 days. 0.03% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Check Out Our Latest Research Report on MSFT
Microsoft Stock Performance
Shares of Microsoft stock opened at $321.80 on Tuesday. The firm has a market capitalization of $2.39 trillion, a P/E ratio of 33.21, a PEG ratio of 2.33 and a beta of 0.91. The company has a quick ratio of 1.75, a current ratio of 1.77 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average price of $326.57 and a 200 day moving average price of $318.77. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $366.78.
Microsoft (NASDAQ:MSFT – Get Free Report) last announced its quarterly earnings data on Tuesday, July 25th. The software giant reported $2.69 EPS for the quarter, beating the consensus estimate of $2.55 by $0.14. The firm had revenue of $56.19 billion during the quarter, compared to analyst estimates of $55.49 billion. Microsoft had a net margin of 34.15% and a return on equity of 38.70%. Microsoft’s revenue was up 8.3% on a year-over-year basis. During the same period last year, the firm posted $2.23 EPS. Sell-side analysts expect that Microsoft Co. will post 10.9 EPS for the current year.
Microsoft Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be paid a dividend of $0.75 per share. This is a boost from Microsoft’s previous quarterly dividend of $0.68. The ex-dividend date is Wednesday, November 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.93%. Microsoft’s dividend payout ratio (DPR) is presently 28.07%.
About Microsoft
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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