HM Payson & Co. trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 1.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 759,620 shares of the software giant’s stock after selling 13,735 shares during the period. Microsoft accounts for approximately 5.8% of HM Payson & Co.’s portfolio, making the stock its 2nd largest holding. HM Payson & Co.’s holdings in Microsoft were worth $258,681,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of MSFT. Monumental Financial Group Inc. bought a new position in Microsoft in the 1st quarter worth approximately $28,000. Gleason Group Inc. boosted its holdings in shares of Microsoft by 111.7% in the first quarter. Gleason Group Inc. now owns 199 shares of the software giant’s stock worth $57,000 after acquiring an additional 105 shares during the period. Syverson Strege & Co grew its position in shares of Microsoft by 157.0% in the first quarter. Syverson Strege & Co now owns 203 shares of the software giant’s stock valued at $58,000 after purchasing an additional 124 shares in the last quarter. MayTech Global Investments LLC bought a new stake in shares of Microsoft during the 4th quarter valued at $83,000. Finally, Beutel Goodman & Co Ltd. boosted its stake in Microsoft by 57.5% in the 3rd quarter. Beutel Goodman & Co Ltd. now owns 411 shares of the software giant’s stock worth $95,000 after purchasing an additional 150 shares during the period. 69.20% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Microsoft news, EVP Kathleen T. Hogan sold 26,815 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 198,373 shares in the company, valued at approximately $64,941,369.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Microsoft news, EVP Kathleen T. Hogan sold 26,815 shares of the firm’s 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 completion of the transaction, the executive vice president now owns 198,373 shares of the company’s stock, valued at $64,941,369.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Satya Nadella sold 38,234 shares of the business’s 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 in the company, valued at approximately $262,963,391.24. The disclosure for this sale can be found here. Insiders sold a total of 115,049 shares of company stock valued at $38,195,619 over the last three months. Corporate insiders own 0.03% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on Microsoft
Microsoft Trading Up 2.5 %
MSFT opened at $327.26 on Friday. Microsoft Co. has a one year low of $213.43 and a one year high of $366.78. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.77 and a quick ratio of 1.75. The business has a 50 day simple moving average of $324.99 and a two-hundred day simple moving average of $319.39. The firm has a market capitalization of $2.43 trillion, a price-to-earnings ratio of 33.77, a PEG ratio of 2.35 and a beta of 0.91.
Microsoft (NASDAQ:MSFT – Get Free Report) last announced 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. The company had revenue of $56.19 billion during the quarter, compared to the consensus estimate of $55.49 billion. Microsoft had a return on equity of 38.70% and a net margin of 34.15%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.23 earnings per share. Analysts predict that Microsoft Co. will post 10.9 EPS for the current year.
Microsoft Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be given a dividend of $0.75 per share. The ex-dividend date is Wednesday, November 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.92%. This is a boost from Microsoft’s previous quarterly dividend of $0.68. Microsoft’s payout ratio 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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