Commons Capital LLC raised its holdings in Microsoft Co. (NASDAQ:MSFT – Free Report) by 1.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,073 shares of the software giant’s stock after buying an additional 205 shares during the period. Microsoft accounts for about 5.7% of Commons Capital LLC’s portfolio, making the stock its 5th largest holding. Commons Capital LLC’s holdings in Microsoft were worth $3,771,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSFT. Vanguard Group Inc. increased its stake in shares of Microsoft by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock worth $147,714,197,000 after purchasing an additional 6,129,708 shares during the last quarter. State Street Corp increased its stake in shares of Microsoft by 0.7% during the 3rd quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock worth $68,824,173,000 after purchasing an additional 1,951,554 shares during the last quarter. FMR LLC increased its stake in shares of Microsoft by 0.8% during the 1st quarter. FMR LLC now owns 200,523,373 shares of the software giant’s stock worth $57,810,889,000 after purchasing an additional 1,537,712 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Microsoft by 0.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock worth $50,302,677,000 after purchasing an additional 556,020 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC increased its stake in shares of Microsoft by 112,158.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock worth $36,017,948,000 after purchasing an additional 150,053,637 shares during the last quarter. 69.20% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Microsoft news, EVP Kathleen T. Hogan sold 26,815 shares of Microsoft stock in a transaction dated 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 $64,941,369.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Microsoft news, EVP Kathleen T. Hogan sold 26,815 shares of Microsoft stock in a transaction dated 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 $64,941,369.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Satya Nadella sold 38,234 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 800,668 shares in the company, valued at approximately $262,963,391.24. The disclosure for this sale can be found here. Over 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.
Microsoft Stock Down 1.0 %
Microsoft (NASDAQ:MSFT – Get Free Report) last released its quarterly earnings results on Tuesday, July 25th. The software giant reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.14. The company had revenue of $56.19 billion for 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%. The firm’s revenue was up 8.3% on a year-over-year basis. During the same period last year, the firm earned $2.23 earnings per share. Research analysts expect that Microsoft Co. will post 10.9 earnings per share for the current fiscal year.
Microsoft Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be given a $0.75 dividend. This is a positive change from Microsoft’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $3.00 annualized dividend and a yield of 0.92%. Microsoft’s payout ratio is currently 28.07%.
Wall Street Analysts Forecast Growth
MSFT has been the subject of several research analyst reports. Guggenheim raised shares of Microsoft from a “sell” rating to a “neutral” rating in a report on Monday, September 25th. Redburn Partners reduced their target price on shares of Microsoft from $450.00 to $440.00 and set a “buy” rating for the company in a report on Friday, August 11th. Raymond James boosted their price objective on shares of Microsoft from $320.00 to $400.00 and gave the company an “outperform” rating in a report on Monday, July 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $390.00 price objective on shares of Microsoft in a report on Friday, September 22nd. Finally, StockNews.com initiated coverage on shares of Microsoft in a report on Thursday, October 5th. They issued a “buy” rating for the company. Five analysts have rated the stock with a hold rating and thirty-four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $376.34.
Get Our Latest Analysis on MSFT
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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