Altiora Financial Group LLC lessened its position in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 3.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,056 shares of the software giant’s stock after selling 200 shares during the period. Microsoft comprises 0.8% of Altiora Financial Group LLC’s portfolio, making the stock its 22nd largest position. Altiora Financial Group LLC’s holdings in Microsoft were worth $1,722,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of MSFT. Good Life Advisors LLC raised its position in shares of Microsoft by 0.6% during the 2nd quarter. Good Life Advisors LLC now owns 54,021 shares of the software giant’s stock worth $18,396,000 after purchasing an additional 311 shares during the period. Carr Financial Group Corp raised its position in shares of Microsoft by 4.0% during the 2nd quarter. Carr Financial Group Corp now owns 10,761 shares of the software giant’s stock worth $3,665,000 after purchasing an additional 417 shares during the period. Nissay Asset Management Corp Japan ADV raised its position in shares of Microsoft by 6.6% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 1,518,749 shares of the software giant’s stock worth $437,855,000 after purchasing an additional 94,563 shares during the period. Spinnaker Investment Group LLC increased its position in Microsoft by 2.6% in the 1st quarter. Spinnaker Investment Group LLC now owns 11,951 shares of the software giant’s stock valued at $3,445,000 after acquiring an additional 305 shares during the period. Finally, Kalos Management Inc. acquired a new stake in Microsoft in the 1st quarter valued at approximately $159,000. Institutional investors own 69.20% of the company’s stock.
Insider Buying and Selling
In related news, EVP Kathleen T. Hogan sold 26,815 shares of the 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 sale, the executive vice president now directly owns 198,373 shares in the company, valued at $64,941,369.01. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Microsoft news, EVP Kathleen T. Hogan sold 26,815 shares of the firm’s stock in a transaction dated 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 directly owns 198,373 shares in the company, valued at $64,941,369.01. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Bradford L. Smith sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total value of $16,860,000.00. Following the transaction, the insider now owns 588,084 shares in the company, valued at $198,301,924.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 115,049 shares of company stock worth $38,195,619. Corporate insiders own 0.03% of the company’s stock.
Microsoft Stock Performance
Microsoft (NASDAQ:MSFT – Get Free Report) last announced its quarterly earnings data on Tuesday, July 25th. The software giant reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.14. Microsoft had a return on equity of 38.70% and a net margin of 34.15%. The business had revenue of $56.19 billion during the quarter, compared to analyst estimates of $55.49 billion. During the same period last year, the company earned $2.23 earnings per share. Microsoft’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Microsoft Co. will post 10.9 EPS for the current fiscal year.
Microsoft Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.92%. 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. Microsoft’s dividend payout ratio (DPR) is currently 28.07%.
Wall Street Analyst Weigh In
MSFT has been the topic of several analyst reports. BMO Capital Markets raised their target price on Microsoft from $385.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, July 26th. Barclays raised their target price on Microsoft from $336.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, July 19th. Fundamental Research set a $298.10 target price on Microsoft and gave the company a “hold” rating in a research report on Wednesday, August 9th. Tigress Financial raised their target price on Microsoft from $411.00 to $433.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Finally, Piper Sandler reiterated an “overweight” rating and set a $400.00 price target on shares of Microsoft in a research report on Wednesday, July 26th. Five research analysts have rated the stock with a hold rating and thirty-four have given a buy rating to the stock. Based on data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $376.34.
Read Our Latest Research Report 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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