McBroom & Associates LLC increased its stake in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 0.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,146 shares of the software giant’s stock after purchasing an additional 172 shares during the quarter. Microsoft makes up about 5.1% of McBroom & Associates LLC’s portfolio, making the stock its 6th largest holding. McBroom & Associates LLC’s holdings in Microsoft were worth $6,520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently added to or reduced their stakes in the company. Cottage Street Advisors LLC raised its position in Microsoft by 1.2% in the second quarter. Cottage Street Advisors LLC now owns 21,505 shares of the software giant’s stock valued at $7,323,000 after purchasing an additional 254 shares during the last quarter. Trilogy Capital Inc. increased its stake in shares of Microsoft by 11.5% in the second quarter. Trilogy Capital Inc. now owns 5,279 shares of the software giant’s stock valued at $1,815,000 after buying an additional 546 shares during the period. Accurate Wealth Management LLC raised its holdings in Microsoft by 3.3% in the 2nd quarter. Accurate Wealth Management LLC now owns 16,629 shares of the software giant’s stock valued at $5,739,000 after buying an additional 537 shares during the last quarter. Magnolia Wealth Management LLC boosted its position in Microsoft by 18.9% during the 2nd quarter. Magnolia Wealth Management LLC now owns 975 shares of the software giant’s stock worth $332,000 after buying an additional 155 shares during the period. Finally, Blue Square Asset Management LLC grew its holdings in Microsoft by 195.7% during the 2nd quarter. Blue Square Asset Management LLC now owns 6,298 shares of the software giant’s stock worth $2,145,000 after acquiring an additional 4,168 shares during the last quarter. Institutional investors and hedge funds own 69.20% of the company’s stock.
Insider Buying and Selling
In related news, 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 transaction of $16,860,000.00. Following the completion of the sale, the insider now owns 588,084 shares in the company, valued at $198,301,924.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Bradford L. Smith sold 50,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the completion of the transaction, the insider now directly owns 588,084 shares of the company’s stock, valued at approximately $198,301,924.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Satya Nadella sold 38,234 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 115,049 shares of company stock valued at $38,195,619. 0.03% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on Microsoft
Microsoft Stock Up 3.1 %
Microsoft stock opened at $340.67 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.75 and a current ratio of 1.77. The stock has a market cap of $2.53 trillion, a PE ratio of 35.16, a price-to-earnings-growth ratio of 2.35 and a beta of 0.91. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $366.78. The firm’s 50-day simple moving average is $326.19 and its 200 day simple moving average is $324.09.
Microsoft (NASDAQ:MSFT – Get Free Report) last announced its earnings results on Tuesday, October 24th. The software giant reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.34. The firm had revenue of $56.52 billion for the quarter, compared to the consensus estimate of $54.52 billion. Microsoft had a return on equity of 38.70% and a net margin of 34.15%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.35 EPS. Research analysts predict that Microsoft Co. will post 10.9 EPS for the current fiscal 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 dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.88%. This is a boost from Microsoft’s previous quarterly dividend of $0.68. The ex-dividend date is Wednesday, November 15th. Microsoft’s payout ratio is presently 30.96%.
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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