Stone Point Wealth LLC cut its position in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 0.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,209 shares of the software giant’s stock after selling 212 shares during the quarter. Microsoft comprises 8.8% of Stone Point Wealth LLC’s portfolio, making the stock its biggest position. Stone Point Wealth LLC’s holdings in Microsoft were worth $21,185,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Sightline Wealth Advisors LLC lifted its position in Microsoft by 0.9% during the 2nd quarter. Sightline Wealth Advisors LLC now owns 3,337 shares of the software giant’s stock worth $962,000 after acquiring an additional 29 shares during the last quarter. Stevens Capital Partners raised its holdings in Microsoft by 2.0% in the 2nd quarter. Stevens Capital Partners now owns 1,516 shares of the software giant’s stock valued at $516,000 after acquiring an additional 29 shares in the last quarter. Eagle Bluffs Wealth Management LLC lifted its position in shares of Microsoft by 0.3% in the 2nd quarter. Eagle Bluffs Wealth Management LLC now owns 10,577 shares of the software giant’s stock worth $3,602,000 after acquiring an additional 31 shares during the period. Strategic Investment Solutions Inc. IL grew its holdings in shares of Microsoft by 0.8% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 4,208 shares of the software giant’s stock worth $1,213,000 after purchasing an additional 32 shares in the last quarter. Finally, Arbor Capital Management Inc. ADV increased its position in shares of Microsoft by 0.5% during the first quarter. Arbor Capital Management Inc. ADV now owns 7,166 shares of the software giant’s stock valued at $2,074,000 after purchasing an additional 33 shares during the period. 69.20% of the stock is currently 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 business’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 value of $8,778,426.55. Following the sale, 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 is available at this hyperlink. In other Microsoft news, CEO Satya Nadella sold 38,234 shares of the 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 completion of the sale, the chief executive officer now owns 800,668 shares in the company, valued at $262,963,391.24. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Kathleen T. Hogan sold 26,815 shares of the firm’s stock in a transaction dated 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 owns 198,373 shares of the company’s stock, valued at $64,941,369.01. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on MSFT
Microsoft Price Performance
Microsoft stock opened at $338.11 on Wednesday. The firm has a market capitalization of $2.51 trillion, a P/E ratio of 32.73, a PEG ratio of 2.20 and a beta of 0.91. The business has a 50-day moving average of $326.98 and a 200-day moving average of $325.31. The company has a current ratio of 1.66, a quick ratio of 1.64 and a debt-to-equity ratio of 0.19. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $366.78.
Microsoft (NASDAQ:MSFT – Get Free Report) last issued its quarterly earnings data on Tuesday, October 24th. The software giant reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.34. The firm had revenue of $56.52 billion during the quarter, compared to analysts’ expectations of $54.52 billion. Microsoft had a net margin of 35.31% and a return on equity of 38.79%. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.35 earnings per share. On average, equities analysts anticipate that Microsoft Co. will post 11.11 EPS for the current year.
Microsoft Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be issued a $0.75 dividend. This is an increase from Microsoft’s previous quarterly dividend of $0.68. This represents a $3.00 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Wednesday, November 15th. Microsoft’s dividend payout ratio is 26.33%.
Microsoft 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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