First Horizon Advisors Inc. boosted its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 30.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 207,799 shares of the software giant’s stock after purchasing an additional 48,743 shares during the quarter. Microsoft comprises 1.9% of First Horizon Advisors Inc.’s investment portfolio, making the stock its 4th biggest position. First Horizon Advisors Inc.’s holdings in Microsoft were worth $53,369,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Aaron Wealth Advisors LLC boosted its holdings in shares of Microsoft by 35,465.9% in the 1st quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock valued at $66,852,000 after purchasing an additional 20,553,188 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Microsoft by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock worth $191,644,927,000 after buying an additional 5,648,095 shares during the last quarter. Swiss National Bank boosted its stake in Microsoft by 13.8% in the first quarter. Swiss National Bank now owns 30,893,155 shares of the software giant’s stock valued at $9,524,669,000 after buying an additional 3,757,500 shares in the last quarter. Jennison Associates LLC grew its position in Microsoft by 13.2% in the first quarter. Jennison Associates LLC now owns 23,092,331 shares of the software giant’s stock valued at $7,119,597,000 after acquiring an additional 2,696,424 shares during the last quarter. Finally, Verity Asset Management Inc. raised its stake in Microsoft by 21,811.0% during the first quarter. Verity Asset Management Inc. now owns 2,047,582 shares of the software giant’s stock worth $2,901,000 after acquiring an additional 2,038,237 shares in the last quarter. Institutional investors own 69.29% of the company’s stock.
Insider Activity at Microsoft
In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the completion of the sale, the chief marketing officer now directly owns 109,837 shares of the company’s stock, valued at approximately $29,244,101.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is owned by insiders.
Analysts Set New Price Targets
Microsoft Stock Performance
Shares of Microsoft stock opened at $247.11 on Monday. The business has a 50-day simple moving average of $239.49 and a 200 day simple moving average of $257.65. The firm has a market capitalization of $1.84 trillion, a price-to-earnings ratio of 26.63, a PEG ratio of 2.34 and a beta of 0.92. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.84 and a quick ratio of 1.79. Microsoft Co. has a one year low of $213.43 and a one year high of $349.67.
Microsoft (NASDAQ:MSFT – Get Rating) last issued its earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.05. The company had revenue of $50.12 billion for the quarter, compared to analyst estimates of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. Microsoft’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.27 earnings per share. On average, research analysts anticipate that Microsoft Co. will post 9.62 earnings per share for the current fiscal year.
Microsoft Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be given a dividend of $0.68 per share. The ex-dividend date is Wednesday, November 16th. This is an increase from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 annualized dividend and a dividend yield of 1.10%. Microsoft’s payout ratio is presently 26.72%.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.
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