Retirement Group LLC boosted its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 3.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,766 shares of the software giant’s stock after buying an additional 159 shares during the quarter. Retirement Group LLC’s holdings in Microsoft were worth $1,221,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of MSFT. Aaron Wealth Advisors LLC increased its stake in Microsoft by 35,465.9% in the first 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. grew its stake in Microsoft by 0.9% in the first quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock valued at $191,644,927,000 after acquiring an additional 5,648,095 shares during the period. Swiss National Bank increased its stake in Microsoft by 13.8% during the 1st quarter. Swiss National Bank now owns 30,893,155 shares of the software giant’s stock valued at $9,524,669,000 after purchasing an additional 3,757,500 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of 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 purchasing an additional 2,696,424 shares in the last quarter. Finally, Verity Asset Management Inc. lifted its stake in Microsoft by 21,811.0% during the 1st quarter. Verity Asset Management Inc. now owns 2,047,582 shares of the software giant’s stock valued at $2,901,000 after acquiring an additional 2,038,237 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.
Insider Transactions at Microsoft
In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the firm’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 transaction, the chief marketing officer now owns 109,837 shares in the company, valued at approximately $29,244,101.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.03% of the company’s stock.
Analyst Upgrades and Downgrades
Microsoft Price Performance
Shares of NASDAQ:MSFT opened at $247.58 on Friday. The company has a market capitalization of $1.85 trillion, a P/E ratio of 26.68, a P/E/G ratio of 2.36 and a beta of 0.92. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $344.30. The firm’s 50 day simple moving average is $237.12 and its two-hundred day simple moving average is $255.62. 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 (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.05. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The company had revenue of $50.12 billion for the quarter, compared to analysts’ expectations of $49.70 billion. During the same period in the previous year, the firm earned $2.27 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year. Research analysts expect that Microsoft Co. will post 9.62 EPS for the current fiscal year.
Microsoft Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, November 16th. This is an increase from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s dividend payout ratio is 29.31%.
Microsoft Company Profile
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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