LCM Capital Management Inc boosted its position in Microsoft Co. (NASDAQ:MSFT – Free Report) by 1.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,413 shares of the software giant’s stock after purchasing an additional 313 shares during the quarter. Microsoft comprises about 5.7% of LCM Capital Management Inc’s holdings, making the stock its 5th largest position. LCM Capital Management Inc’s holdings in Microsoft were worth $9,124,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Microsoft by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock worth $250,032,357,000 after acquiring an additional 15,701,937 shares during the period. Swedbank AB acquired a new position in shares of Microsoft in the 1st quarter valued at $5,587,119,000. Canada Pension Plan Investment Board grew its stake in shares of Microsoft by 77.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,281,925 shares of the software giant’s stock valued at $2,642,931,000 after buying an additional 2,744,900 shares during the period. Global Assets Advisory LLC purchased a new position in shares of Microsoft in the 1st quarter worth $989,814,000. Finally, M&G Plc acquired a new position in Microsoft in the first quarter valued at $846,072,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Microsoft
In related news, CEO Satya Nadella sold 78,353 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the sale, the chief executive officer now directly owns 864,327 shares in the company, valued at $353,189,942.01. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the transaction, the chief marketing officer now directly owns 50,000 shares in the company, valued at $20,552,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Satya Nadella sold 78,353 shares of Microsoft stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total value of $32,017,386.39. Following the transaction, the chief executive officer now owns 864,327 shares of the company’s stock, valued at $353,189,942.01. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 190,629 shares of company stock worth $77,916,485. 0.03% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Check Out Our Latest Report on Microsoft
Microsoft Price Performance
Microsoft stock opened at $419.14 on Tuesday. The business’s fifty day moving average is $418.40 and its two-hundred day moving average is $424.67. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. Microsoft Co. has a 52 week low of $324.39 and a 52 week high of $468.35. The firm has a market cap of $3.12 trillion, a P/E ratio of 36.29, a P/E/G ratio of 2.22 and a beta of 0.90.
Microsoft (NASDAQ:MSFT – Get Free Report) last released its earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The company had revenue of $64.73 billion during the quarter, compared to the consensus estimate of $64.38 billion. During the same quarter in the previous year, the company posted $2.69 earnings per share. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. Equities research analysts forecast that Microsoft Co. will post 13.02 earnings per share for the current fiscal year.
Microsoft announced that its board has initiated a share repurchase program on Monday, September 16th that authorizes the company to buyback $60.00 billion in shares. This buyback authorization authorizes the software giant to reacquire up to 1.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.
Microsoft Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.79%. This is a boost from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio (DPR) is 28.74%.
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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