2 weeks Ago By ABMN Staff
Harbor Advisory Corp MA lifted its holdings in shares of Microsoft Co. ( NASDAQ:MSFT – Free Report ) by 7.5% in the second quarter, Holdings Channel.
com reports. The fund owned 15,453 shares of the software giant’s stock after purchasing an additional 1,076 shares during the period. Microsoft comprises approximately 2.
4% of Harbor Advisory Corp MA’s portfolio, making the stock its 16th largest holding. Harbor Advisory Corp MA’s holdings in Microsoft were worth $6,907,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MSFT.
Norges Bank bought a new stake in shares of Microsoft during the 4th quarter valued at about $35,920,047,000. Vanguard Group Inc. boosted its position in Microsoft by 2.
4% during the 4th quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock valued at $250,032,357,000 after acquiring an additional 15,701,937 shares in the last quarter.
Swedbank AB purchased a new position in shares of Microsoft during the 1st quarter worth approximately $5,587,119,000. Canada Pension Plan Investment Board raised its position in shares of Microsoft by 77.6% in the 1st quarter.
Canada Pension Plan Investment Board now owns 6,281,925 shares of the software giant’s stock worth $2,642,931,000 after acquiring an additional 2,744,900 shares in the last quarter. Finally, Global Assets Advisory LLC purchased a new position in shares of Microsoft in the 1st quarter valued at approximately $989,814,000. Hedge funds and other institutional investors own 71.
13% of the company’s stock. Insiders Place Their Bets In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $411.
04, for a total value of $1,027,600.00. Following the sale, the chief marketing officer now directly owns 50,000 shares in the company, valued at approximately $20,552,000.
The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink . In other news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $411.
04, for a total value of $1,027,600.00. Following the sale, the chief marketing officer now directly owns 50,000 shares of the company’s stock, valued at $20,552,000.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . Also, CEO Satya Nadella sold 78,353 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were 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 directly owns 864,327 shares of the company’s stock, valued at $353,189,942.
01. The disclosure for this sale can be found here . Insiders sold 190,629 shares of company stock worth $77,916,485 in the last three months.
0.03% of the stock is owned by company insiders. Analysts Set New Price Targets View Our Latest Research Report on Microsoft Microsoft Trading Down 0.
8 % Microsoft stock opened at $428.02 on Monday. The company has a current ratio of 1.
27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16.
Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $468.
35. The firm has a market capitalization of $3.18 trillion, a price-to-earnings ratio of 37.
06, a P/E/G ratio of 2.30 and a beta of 0.90.
The firm has a 50 day moving average of $419.51 and a 200 day moving average of $425.06.
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, beating analysts’ consensus estimates of $2.
90 by $0.05. The company had revenue of $64.
73 billion for the quarter, compared to analysts’ expectations of $64.38 billion. Microsoft had a net margin of 35.
96% and a return on equity of 35.95%. Microsoft’s revenue for the quarter was up 15.
2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.69 EPS.
As a group, research analysts predict that Microsoft Co. will post 13.04 earnings per share for the current year.
Microsoft declared that its board has approved a stock buyback plan on Monday, September 16th that allows the company to buyback $60.00 billion in shares. This buyback authorization allows the software giant to reacquire up to 1.
9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued. Microsoft Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th.
Investors of record on Thursday, November 21st will be issued a $0.83 dividend. The ex-dividend date is Thursday, November 21st.
This is a boost from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.
32 dividend on an annualized basis and a yield of 0.78%. Microsoft’s payout ratio is currently 28.
74%. Microsoft Profile ( Free Report ) 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.
Further Reading Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. ( NASDAQ:MSFT – Free Report ).
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