2 weeks Ago By Defense World Staff
Gilliland Jeter Wealth Management LLC cut its stake in Microsoft Co. ( NASDAQ:MSFT – Free Report ) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC.
The institutional investor owned 23,160 shares of the software giant’s stock after selling 505 shares during the quarter. Microsoft comprises about 3.5% of Gilliland Jeter Wealth Management LLC’s holdings, making the stock its 3rd largest position.
Gilliland Jeter Wealth Management LLC’s holdings in Microsoft were worth $10,351,000 as of its most recent filing with the SEC. Other hedge funds also recently made changes to their positions in the company. Neo Ivy Capital Management purchased a new position in Microsoft during the fourth quarter worth about $58,000.
Richardson Capital Management LLC lifted its stake in Microsoft by 1,290.0% during the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after purchasing an additional 129 shares during the last quarter.
Bellevue Group AG lifted its stake in Microsoft by 47.5% during the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after purchasing an additional 58 shares during the last quarter.
Horizon Financial Services LLC bought a new stake in Microsoft during the first quarter worth about $80,000. Finally, Cooksen Wealth LLC bought a new stake in Microsoft during the fourth quarter worth about $86,000. 71.
13% of the stock is currently owned by hedge funds and other institutional investors. Insider Activity at Microsoft In related news, insider Bradford L. Smith sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th.
The stock was sold at an average price of $402.59, for a total value of $16,103,600.00.
Following the transaction, the insider now directly owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink .
In other news, CEO Satya Nadella sold 14,398 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total transaction of $6,009,869.
18. Following the transaction, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link . Also, insider Bradford L. Smith sold 40,000 shares of the stock in a transaction on Monday, September 9th.
The shares were sold at an average price of $402.59, for a total value of $16,103,600.00.
Following the transaction, the insider now directly owns 544,847 shares in the company, valued at $219,349,953.73. The disclosure for this sale can be found here .
In the last three months, insiders have sold 190,629 shares of company stock valued at $77,916,485. 0.03% of the stock is owned by corporate insiders.
Analyst Ratings Changes Read Our Latest Research Report on MSFT Microsoft Stock Performance Microsoft stock opened at $428.02 on Friday. The company has a quick ratio of 1.
27, a current ratio of 1.27 and a debt-to-equity ratio of 0.16.
The company has a market capitalization of $3.18 trillion, a P/E ratio of 37.06, a PEG ratio of 2.
30 and a beta of 0.90. The stock’s 50 day moving average is $419.
69 and its 200 day moving average is $424.76. Microsoft Co.
has a twelve month low of $309.45 and a twelve month high of $468.35.
Microsoft ( NASDAQ:MSFT – Get Free Report ) last posted its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.
90 by $0.05. The company had revenue of $64.
73 billion for the quarter, compared to the consensus estimate of $64.38 billion. Microsoft had a return on equity of 35.
95% and a net margin of 35.96%. The firm’s quarterly revenue was up 15.
2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.69 EPS.
On average, equities research analysts predict that Microsoft Co. will post 13.04 earnings per share for the current fiscal year.
Microsoft declared that its Board of Directors has approved a share buyback program on Monday, September 16th that authorizes the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization authorizes the software giant to repurchase up to 1.
9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued. Microsoft Increases Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th.
Investors of record on Thursday, November 21st will be given 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 annualized dividend and a yield of 0.78%. Microsoft’s dividend payout ratio is 25.
97%. About Microsoft ( 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.
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