Ogorek Anthony Joseph NY ADV Has $2.48 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Ogorek Anthony Joseph NY ADV boosted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 14.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,559 shares of the software giant’s stock after purchasing an additional 707 shares during the quarter. Microsoft accounts for about 0.9% of Ogorek Anthony Joseph NY ADV’s investment portfolio, making the stock its 25th biggest holding. Ogorek Anthony Joseph NY ADV’s holdings in Microsoft were worth $2,484,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. New Harbor Financial Group LLC grew its position in shares of Microsoft by 55.9% in the 2nd quarter. New Harbor Financial Group LLC now owns 1,255 shares of the software giant’s stock valued at $561,000 after purchasing an additional 450 shares during the period. Meeder Asset Management Inc. boosted its holdings in shares of Microsoft by 25.7% in the second quarter. Meeder Asset Management Inc. now owns 250,657 shares of the software giant’s stock valued at $112,031,000 after buying an additional 51,273 shares during the period. AMG National Trust Bank increased its position in shares of Microsoft by 19.0% during the second quarter. AMG National Trust Bank now owns 81,502 shares of the software giant’s stock worth $36,427,000 after acquiring an additional 12,994 shares in the last quarter. True Link Financial Advisors LLC increased its position in shares of Microsoft by 296.7% during the first quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock worth $1,274,000 after acquiring an additional 2,264 shares in the last quarter. Finally, Spinnaker Investment Group LLC raised its holdings in shares of Microsoft by 2.7% during the first quarter. Spinnaker Investment Group LLC now owns 12,521 shares of the software giant’s stock worth $5,268,000 after acquiring an additional 326 shares during the period. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling

In other news, CEO Satya Nadella sold 78,353 shares of the business’s 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 completion of the transaction, the chief executive officer now directly owns 864,327 shares in the company, valued at approximately $353,189,942.01. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Satya Nadella sold 78,353 shares of Microsoft 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. 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 through this link. Also, CFO Amy Hood sold 38,000 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total value of $15,600,900.00. Following the sale, the chief financial officer now owns 496,369 shares of the company’s stock, valued at $203,784,292.95. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 190,629 shares of company stock valued at $77,916,485 over the last quarter. 0.03% of the stock is owned by company insiders.

Microsoft Price Performance

Shares of Microsoft stock opened at $406.35 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 stock has a market capitalization of $3.02 trillion, a price-to-earnings ratio of 34.41, a price-to-earnings-growth ratio of 2.24 and a beta of 0.90. Microsoft Co. has a twelve month low of $334.69 and a twelve month high of $468.35. The company has a 50-day simple moving average of $420.82 and a two-hundred day simple moving average of $424.58.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.22. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The business had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. During the same period in the previous year, the company posted $2.99 earnings per share. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. Analysts forecast that Microsoft Co. will post 13.02 EPS for the current year.

Microsoft declared that its board has approved a share repurchase program on Monday, September 16th that authorizes the company to repurchase $60.00 billion in shares. This repurchase authorization authorizes the software giant to reacquire up to 1.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Thursday, November 21st. This is an increase from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s payout ratio is 28.11%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MSFT shares. Argus increased their target price on Microsoft from $475.00 to $526.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research report on Wednesday, July 31st. DA Davidson lowered Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price on the stock. in a research report on Monday, September 23rd. Oppenheimer downgraded Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Finally, Truist Financial reiterated a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a report on Monday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $503.03.

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.