Affinity Wealth Management LLC increased its stake in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 0.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,242 shares of the software giant’s stock after acquiring an additional 107 shares during the quarter. Microsoft makes up 2.5% of Affinity Wealth Management LLC’s investment portfolio, making the stock its 14th largest position. Affinity Wealth Management LLC’s holdings in Microsoft were worth $14,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently modified their holdings of MSFT. Vanguard Group Inc. grew its position in Microsoft by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant’s stock worth $281,035,506,000 after purchasing an additional 3,078,099 shares during the period. Capital International Investors increased its holdings in Microsoft by 1.0% in the 1st quarter. Capital International Investors now owns 83,571,070 shares of the software giant’s stock valued at $35,160,020,000 after acquiring an additional 842,884 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Microsoft by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant’s stock valued at $15,426,767,000 after purchasing an additional 97,075 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Microsoft by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant’s stock worth $10,768,771,000 after buying an additional 1,563,533 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Microsoft by 0.3% during the 2nd quarter. Rhumbline Advisers now owns 14,738,956 shares of the software giant’s stock worth $6,587,576,000 after acquiring an additional 45,220 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, insider Bradford L. Smith sold 40,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the completion of the sale, the insider now directly owns 544,847 shares of the company’s stock, valued at $219,349,953.73. This trade represents a 6.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction dated 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 transaction, the chief marketing officer now owns 50,000 shares in the company, valued at approximately $20,552,000. This trade represents a 4.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 212,931 shares of company stock worth $87,297,343 in the last three months. 0.03% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on MSFT
Microsoft Stock Performance
Shares of MSFT stock opened at $430.98 on Tuesday. The company’s 50-day simple moving average is $420.84 and its 200-day simple moving average is $426.55. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. Microsoft Co. has a one year low of $362.90 and a one year high of $468.35. The stock has a market capitalization of $3.20 trillion, a price-to-earnings ratio of 35.56, a PEG ratio of 2.25 and a beta of 0.91.
Microsoft (NASDAQ:MSFT – Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. The business had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.99 EPS. Equities analysts anticipate that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.
Microsoft announced that its Board of Directors has approved a stock buyback plan on Monday, September 16th that authorizes the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization authorizes the software giant to reacquire up to 1.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
Microsoft Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, November 21st. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a yield of 0.77%. Microsoft’s dividend payout ratio is currently 27.39%.
Microsoft Profile
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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