Microsoft Co. (NASDAQ:MSFT) Stock Holdings Lessened by Advanced Asset Management Advisors Inc

Advanced Asset Management Advisors Inc cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,126 shares of the software giant’s stock after selling 117 shares during the quarter. Microsoft comprises approximately 4.1% of Advanced Asset Management Advisors Inc’s portfolio, making the stock its 3rd biggest holding. Advanced Asset Management Advisors Inc’s holdings in Microsoft were worth $15,253,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MSFT. Hemington Wealth Management increased its stake in Microsoft by 2.8% during the second quarter. Hemington Wealth Management now owns 13,900 shares of the software giant’s stock worth $6,212,000 after acquiring an additional 385 shares during the last quarter. Affiance Financial LLC grew its stake in shares of Microsoft by 4.4% in the second quarter. Affiance Financial LLC now owns 12,185 shares of the software giant’s stock valued at $5,446,000 after buying an additional 515 shares in the last quarter. Rhumbline Advisers grew its stake in Microsoft by 0.3% during the 2nd quarter. Rhumbline Advisers now owns 14,738,956 shares of the software giant’s stock valued at $6,587,576,000 after purchasing an additional 45,220 shares in the last quarter. Aire Advisors LLC grew its stake in Microsoft by 23.9% during the 2nd quarter. Aire Advisors LLC now owns 13,200 shares of the software giant’s stock valued at $5,899,000 after purchasing an additional 2,550 shares in the last quarter. Finally, Chilton Capital Management LLC lifted its holdings in Microsoft by 3.3% during the 2nd quarter. Chilton Capital Management LLC now owns 312,006 shares of the software giant’s stock worth $139,451,000 after buying an additional 9,860 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the sale, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Microsoft 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 owns 50,000 shares of the company’s stock, valued at $20,552,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Satya Nadella sold 78,353 shares of Microsoft stock in a transaction dated 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 sale, the chief executive officer now directly owns 864,327 shares in the company, valued at $353,189,942.01. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 190,629 shares of company stock valued at $77,916,485 in the last 90 days. 0.03% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MSFT has been the topic of several recent research reports. The Goldman Sachs Group cut their price target on Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. Argus lifted 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. Bank of America raised their target price on Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Citigroup reduced their price objective on Microsoft from $520.00 to $500.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $485.00 price target on shares of Microsoft in a research report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $493.47.

Microsoft Stock Down 0.6 %

NASDAQ MSFT opened at $416.12 on Thursday. The company has a market capitalization of $3.09 trillion, a price-to-earnings ratio of 36.03, a PEG ratio of 2.22 and a beta of 0.90. Microsoft Co. has a 1-year low of $324.39 and a 1-year high of $468.35. The stock’s 50 day moving average is $419.14 and its two-hundred day moving average is $424.59. 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 (NASDAQ:MSFT) last released its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. The business had revenue of $64.73 billion for the quarter, compared to analyst estimates of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. Microsoft’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.69 EPS. Equities analysts forecast that Microsoft Co. will post 13.02 earnings per share for the current fiscal year.

Microsoft declared that its board has approved a share repurchase program 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 programs are typically a sign that the company’s board believes its stock is undervalued.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.80%. This is an increase from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio is 28.74%.

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.