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Sandy Cove Advisors LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 2.5% in the first quarter, the company said in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,997 shares of the software giant after buying an additional 312 shares during the same period. Microsoft makes up about 2.5% of Sandy Cove Advisors LLC’s portfolio, making the stock its 13th largest holding. Sandy Cove Advisors LLC’s holdings in Microsoft were worth $5,468,000 at the end of the most recent reporting period.

Several other institutional investors have also increased or reduced their holdings in the company. Vanguard Group Inc. increased its holdings in shares of Microsoft by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock worth $250,032,357,000 after purchasing an additional 15,701,937 shares during the same period. Norges Bank acquired a new position in Microsoft in the fourth quarter valued at $35,920,047,000. International Assets Investment Management LLC acquired a new position in shares of Microsoft in the fourth quarter valued at $9,625,201,000. Jennison Associates LLC increased its holdings in shares of Microsoft by 1.1% in the fourth quarter. Jennison Associates LLC now owns 25,505,600 shares of the software giant’s stock valued at $9,591,126,000 after purchasing an additional 277,881 shares during the same period. Finally, Fisher Asset Management LLC increased its position in Microsoft shares by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 25,381,692 shares of the software giant’s stock valued at $9,544,532,000 after purchasing an additional 403,409 shares during the same period. 71.13% of the shares are currently owned by institutional investors.

Insider activity

In related news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the transaction, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction that occurred on Monday, June 3. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the transaction, the Chief Marketing Officer now directly owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction that took place on Thursday, May 23. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the transaction, the Executive Vice President now owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The disclosure regarding this sale can be found here. Insiders sold 25,566 shares of the company’s stock during the last quarter, valued at $10,877,535. 0.03% of the shares are owned by company insiders.

Microsoft shares rise 1.5%

NASDAQ MSFT shares opened at $466.25 on Thursday. Microsoft Co. has a 52-week low of $309.45 and a 52-week high of $468.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. The company’s 50-day moving average price is $433.86 and its 200-day moving average price is $414.95. The company has a market cap of $3.47 trillion, a P/E ratio of 40.37, a price-to-earnings-growth ratio of 2.20 and a beta of 0.89.

Microsoft (NASDAQ:MSFT – Free Report) released its latest earnings results on Thursday, April 25. The software giant reported earnings per share (EPS) of $2.94 for the quarter, beating the consensus estimate of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The company had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. In the same quarter last year, the company generated earnings per share of $2.45. Microsoft’s revenue for the quarter grew 17.0% year-over-year. Equities analysts forecast that Microsoft Co. will report earnings per share of $11.77 for the current year.

Microsoft announces dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12. Shareholders of record on Thursday, August 15 will receive a dividend of $0.75 per share. This represents an annualized dividend of $3.00 and a dividend yield of 0.64%. The ex-dividend date of this dividend is Thursday, August 15. Microsoft’s dividend payout ratio (DPR) is 25.97%.

Wall Street analysts predict growth

MSFT has been the subject of numerous analyst reports. DA Davidson reiterated a “buy” rating and issued a $500.00 price target on shares of Microsoft in a research note on Friday, March 15. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research note on Friday, May 24. Jefferies Financial Group increased their price target on Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, April 1. Stifel Nicolaus reiterated a “buy” rating and issued a $455.00 price target on shares of Microsoft in a research note on Monday, April 22. Finally, Macquarie increased their price target on Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a research report on Friday, May 17. Three analysts have rated the stock with a “hold” rating and thirty-three have given the company’s stock a “buy” rating. Based on data from MarketBeat, Microsoft has a consensus rating of “moderate buy” and an average price target of $469.86.

Get our latest research report on MSFT

Microsoft Company 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, as well as Office consumer services such as Microsoft 365 consumer subscriptions, on-premises licensed Office, and other Office services.

See also

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)



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