Connable Office Inc. lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 0.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 33,867 shares of the software giant’s stock after selling 263 shares during the period. Microsoft comprises approximately 1.5% of Connable Office Inc.’s investment portfolio, making the stock its 14th biggest position. Connable Office Inc.’s holdings in Microsoft were worth $14,573,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Christopher J. Hasenberg Inc increased its holdings in shares of Microsoft by 169.2% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after acquiring an additional 44 shares during the last quarter. Quarry LP acquired a new position in Microsoft during the second quarter valued at approximately $45,000. Innealta Capital LLC bought a new position in shares of Microsoft in the second quarter valued at approximately $75,000. Carolina Wealth Advisors LLC lifted its stake in shares of Microsoft by 10.1% in the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after buying an additional 31 shares during the last quarter. Finally, MayTech Global Investments LLC acquired a new position in Microsoft during the 2nd quarter worth $200,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the completion of the sale, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at $48,911,598. The trade was a 17.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the transaction, the executive vice president now owns 103,366 shares in the company, valued at approximately $43,792,039.56. This trade represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,200 shares of company stock valued at $17,383,892 over the last 90 days. 0.03% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on Microsoft
Microsoft Price Performance
Microsoft stock opened at $429.03 on Tuesday. Microsoft Co. has a 52 week low of $385.58 and a 52 week high of $468.35. The firm has a market cap of $3.19 trillion, a P/E ratio of 35.40, a P/E/G ratio of 2.22 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The business’s fifty day moving average is $429.32 and its two-hundred day moving average is $426.14.
Microsoft (NASDAQ:MSFT – Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. During the same quarter last year, the company posted $2.99 EPS. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. Equities research analysts forecast that Microsoft Co. will post 12.92 earnings per share for the current fiscal year.
Microsoft Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.77%. Microsoft’s payout ratio is currently 27.39%.
Microsoft Company 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.
Recommended Stories
- Five stocks we like better than Microsoft
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- 3 Stocks to Gain From Donald Trump’s External Revenue Service
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- AMD: Loop Capital’s Buy Rating Reinforces Investor Confidence
- 2 Rising CRM Platform Stocks That Can Surge Higher in 2025
- Momentum Is Building for Qualcomm to Have a Strong Run in 2025
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT – Free Report).
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.