Microsoft Co. (NASDAQ:MSFT) is Fmr LLC's 2nd Largest Position

Fmr LLC lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 211,630,251 shares of the software giant's stock after selling 5,056,730 shares during the period. Microsoft makes up approximately 5.5% of Fmr LLC's portfolio, making the stock its 2nd biggest holding. Fmr LLC owned approximately 2.85% of Microsoft worth $91,064,497,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Christopher J. Hasenberg Inc increased its stake in Microsoft by 35.7% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant's stock worth $39,000 after buying an additional 25 shares during the period. Quarry LP purchased a new stake in shares of Microsoft during the second quarter worth about $45,000. MidAtlantic Capital Management Inc. acquired a new position in shares of Microsoft in the third quarter worth about $62,000. Innealta Capital LLC purchased a new position in Microsoft in the second quarter valued at about $75,000. Finally, Carolina Wealth Advisors LLC grew its stake in Microsoft by 10.1% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant's stock valued at $145,000 after purchasing an additional 31 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Wall Street Analyst Weigh In

MSFT has been the subject of several research analyst reports. Sanford C. Bernstein reduced their target price on Microsoft from $501.00 to $500.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Mizuho reduced their price objective on shares of Microsoft from $510.00 to $500.00 and set an "outperform" rating on the stock in a research note on Thursday. Royal Bank of Canada reissued an "outperform" rating and issued a $500.00 target price on shares of Microsoft in a research report on Thursday. DA Davidson reaffirmed a "neutral" rating and set a $425.00 price target on shares of Microsoft in a research report on Thursday. Finally, JPMorgan Chase & Co. lowered their price objective on Microsoft from $470.00 to $465.00 and set an "overweight" rating for the company in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat, Microsoft has a consensus rating of "Moderate Buy" and an average price target of $510.96.

Insider Transactions at Microsoft

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total value of $10,425,000.00. Following the sale, the executive vice president now directly owns 117,294 shares in the company, valued at approximately $48,911,598. This trade represents a 17.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the transaction, the chief marketing officer now owns 57,511 shares in the company, valued at approximately $23,850,961.92. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,200 shares of company stock worth $17,383,892. Corporate insiders own 0.03% of the company's stock.

Microsoft Stock Up 0.0 %

Shares of MSFT opened at $415.06 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average price of $432.53 and a two-hundred day moving average price of $424.81. The stock has a market cap of $3.09 trillion, a price-to-earnings ratio of 33.42, a P/E/G ratio of 2.38 and a beta of 0.90. Microsoft Co. has a 12 month low of $385.58 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 34.38% and a net margin of 35.43%. During the same period last year, the business posted $2.93 EPS. Equities analysts predict that Microsoft Co. will post 12.89 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Thursday, February 20th. Microsoft's dividend payout ratio is presently 26.73%.

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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