Microsoft Co. (NASDAQ:MSFT) Stock Holdings Boosted by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 7.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,344 shares of the software giant's stock after acquiring an additional 7,346 shares during the quarter. Microsoft comprises 5.6% of Hudson Valley Investment Advisors Inc. ADV's investment portfolio, making the stock its 2nd largest position. Hudson Valley Investment Advisors Inc. ADV's holdings in Microsoft were worth $45,296,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MSFT. Vanguard Group Inc. raised its position in shares of Microsoft by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant's stock valued at $281,035,506,000 after buying an additional 3,078,099 shares in the last quarter. Norges Bank bought a new stake in Microsoft during the fourth quarter worth about $35,920,047,000. Capital International Investors lifted its stake in Microsoft by 1.0% during the first quarter. Capital International Investors now owns 83,571,070 shares of the software giant's stock worth $35,160,020,000 after purchasing an additional 842,884 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Microsoft by 1.1% in the 4th quarter. Jennison Associates LLC now owns 25,505,600 shares of the software giant's stock worth $9,591,126,000 after purchasing an additional 277,881 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Microsoft by 1.6% during the 4th 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 last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Wall Street Analyst Weigh In

MSFT has been the subject of several research reports. BMO Capital Markets upped their target price on Microsoft from $465.00 to $500.00 and gave the stock an "outperform" rating in a research note on Friday, July 12th. Wells Fargo & Company increased their target price on shares of Microsoft from $500.00 to $515.00 and gave the company an "overweight" rating in a report on Wednesday, July 31st. Piper Sandler reissued an "overweight" rating and issued a $485.00 price target on shares of Microsoft in a research note on Wednesday, July 31st. Morgan Stanley reduced their price objective on Microsoft from $520.00 to $506.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 31st. Finally, New Street Research started coverage on Microsoft in a research note on Monday, June 10th. They issued a "buy" rating and a $570.00 target price for the company. Two research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. According to data from MarketBeat.com, Microsoft presently has an average rating of "Moderate Buy" and a consensus target price of $494.72.

Insiders Place Their Bets

In related news, CMO Takeshi Numoto sold 244 shares of the firm's stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the completion of the sale, the chief marketing officer now owns 47,011 shares of the company's stock, valued at $19,534,480.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CMO Takeshi Numoto sold 244 shares of the company's stock in a transaction on Monday, June 3rd. The stock was 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 $19,534,480.83. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $417.41, for a total value of $6,009,869.18. Following the completion of the sale, the chief executive officer now owns 786,933 shares of the company's stock, valued at $328,473,703.53. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,964 shares of company stock valued at $6,245,404. Insiders own 0.03% of the company's stock.

Microsoft Stock Up 0.1 %

Shares of MSFT traded up $0.35 during mid-day trading on Tuesday, reaching $413.84. The company had a trading volume of 13,466,298 shares, compared to its average volume of 20,803,117. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.23 and a current ratio of 1.27. The company has a market capitalization of $3.08 trillion, a price-to-earnings ratio of 35.83, a price-to-earnings-growth ratio of 2.11 and a beta of 0.90. The firm has a 50-day moving average price of $434.36 and a 200 day moving average price of $422.87. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping the consensus estimate of $2.90 by $0.05. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The business had revenue of $64.73 billion for the quarter, compared to the consensus estimate of $64.38 billion. During the same period in the previous year, the company posted $2.69 earnings per share. The company's revenue for the quarter was up 15.2% compared to the same quarter last year. On average, sell-side analysts forecast that Microsoft Co. will post 13.04 EPS for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.72%. Microsoft's dividend payout ratio is currently 25.97%.

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.