Microsoft Co. (NASDAQ:MSFT) is Edge Wealth Management LLC's 3rd Largest Position

Edge Wealth Management LLC trimmed its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 83,590 shares of the software giant's stock after selling 1,705 shares during the quarter. Microsoft comprises about 7.9% of Edge Wealth Management LLC's holdings, making the stock its 3rd biggest position. Edge Wealth Management LLC's holdings in Microsoft were worth $37,360,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rebalance LLC boosted its holdings in shares of Microsoft by 0.7% during the 2nd quarter. Rebalance LLC now owns 3,451 shares of the software giant's stock worth $1,542,000 after purchasing an additional 24 shares during the last quarter. Morris Financial Concepts Inc. grew its holdings in Microsoft by 0.9% in the 4th quarter. Morris Financial Concepts Inc. now owns 2,663 shares of the software giant's stock valued at $1,001,000 after buying an additional 25 shares in the last quarter. Innova Wealth Partners increased its stake in shares of Microsoft by 0.6% in the 4th quarter. Innova Wealth Partners now owns 4,239 shares of the software giant's stock worth $1,594,000 after acquiring an additional 25 shares during the last quarter. Arkansas Financial Group Inc. raised its holdings in shares of Microsoft by 1.5% during the 4th quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant's stock worth $646,000 after acquiring an additional 25 shares during the period. Finally, Partnership Wealth Management LLC raised its holdings in shares of Microsoft by 0.4% during the 1st quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant's stock worth $2,609,000 after acquiring an additional 25 shares during the period. 71.13% of the stock is owned by institutional investors.

Microsoft Stock Down 0.1 %

Shares of MSFT stock traded down $0.54 on Wednesday, reaching $408.90. 15,108,801 shares of the stock were exchanged, compared to its average volume of 20,730,533. Microsoft Co. has a twelve month low of $309.45 and a twelve month high of $468.35. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $3.04 trillion, a price-to-earnings ratio of 35.40, a PEG ratio of 2.11 and a beta of 0.90. The business's 50 day moving average price is $429.38 and its 200 day moving average price is $422.91.

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

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be paid a dividend of $0.75 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.00 annualized dividend and a yield of 0.73%. Microsoft's dividend payout ratio is currently 25.97%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MSFT shares. Tigress Financial raised their price objective on shares of Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a research report on Thursday, June 13th. Mizuho lifted their price target on shares of Microsoft from $450.00 to $480.00 and gave the company an "outperform" rating in a research report on Tuesday, July 16th. TD Cowen upped their price objective on Microsoft from $470.00 to $495.00 and gave the company a "buy" rating in a report on Thursday, July 18th. Macquarie raised their target price on Microsoft from $460.00 to $475.00 and gave the stock an "outperform" rating in a research note on Friday, May 17th. Finally, Oppenheimer upped their price target on Microsoft from $450.00 to $500.00 and gave the company an "outperform" rating in a research note on Friday, June 7th. Two analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $494.72.

Insider Buying and Selling at Microsoft

In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the business's stock in a transaction that occurred on 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 in the company, valued at $328,473,703.53. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.03% of the stock is currently owned by insiders.

About Microsoft

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.