Microsoft's stock gains as firms like Strategic Wealth Partners increase holdings amid strong earnings and buyback plans.

Strategic Wealth Partners and other firms have increased their stakes in Microsoft, with Strategic Wealth adding 3.5% to its holdings. Microsoft reported strong earnings, beating estimates with $3.30 EPS and $65.59 billion in revenue. The company has initiated a $60 billion stock buyback and increased its quarterly dividend to $0.83 per share. Microsoft's stock has a market capitalization of $3.10 trillion and a P/E ratio of 34.41.

November 24, 2024
3 Articles

Further Reading