Seneca House Advisors trimmed its position in Microsoft Corporation by 9.6% during the third quarter, selling 3,049 shares and reducing its holding to 28,560 shares. At the end of the period, this position represented approximately 6.0% of the firm’s investment portfolio, making Microsoft its third-largest stake. The remaining shares were valued at $14,793,000 according to the latest SEC filing.

Several other institutional investors also adjusted their Microsoft holdings in the second and fourth quarters. Longfellow Investment Management increased its stake by 51.3% to 59 shares, valued at roughly $29,000, while Bulwark Capital established a new position worth about $32,000. Westend Capital Management grew its holding by 386.7% to 73 shares, valued at $36,000. LSV Asset Management and the University of Illinois Foundation each initiated positions valued at approximately $44,000 and $50,000, respectively. Overall, institutional investors account for 71.13% of Microsoft’s shares outstanding.

In its October 29 earnings release, Microsoft reported adjusted earnings per share of $4.13, surpassing consensus estimates by $0.48, and generated revenue of $77.67 billion, a year-over-year increase of 18.4% and $2.18 billion above analyst expectations. The company achieved a net margin of 35.71% and a return on equity of 32.45%. Shortly thereafter, Microsoft declared a quarterly dividend of $0.91 per share, payable March 12 to shareholders of record on February 19. This represents an annualized payout of $3.64 and a dividend yield of approximately 0.7%, with a payout ratio of 25.89%.