Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Transatlantique Private Wealth LLC

Posted by MarketBeat News on May 22nd, 2023

Transatlantique Private Wealth LLC lifted its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 8.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,365 shares of the software giant’s stock after purchasing an additional 2,281 shares during the quarter. Microsoft accounts for about 3.9% of Transatlantique Private Wealth LLC’s investment portfolio, making the stock its 2nd largest holding. Transatlantique Private Wealth LLC’s holdings in Microsoft were worth $6,792,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Aaron Wealth Advisors LLC raised its stake in shares of Microsoft by 35,465.9% during the 1st quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock worth $66,852,000 after purchasing an additional 20,553,188 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Microsoft by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock worth $147,714,197,000 after purchasing an additional 6,129,708 shares in the last quarter. Swiss National Bank raised its stake in shares of Microsoft by 13.8% in the 1st quarter. Swiss National Bank now owns 30,893,155 shares of the software giant’s stock valued at $9,524,669,000 after acquiring an additional 3,757,500 shares in the last quarter. Cottage Street Advisors LLC raised its stake in shares of Microsoft by 17,734.7% in the 4th quarter. Cottage Street Advisors LLC now owns 3,763,300 shares of the software giant’s stock valued at $1,351,000 after acquiring an additional 3,742,199 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Microsoft by 73.8% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,172,257 shares of the software giant’s stock valued at $1,903,319,000 after acquiring an additional 3,471,095 shares in the last quarter. Institutional investors and hedge funds own 69.15% of the company’s stock.

Insider Activity

In related news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $316.87, for a total transaction of $1,584,350.00. Following the sale, the chief marketing officer now owns 89,328 shares of the company’s stock, valued at $28,305,363.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $316.87, for a total value of $1,584,350.00. Following the sale, the chief marketing officer now owns 89,328 shares of the company’s stock, valued at approximately $28,305,363.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Satya Nadella sold 4,767 shares of the firm’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total value of $1,186,410.96. Following the completion of the sale, the chief executive officer now directly owns 788,625 shares in the company, valued at approximately $196,272,990. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,848 shares of company stock valued at $16,635,227. 0.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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A number of research firms have issued reports on MSFT. Morgan Stanley raised their target price on Microsoft from $307.00 to $335.00 and gave the company an “overweight” rating in a report on Wednesday, April 26th. Oppenheimer lifted their price objective on Microsoft from $310.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, April 26th. Jefferies Financial Group lifted their price objective on Microsoft from $325.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. Stifel Nicolaus raised their target price on Microsoft from $310.00 to $320.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Finally, JPMorgan Chase & Co. lifted their price objective on Microsoft from $305.00 to $315.00 and gave the company an “overweight” rating in a research report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $323.28.

Microsoft Stock Performance

MSFT opened at $318.34 on Monday. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $319.04. The firm has a market capitalization of $2.37 trillion, a PE ratio of 34.49, a PEG ratio of 2.83 and a beta of 0.93. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.88 and a current ratio of 1.91. The business’s 50-day simple moving average is $290.86 and its 200 day simple moving average is $261.67.

Microsoft (NASDAQ:MSFT – Get Rating) last released its quarterly earnings data on Tuesday, April 25th. The software giant reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.23. The firm had revenue of $52.86 billion for the quarter, compared to analyst estimates of $51.01 billion. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.22 earnings per share. As a group, sell-side analysts expect that Microsoft Co. will post 9.66 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Shareholders of record on Thursday, May 18th will be paid a $0.68 dividend. The ex-dividend date is Wednesday, May 17th. This represents a $2.72 annualized dividend and a yield of 0.85%. Microsoft’s dividend payout ratio is 29.47%.

Microsoft Profile

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.