Summit Trail Advisors LLC Grows Position in Microsoft Co. (NASDAQ:MSFT)

Summit Trail Advisors LLC raised its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 46,940 shares of the software giant’s stock after acquiring an additional 952 shares during the quarter. Microsoft makes up 0.5% of Summit Trail Advisors LLC’s portfolio, making the stock its 27th biggest holding. Summit Trail Advisors LLC’s holdings in Microsoft were worth $11,257,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MSFT. Aaron Wealth Advisors LLC lifted its holdings in Microsoft by 35,465.9% in the first quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock valued at $66,852,000 after acquiring an additional 20,553,188 shares during the period. Vanguard Group Inc. lifted its holdings in Microsoft by 1.0% in the third quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock valued at $147,714,197,000 after acquiring an additional 6,129,708 shares during the period. Swiss National Bank lifted its holdings in Microsoft by 13.8% in the first 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 during the period. Cottage Street Advisors LLC lifted its holdings in Microsoft by 17,734.7% in the fourth 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 during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in Microsoft by 73.8% in the third 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 during the period. Institutional investors own 69.15% of the company’s stock.

Insider Transactions at Microsoft

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

Analyst Ratings Changes

A number of research analysts have weighed in on MSFT shares. KeyCorp increased their target price on Microsoft from $316.00 to $335.00 and gave the company an “overweight” rating in a report on Thursday, April 20th. Mizuho raised their price objective on Microsoft from $325.00 to $340.00 in a research note on Wednesday. Wedbush raised their price objective on Microsoft from $325.00 to $340.00 in a research note on Thursday, May 11th. DA Davidson raised their price objective on Microsoft from $325.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, April 26th. Finally, UBS Group raised their price objective on Microsoft from $275.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $323.69.

Microsoft Stock Up 3.8 %

Microsoft stock opened at $325.92 on Friday. 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 $295.26 and its two-hundred day simple moving average is $263.88. The company has a market cap of $2.42 trillion, a PE ratio of 35.31, a PEG ratio of 2.80 and a beta of 0.93. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $326.90.

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

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 8th. Shareholders of record on Thursday, May 18th will be paid a dividend of $0.68 per share. The ex-dividend date is Wednesday, May 17th. This represents a $2.72 annualized dividend and a yield of 0.83%. Microsoft’s payout ratio is presently 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.