Microsoft Co. (NASDAQ:MSFT) is First American Trust FSB’s 2nd Largest Position

Posted by Defense World Staff on Apr 18th, 2023

First American Trust FSB grew its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 2.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 105,725 shares of the software giant’s stock after buying an additional 2,265 shares during the quarter. Microsoft makes up about 3.9% of First American Trust FSB’s investment portfolio, making the stock its 2nd largest holding. First American Trust FSB’s holdings in Microsoft were worth $25,355,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. ICICI Prudential Asset Management Co Ltd raised its position in shares of Microsoft by 199.7% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 107,705 shares of the software giant’s stock worth $25,356,000 after acquiring an additional 71,769 shares in the last quarter. Seascape Capital Management raised its position in shares of Microsoft by 41.9% in the 3rd quarter. Seascape Capital Management now owns 2,908 shares of the software giant’s stock worth $677,000 after acquiring an additional 858 shares in the last quarter. BlackDiamond Wealth Management Inc. raised its position in shares of Microsoft by 9.2% in the 3rd quarter. BlackDiamond Wealth Management Inc. now owns 7,751 shares of the software giant’s stock worth $1,943,000 after acquiring an additional 650 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of Microsoft by 1.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 2,789,479 shares of the software giant’s stock worth $649,670,000 after acquiring an additional 37,545 shares in the last quarter. Finally, RMR Wealth Builders raised its position in shares of Microsoft by 9.0% in the 3rd quarter. RMR Wealth Builders now owns 35,150 shares of the software giant’s stock worth $8,186,000 after acquiring an additional 2,894 shares in the last quarter. Hedge funds and other institutional investors own 69.15% of the company’s stock.

Insider Buying and Selling at Microsoft

In other Microsoft news, CEO Satya Nadella sold 4,767 shares of the firm’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the sale, the chief executive officer now directly owns 788,625 shares of the company’s stock, valued at $196,272,990. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CMO Christopher C. Capossela sold 1,000 shares of Microsoft stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $272.32, for a total value of $272,320.00. Following the sale, the chief marketing officer now directly owns 116,362 shares of the company’s stock, valued at $31,687,699.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Satya Nadella sold 4,767 shares of Microsoft 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 sale, the chief executive officer now directly owns 788,625 shares in the company, valued at $196,272,990. The disclosure for this sale can be found here. Insiders have sold a total of 6,767 shares of company stock valued at $1,728,111 over the last ninety days. 0.03% of the stock is currently owned by company insiders.

Microsoft Price Performance

NASDAQ MSFT opened at $288.80 on Tuesday. The company has a market capitalization of $2.15 trillion, a PE ratio of 32.09, a price-to-earnings-growth ratio of 2.53 and a beta of 0.93. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.89 and a current ratio of 1.93. The business’s fifty day moving average is $268.51 and its 200 day moving average is $250.01. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $294.18.

Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings results on Tuesday, January 24th. The software giant reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.05. The business had revenue of $52.75 billion for the quarter, compared to analysts’ expectations of $53.17 billion. Microsoft had a return on equity of 39.87% and a net margin of 33.05%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm earned $2.48 earnings per share. Sell-side analysts predict that Microsoft Co. will post 9.31 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Shareholders of record on Thursday, May 18th will be issued a dividend of $0.68 per share. The ex-dividend date is Wednesday, May 17th. This represents a $2.72 dividend on an annualized basis and a yield of 0.94%. Microsoft’s dividend payout ratio is presently 30.22%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MSFT. JPMorgan Chase & Co. set a $305.00 price objective on Microsoft and gave the company an “overweight” rating in a research report on Wednesday, February 8th. Wolfe Research reduced their price objective on Microsoft from $280.00 to $265.00 and set an “outperform” rating for the company in a research report on Wednesday, January 25th. StockNews.com began coverage on Microsoft in a research report on Thursday, March 16th. They set a “hold” rating for the company. Cowen reduced their price objective on Microsoft from $285.00 to $280.00 and set an “outperform” rating for the company in a research report on Thursday, January 19th. Finally, Raymond James raised their price objective on Microsoft from $270.00 to $310.00 and gave the company an “outperform” rating in a research report on Monday, April 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $293.89.

About Microsoft

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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.