Microsoft Co. (NASDAQ:MSFT) is Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s 10th Largest Position

Posted by Defense World Staff on Jun 12th, 2023

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD lowered its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 27.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,529 shares of the software giant’s stock after selling 15,200 shares during the quarter. Microsoft accounts for 2.3% of Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s portfolio, making the stock its 10th biggest holding. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s holdings in Microsoft were worth $9,798,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MSFT. Aaron Wealth Advisors LLC raised its position in 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 valued at $66,852,000 after purchasing an additional 20,553,188 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in shares of Microsoft by 98.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 15,218,570 shares of the software giant’s stock worth $3,649,717,000 after acquiring an additional 7,534,774 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Microsoft by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock worth $147,714,197,000 after acquiring an additional 6,129,708 shares in the last quarter. Swiss National Bank raised its position 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 worth $9,524,669,000 after acquiring an additional 3,757,500 shares in the last quarter. Finally, Cottage Street Advisors LLC raised its position 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 worth $1,351,000 after acquiring an additional 3,742,199 shares in the last quarter. 69.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Credit Suisse Group boosted their price target on Microsoft from $350.00 to $420.00 in a research report on Wednesday, May 31st. Macquarie raised Microsoft from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $260.00 to $325.00 in a research report on Wednesday, April 26th. Moffett Nathanson boosted their target price on Microsoft from $263.00 to $306.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 26th. Stifel Nicolaus boosted their target price on Microsoft from $310.00 to $320.00 and gave the stock a “buy” rating in a research note on Wednesday, April 26th. Finally, Barclays boosted their target price on Microsoft from $310.00 to $336.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average price target of $331.74.

Microsoft Price Performance

Shares of NASDAQ:MSFT traded down $0.86 during midday trading on Monday, hitting $325.93. The company had a trading volume of 6,370,206 shares, compared to its average volume of 30,346,014. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $338.56. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.91 and a quick ratio of 1.88. The stock has a market cap of $2.42 trillion, a price-to-earnings ratio of 35.41, a price-to-earnings-growth ratio of 2.90 and a beta of 0.93. The business’s 50-day simple moving average is $306.82 and its 200-day simple moving average is $271.29.

Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings results on Tuesday, April 25th. The software giant reported $2.45 EPS for the quarter, beating the consensus estimate of $2.22 by $0.23. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. The firm had revenue of $52.86 billion during the quarter, compared to analysts’ expectations of $51.01 billion. During the same quarter last year, the firm earned $2.22 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, research analysts predict that Microsoft Co. will post 9.65 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 8th. Investors of record on Thursday, May 18th were given a $0.68 dividend. The ex-dividend date of this dividend was Wednesday, May 17th. This represents a $2.72 annualized dividend and a yield of 0.83%. Microsoft’s payout ratio is 29.47%.

Insider Buying and Selling

In other news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $310.05, for a total transaction of $1,550,250.00. Following the completion of the transaction, the chief marketing officer now directly owns 110,206 shares in the company, valued at $34,169,370.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $310.05, for a total transaction of $1,550,250.00. Following the completion of the transaction, the chief marketing officer now directly owns 110,206 shares in the company, valued at $34,169,370.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CMO Christopher C. Capossela sold 5,081 shares of the stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $312.54, for a total value of $1,588,015.74. Following the completion of the sale, the chief marketing officer now owns 94,328 shares in the company, valued at $29,481,273.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 51,331 shares of company stock worth $15,867,278. Company insiders own 0.03% of the company’s stock.

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.