Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Summit Trail Advisors LLC

Posted by Defense World Staff on Oct 30th, 2023

Summit Trail Advisors LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 29.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,171 shares of the software giant’s stock after purchasing an additional 15,387 shares during the quarter. Microsoft accounts for approximately 0.9% of Summit Trail Advisors LLC’s investment portfolio, making the stock its 17th largest holding. Summit Trail Advisors LLC’s holdings in Microsoft were worth $22,874,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MSFT. Good Life Advisors LLC lifted its holdings in Microsoft by 0.6% in the second quarter. Good Life Advisors LLC now owns 54,021 shares of the software giant’s stock valued at $18,396,000 after acquiring an additional 311 shares during the period. Carr Financial Group Corp lifted its holdings in Microsoft by 4.0% in the second quarter. Carr Financial Group Corp now owns 10,761 shares of the software giant’s stock valued at $3,665,000 after acquiring an additional 417 shares during the period. Planning Center Inc. lifted its holdings in Microsoft by 24.4% in the second quarter. Planning Center Inc. now owns 4,849 shares of the software giant’s stock valued at $1,651,000 after acquiring an additional 950 shares during the period. Nissay Asset Management Corp Japan ADV lifted its holdings in Microsoft by 6.6% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 1,518,749 shares of the software giant’s stock valued at $437,855,000 after acquiring an additional 94,563 shares during the period. Finally, Sweet Financial Partners LLC increased its position in shares of Microsoft by 7.8% in the second quarter. Sweet Financial Partners LLC now owns 13,301 shares of the software giant’s stock valued at $4,529,000 after buying an additional 961 shares in the last quarter. Institutional investors and hedge funds own 69.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. JPMorgan Chase & Co. restated an “overweight” rating and issued a $385.00 price objective on shares of Microsoft in a research report on Friday, September 22nd. KeyCorp boosted their price objective on Microsoft from $340.00 to $400.00 in a research report on Tuesday, July 18th. DA Davidson restated a “buy” rating and issued a $415.00 price objective on shares of Microsoft in a research report on Monday, October 16th. BMO Capital Markets boosted their price objective on Microsoft from $385.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, July 26th. Finally, Argus boosted their price objective on Microsoft from $371.00 to $390.00 and gave the company a “buy” rating in a research report on Monday, July 31st. Four research analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $384.34.

Check Out Our Latest Stock Analysis on Microsoft

Microsoft Price Performance

MSFT opened at $329.81 on Monday. The stock’s 50-day moving average price is $326.68 and its 200 day moving average price is $324.68. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $366.78. The company has a current ratio of 1.66, a quick ratio of 1.75 and a debt-to-equity ratio of 0.19. The firm has a market cap of $2.45 trillion, a price-to-earnings ratio of 31.93, a PEG ratio of 2.26 and a beta of 0.91.

Microsoft (NASDAQ:MSFT – Get Free Report) last posted its earnings results on Tuesday, October 24th. The software giant reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.34. Microsoft had a return on equity of 38.79% and a net margin of 35.31%. The firm had revenue of $56.52 billion for the quarter, compared to analyst estimates of $54.52 billion. During the same quarter in the prior year, the company earned $2.35 EPS. Microsoft’s revenue was up 12.8% on a year-over-year basis. As a group, sell-side analysts expect that Microsoft Co. will post 11.11 earnings per share for the current year.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be given a $0.75 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.91%. This is a positive change from Microsoft’s previous quarterly dividend of $0.68. Microsoft’s dividend payout ratio (DPR) is currently 26.33%.

Insider Buying and Selling at Microsoft

In other Microsoft news, CEO Satya Nadella sold 38,234 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $328.43, for a total value of $12,557,192.62. Following the sale, the chief executive officer now owns 800,668 shares of the company’s stock, valued at approximately $262,963,391.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Microsoft news, CEO Satya Nadella sold 38,234 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $328.43, for a total value of $12,557,192.62. Following the sale, the chief executive officer now owns 800,668 shares of the company’s stock, valued at approximately $262,963,391.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kathleen T. Hogan sold 26,815 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $327.37, for a total value of $8,778,426.55. Following the completion of the transaction, the executive vice president now owns 198,373 shares in the company, valued at approximately $64,941,369.01. The disclosure for this sale can be found here. Insiders have sold 115,049 shares of company stock valued at $38,195,619 in the last quarter. Corporate insiders own 0.03% of the company’s stock.

About Microsoft

(Free Report)

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.