Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Spinnaker Investment Group LLC

Spinnaker Investment Group LLC increased its position in Microsoft Co. (NASDAQ:MSFT) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,195 shares of the software giant’s stock after buying an additional 191 shares during the period. Microsoft comprises 1.4% of Spinnaker Investment Group LLC’s portfolio, making the stock its 13th largest holding. Spinnaker Investment Group LLC’s holdings in Microsoft were worth $4,586,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MSFT. Vanguard Group Inc. grew its stake in Microsoft by 1.0% during the third quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock worth $147,714,197,000 after buying an additional 6,129,708 shares during the period. State Street Corp grew its stake in Microsoft by 0.7% during the third quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock worth $68,824,173,000 after buying an additional 1,951,554 shares during the period. FMR LLC grew its stake in Microsoft by 2.7% during the third quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock worth $68,162,263,000 after buying an additional 5,762,902 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Microsoft by 0.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock worth $50,302,677,000 after buying an additional 556,020 shares during the period. Finally, Moneta Group Investment Advisors LLC grew its stake in Microsoft by 112,158.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock worth $36,017,948,000 after buying an additional 150,053,637 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MSFT. Piper Sandler restated an “overweight” rating and issued a $455.00 target price on shares of Microsoft in a research note on Thursday, January 25th. Citigroup decreased their target price on shares of Microsoft from $480.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday. Wells Fargo & Company upped their target price on shares of Microsoft from $460.00 to $480.00 and gave the company an “overweight” rating in a research note on Wednesday. Jefferies Financial Group upped their target price on shares of Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Finally, BNP Paribas upgraded shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 target price for the company in a research note on Thursday, January 18th. Four analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $432.13.

Microsoft Trading Down 1.3 %

Shares of NASDAQ:MSFT opened at $399.12 on Friday. The company has a market cap of $2.97 trillion, a PE ratio of 36.09, a P/E/G ratio of 2.20 and a beta of 0.89. The company’s 50-day moving average price is $414.86 and its 200 day moving average price is $384.83. Microsoft Co. has a fifty-two week low of $275.37 and a fifty-two week high of $430.82. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.76 by $0.17. The firm had revenue of $62.02 billion for the quarter, compared to the consensus estimate of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. Microsoft’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period last year, the firm posted $2.32 EPS. Sell-side analysts anticipate that Microsoft Co. will post 11.61 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.75 per share. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 annualized dividend and a yield of 0.75%. Microsoft’s payout ratio is 27.12%.

Insider Buying and Selling at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 45,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the transaction, the insider now owns 574,129 shares of the company’s stock, valued at approximately $236,414,839.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the transaction, the insider now owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 45,000 shares of Microsoft stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the completion of the transaction, the insider now directly owns 574,129 shares in the company, valued at approximately $236,414,839.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,070,258 shares of company stock valued at $30,690,456. Company insiders own 0.03% of the company’s stock.

About Microsoft

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.