Summit Trail Advisors LLC Buys 7,621 Shares of Microsoft Co. (NASDAQ:MSFT)

Summit Trail Advisors LLC increased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 6.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,178 shares of the software giant’s stock after buying an additional 7,621 shares during the quarter. Microsoft accounts for 1.3% of Summit Trail Advisors LLC’s investment portfolio, making the stock its 13th largest holding. Summit Trail Advisors LLC’s holdings in Microsoft were worth $53,434,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. WFA Asset Management Corp increased its stake in shares of Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after purchasing an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. raised its stake in shares of Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after buying an additional 38 shares during the period. Nicholas Investment Partners LP raised its stake in shares of Microsoft by 3.0% in the second quarter. Nicholas Investment Partners LP now owns 39,743 shares of the software giant’s stock valued at $17,763,000 after buying an additional 1,164 shares during the period. McClarren Financial Advisors Inc. lifted its position in shares of Microsoft by 12.1% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 3,575 shares of the software giant’s stock valued at $1,598,000 after buying an additional 385 shares during the last quarter. Finally, K.J. Harrison & Partners Inc increased its holdings in Microsoft by 2.8% in the 2nd quarter. K.J. Harrison & Partners Inc now owns 58,972 shares of the software giant’s stock worth $26,358,000 after acquiring an additional 1,626 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Performance

NASDAQ MSFT opened at $415.06 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The stock’s fifty day moving average is $432.56 and its two-hundred day moving average is $424.88. The firm has a market capitalization of $3.09 trillion, a P/E ratio of 33.42, a price-to-earnings-growth ratio of 2.38 and a beta of 0.90. Microsoft Co. has a fifty-two week low of $385.58 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 34.38% and a net margin of 35.43%. During the same period last year, the business earned $2.93 earnings per share. On average, research analysts anticipate that Microsoft Co. will post 12.89 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is currently 26.73%.

Insider Buying and Selling

In other news, CMO Takeshi Numoto sold 1,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the completion of the transaction, the chief marketing officer now directly owns 57,511 shares of the company’s stock, valued at approximately $23,850,961.92. This represents a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the sale, the executive vice president now directly owns 103,366 shares in the company, valued at $43,792,039.56. This trade represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,200 shares of company stock valued at $17,383,892 in the last ninety days. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. DA Davidson reiterated a “neutral” rating and set a $425.00 target price on shares of Microsoft in a research report on Thursday. TD Cowen reduced their price objective on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Guggenheim restated a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. KeyCorp lifted their price target on Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Finally, Citigroup dropped their price objective on Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $510.96.

Microsoft Company Profile

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.