Microsoft Co. (NASDAQ:MSFT) is Trail Ridge Investment Advisors LLC’s 3rd Largest Position

Trail Ridge Investment Advisors LLC lifted its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 3.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,062 shares of the software giant’s stock after acquiring an additional 795 shares during the quarter. Microsoft makes up about 4.2% of Trail Ridge Investment Advisors LLC’s holdings, making the stock its 3rd biggest holding. Trail Ridge Investment Advisors LLC’s holdings in Microsoft were worth $6,180,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in MSFT. Aaron Wealth Advisors LLC lifted its position in shares of Microsoft by 35,465.9% in 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 acquiring an additional 20,553,188 shares in the last quarter. Vanguard Group Inc. lifted its position in Microsoft by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock worth $191,644,927,000 after buying an additional 5,648,095 shares in the last quarter. Swiss National Bank lifted its position in 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 buying an additional 3,757,500 shares in the last quarter. Jennison Associates LLC lifted its position in Microsoft by 13.2% in the 1st quarter. Jennison Associates LLC now owns 23,092,331 shares of the software giant’s stock worth $7,119,597,000 after buying an additional 2,696,424 shares in the last quarter. Finally, Verity Asset Management Inc. lifted its position in Microsoft by 21,811.0% in the 1st quarter. Verity Asset Management Inc. now owns 2,047,582 shares of the software giant’s stock worth $2,901,000 after buying an additional 2,038,237 shares in the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MSFT. UBS Group set a $300.00 target price on shares of Microsoft in a research report on Monday. Stifel Nicolaus cut their target price on shares of Microsoft from $300.00 to $290.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. JPMorgan Chase & Co. cut their target price on shares of Microsoft from $305.00 to $275.00 in a research report on Wednesday, October 26th. Credit Suisse Group dropped their price target on shares of Microsoft from $400.00 to $365.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Finally, Morgan Stanley dropped their price target on shares of Microsoft from $325.00 to $307.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 26th. Three analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $300.64.

Insider Transactions at Microsoft

In other news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the completion of the transaction, the chief marketing officer now directly owns 109,837 shares of the company’s stock, valued at approximately $29,244,101.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is owned by insiders.

Microsoft Stock Performance

NASDAQ MSFT opened at $241.68 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.84 and a quick ratio of 1.79. The firm has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 26.04, a P/E/G ratio of 2.33 and a beta of 0.92. The company’s fifty day moving average is $238.31 and its two-hundred day moving average is $256.85. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last posted its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.05. The company had revenue of $50.12 billion for the quarter, compared to analyst estimates of $49.70 billion. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the business posted $2.27 EPS. Equities research analysts forecast that Microsoft Co. will post 9.62 EPS for the current year.

Microsoft Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.13%. This is an increase from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date is Wednesday, November 16th. Microsoft’s dividend payout ratio (DPR) is presently 26.72%.

Microsoft Profile

(Get Rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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