Massmutual Trust Co. FSB ADV Has $89.54 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Massmutual Trust Co. FSB ADV boosted its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 2.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 373,379 shares of the software giant’s stock after purchasing an additional 10,226 shares during the quarter. Microsoft comprises 3.7% of Massmutual Trust Co. FSB ADV’s holdings, making the stock its 2nd biggest position. Massmutual Trust Co. FSB ADV’s holdings in Microsoft were worth $89,544,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ICICI Prudential Asset Management Co Ltd grew its position in shares of Microsoft by 199.7% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 107,705 shares of the software giant’s stock worth $25,356,000 after buying an additional 71,769 shares during the period. Seascape Capital Management grew its position in shares of Microsoft by 41.9% during the 3rd quarter. Seascape Capital Management now owns 2,908 shares of the software giant’s stock worth $677,000 after buying an additional 858 shares during the period. Verity & Verity LLC grew its position in shares of Microsoft by 6.4% in the 2nd quarter. Verity & Verity LLC now owns 67,872 shares of the software giant’s stock valued at $17,432,000 after purchasing an additional 4,081 shares during the period. BlackDiamond Wealth Management Inc. grew its position in shares of Microsoft by 9.2% in the 3rd quarter. BlackDiamond Wealth Management Inc. now owns 7,751 shares of the software giant’s stock valued at $1,943,000 after purchasing an additional 650 shares during the period. Finally, Handelsbanken Fonder AB grew its position in shares of Microsoft by 1.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 2,789,479 shares of the software giant’s stock valued at $649,670,000 after purchasing an additional 37,545 shares during the period. 69.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Fundamental Research decreased their price objective on Microsoft from $269.73 to $259.47 and set a “buy” rating for the company in a research report on Thursday, February 2nd. Guggenheim lowered Microsoft from a “neutral” rating to a “sell” rating and set a $212.00 price objective for the company. in a research report on Tuesday, January 17th. Wedbush boosted their price objective on Microsoft from $280.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday, February 24th. BMO Capital Markets lowered Microsoft from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $267.00 to $265.00 in a research report on Wednesday, January 25th. They noted that the move was a valuation call. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $285.00 price target on shares of Microsoft in a research report on Friday. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $286.05.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $279.43 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.89. The stock’s fifty day moving average price is $252.31 and its two-hundred day moving average price is $245.43. Microsoft Co. has a one year low of $213.43 and a one year high of $315.95. The firm has a market cap of $2.08 trillion, a price-to-earnings ratio of 31.05, a P/E/G ratio of 2.44 and a beta of 0.92.

Microsoft (NASDAQ:MSFT – Get Rating) last issued its quarterly earnings data on Tuesday, January 24th. The software giant reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.05. Microsoft had a return on equity of 39.87% and a net margin of 33.05%. The firm had revenue of $52.75 billion for the quarter, compared to analyst estimates of $53.17 billion. During the same period in the prior year, the firm posted $2.48 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities analysts forecast that Microsoft Co. will post 9.34 EPS for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Shareholders of record on Thursday, May 18th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Wednesday, May 17th. Microsoft’s dividend payout ratio is 30.22%.

Insider Buying and Selling at Microsoft

In other news, CEO Satya Nadella sold 4,767 shares of the stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the sale, the chief executive officer now directly owns 788,625 shares of the company’s stock, valued at approximately $196,272,990. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Satya Nadella sold 4,767 shares of the stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the sale, the chief executive officer now directly owns 788,625 shares of the company’s stock, valued at approximately $196,272,990. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CMO Christopher C. Capossela sold 1,000 shares of the stock in a transaction on Monday, February 13th. The stock was sold at an average price of $272.32, for a total value of $272,320.00. Following the sale, the chief marketing officer now directly owns 116,362 shares in the company, valued at $31,687,699.84. The disclosure for this sale can be found here. Insiders have sold a total of 6,767 shares of company stock valued at $1,728,111 in the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Company 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.