Massmutual Trust Co. FSB ADV Has $131.15 Million Position in Microsoft Co. (NASDAQ:MSFT)

Massmutual Trust Co. FSB ADV lowered its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 385,123 shares of the software giant’s stock after selling 4,462 shares during the period. Microsoft accounts for 4.7% of Massmutual Trust Co. FSB ADV’s portfolio, making the stock its 2nd biggest holding. Massmutual Trust Co. FSB ADV’s holdings in Microsoft were worth $131,150,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Handelsbanken Fonder AB grew its position in shares of Microsoft by 7.7% during the second quarter. Handelsbanken Fonder AB now owns 3,047,412 shares of the software giant’s stock worth $1,037,766,000 after acquiring an additional 217,074 shares during the last quarter. Wiser Wealth Management Inc bought a new position in shares of Microsoft during the second quarter worth about $205,000. Fiducient Advisors LLC grew its position in shares of Microsoft by 9.3% during the second quarter. Fiducient Advisors LLC now owns 1,562 shares of the software giant’s stock worth $532,000 after acquiring an additional 133 shares during the last quarter. Harbor Advisors LLC grew its position in shares of Microsoft by 2.0% during the second quarter. Harbor Advisors LLC now owns 25,500 shares of the software giant’s stock worth $8,684,000 after acquiring an additional 500 shares during the last quarter. Finally, Chesapeake Wealth Management grew its position in shares of Microsoft by 7.2% during the second quarter. Chesapeake Wealth Management now owns 33,952 shares of the software giant’s stock worth $11,562,000 after acquiring an additional 2,266 shares during the last quarter. Institutional investors own 69.20% of the company’s stock.

Insider Buying and Selling

In other Microsoft news, EVP Kathleen T. Hogan sold 26,815 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $327.37, for a total transaction of $8,778,426.55. Following the transaction, the executive vice president now owns 198,373 shares in the company, valued at $64,941,369.01. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Microsoft news, CEO Satya Nadella sold 38,234 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $328.43, for a total transaction of $12,557,192.62. Following the transaction, the chief executive officer now owns 800,668 shares in the company, valued at $262,963,391.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kathleen T. Hogan sold 26,815 shares of the stock in a transaction that occurred on 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 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. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Trading Down 1.7 %

NASDAQ:MSFT opened at $369.85 on Monday. The stock’s 50 day moving average price is $336.17 and its 200 day moving average price is $331.96. Microsoft Co. has a 52 week low of $219.35 and a 52 week high of $376.35. The company has a market capitalization of $2.75 trillion, a P/E ratio of 35.80, a P/E/G ratio of 2.51 and a beta of 0.88. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.64 and a current ratio of 1.66.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Tuesday, October 24th. The software giant reported $2.99 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $54.52 billion. During the same quarter in the prior year, the company posted $2.35 earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. On average, research analysts forecast that Microsoft Co. will post 11.13 EPS for the current fiscal year.

Microsoft Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be issued 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 0.81%. This is an increase from Microsoft’s previous quarterly dividend of $0.68. Microsoft’s dividend payout ratio is currently 29.04%.

Analyst Ratings Changes

Several research firms have recently commented on MSFT. Loop Capital began coverage on shares of Microsoft in a research report on Tuesday, October 17th. They set a “buy” rating and a $425.00 price target for the company. Rosenblatt Securities increased their target price on shares of Microsoft from $370.00 to $375.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Piper Sandler increased their target price on shares of Microsoft from $400.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, October 25th. Sanford C. Bernstein increased their target price on shares of Microsoft from $398.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, September 20th. Finally, Guggenheim upgraded shares of Microsoft from a “sell” rating to a “neutral” rating in a research report on Monday, September 25th. Four investment analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $385.11.

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.