Microsoft Co. (NASDAQ:MSFT) Shares Acquired by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 5.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,295 shares of the software giant’s stock after buying an additional 3,482 shares during the period. Microsoft comprises 5.8% of CHICAGO TRUST Co NA’s portfolio, making the stock its largest holding. CHICAGO TRUST Co NA’s holdings in Microsoft were worth $27,892,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Friedenthal Financial bought a new position in Microsoft during the fourth quarter worth about $45,000. Neo Ivy Capital Management acquired a new position in shares of Microsoft in the 4th quarter worth approximately $58,000. PayPay Securities Corp lifted its position in shares of Microsoft by 23.7% during the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after buying an additional 36 shares during the period. Cooksen Wealth LLC acquired a new stake in Microsoft in the 4th quarter valued at $86,000. Finally, Kathleen S. Wright Associates Inc. raised its stake in Microsoft by 160.7% during the fourth quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock worth $87,000 after acquiring an additional 143 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the transaction, the executive vice president now owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the sale, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the transaction, the executive vice president now owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,566 shares of company stock worth $10,877,535. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Performance

Shares of Microsoft stock opened at $446.95 on Friday. The company has a market capitalization of $3.32 trillion, a PE ratio of 38.70, a PEG ratio of 2.39 and a beta of 0.89. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. The stock’s fifty day simple moving average is $424.11 and its 200 day simple moving average is $409.90. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $456.17.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. The business had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period last year, the business posted $2.45 earnings per share. On average, research analysts predict that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.67%. Microsoft’s dividend payout ratio is currently 25.97%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MSFT. Oppenheimer boosted their target price on shares of Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, June 7th. Wells Fargo & Company boosted their price objective on Microsoft from $480.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Truist Financial restated a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research note on Monday, June 17th. Tigress Financial increased their price objective on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, June 13th. Finally, Evercore ISI boosted their target price on shares of Microsoft from $475.00 to $485.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the stock. Based on data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $467.12.

Read Our Latest Stock Analysis on Microsoft

About Microsoft

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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