Microsoft Co. (NASDAQ:MSFT) is Griffin Asset Management Inc.’s 2nd Largest Position

Griffin Asset Management Inc. increased its stake in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 1.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 82,769 shares of the software giant’s stock after buying an additional 1,074 shares during the period. Microsoft comprises 4.2% of Griffin Asset Management Inc.’s portfolio, making the stock its 2nd largest holding. Griffin Asset Management Inc.’s holdings in Microsoft were worth $34,822,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in MSFT. Norges Bank purchased a new position in shares of Microsoft in the fourth quarter valued at $35,920,047,000. International Assets Investment Management LLC purchased a new position in Microsoft during the 4th quarter valued at about $9,625,201,000. Vanguard Group Inc. lifted its holdings in shares of Microsoft by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock valued at $250,032,357,000 after purchasing an additional 15,701,937 shares in the last quarter. TCI Fund Management Ltd. acquired a new stake in shares of Microsoft in the fourth quarter valued at approximately $4,000,376,000. Finally, Cerity Partners LLC increased its stake in shares of Microsoft by 277.8% during the 4th quarter. Cerity Partners LLC now owns 7,004,341 shares of the software giant’s stock worth $2,633,912,000 after purchasing an additional 5,150,160 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Performance

Microsoft stock opened at $466.24 on Tuesday. Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $468.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. The company has a market capitalization of $3.47 trillion, a price-to-earnings ratio of 40.37, a price-to-earnings-growth ratio of 2.20 and a beta of 0.89. The firm’s fifty day moving average price is $431.03 and its 200 day moving average price is $413.99.

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

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.64%. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

Insider Activity at Microsoft

In other news, CMO Takeshi Numoto sold 322 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $416.60, for a total value of $134,145.20. Following the completion of the sale, the chief marketing officer now owns 47,255 shares of the company’s stock, valued at approximately $19,686,433. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Judson Althoff sold 25,000 shares of the business’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 value of $10,642,000.00. Following the completion of the sale, the executive vice president now directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Takeshi Numoto sold 322 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $416.60, for a total value of $134,145.20. Following the transaction, the chief marketing officer now owns 47,255 shares in the company, valued at $19,686,433. The disclosure for this sale can be found here. Insiders have sold 25,566 shares of company stock valued at $10,877,535 over the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on MSFT. Wells Fargo & Company increased their target price on Microsoft from $480.00 to $500.00 and gave the company an “overweight” rating in a report on Friday, April 26th. JPMorgan Chase & Co. lifted their price objective on Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. The Goldman Sachs Group raised their price target on shares of Microsoft from $450.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Wedbush reissued an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research report on Wednesday, May 22nd. Finally, Truist Financial restated a “buy” rating and set a $600.00 target price on shares of Microsoft in a research report on Monday, June 17th. Three analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $467.12.

View Our Latest Research Report on Microsoft

Microsoft Company Profile

(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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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