Diversified Trust Co Lowers Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Diversified Trust Co decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 2.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,700 shares of the software giant’s stock after selling 1,767 shares during the quarter. Microsoft comprises about 0.7% of Diversified Trust Co’s investment portfolio, making the stock its 22nd biggest position. Diversified Trust Co’s holdings in Microsoft were worth $14,592,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. ERTS Wealth Advisors LLC grew its holdings in Microsoft by 0.6% in the fourth quarter. ERTS Wealth Advisors LLC now owns 9,398 shares of the software giant’s stock valued at $955,000 after purchasing an additional 58 shares during the period. Prentiss Smith & Co. Inc. boosted its stake in Microsoft by 0.5% during the 1st quarter. Prentiss Smith & Co. Inc. now owns 11,701 shares of the software giant’s stock valued at $1,845,000 after acquiring an additional 58 shares during the last quarter. Howard Wealth Management LLC raised its stake in shares of Microsoft by 1.3% in the 1st quarter. Howard Wealth Management LLC now owns 4,675 shares of the software giant’s stock valued at $737,000 after purchasing an additional 60 shares in the last quarter. Gs Investments Inc. lifted its position in shares of Microsoft by 0.3% during the first quarter. Gs Investments Inc. now owns 23,140 shares of the software giant’s stock worth $3,649,000 after purchasing an additional 60 shares during the last quarter. Finally, Brickley Wealth Management grew its stake in Microsoft by 2.6% in the first quarter. Brickley Wealth Management now owns 2,327 shares of the software giant’s stock worth $367,000 after purchasing an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 70.71% of the company’s stock.

In related news, CAO Frank H. Brod sold 3,000 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $176.94, for a total transaction of $530,820.00. Following the completion of the transaction, the chief accounting officer now directly owns 57,136 shares in the company, valued at $10,109,643.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Margaret L. Johnson sold 35,000 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $176.08, for a total value of $6,162,800.00. Following the completion of the transaction, the executive vice president now owns 50,023 shares in the company, valued at $8,808,049.84. The disclosure for this sale can be found here. Insiders sold a total of 38,049 shares of company stock worth $6,702,736 over the last quarter. Corporate insiders own 1.39% of the company’s stock.

A number of research firms have commented on MSFT. Wedbush reaffirmed a “buy” rating and set a $220.00 target price on shares of Microsoft in a report on Friday, June 26th. Tigress Financial reiterated a “buy” rating on shares of Microsoft in a research note on Friday, April 3rd. Piper Sandler reduced their price target on shares of Microsoft from $199.00 to $192.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Cowen reaffirmed an “outperform” rating and set a $190.00 price objective (down previously from $200.00) on shares of Microsoft in a research report on Friday, April 17th. Finally, UBS Group raised their target price on shares of Microsoft from $200.00 to $207.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirty-six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $196.63.

Shares of MSFT stock opened at $212.83 on Thursday. Microsoft Co. has a 12-month low of $130.78 and a 12-month high of $211.13. The company has a quick ratio of 2.88, a current ratio of 2.90 and a debt-to-equity ratio of 0.61. The company has a 50 day moving average of $192.04 and a 200-day moving average of $173.19. The firm has a market cap of $1,613.98 billion, a P/E ratio of 35.47, a PEG ratio of 2.40 and a beta of 0.93.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, April 29th. The software giant reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.13. Microsoft had a return on equity of 40.37% and a net margin of 33.36%. The firm had revenue of $35.02 billion for the quarter, compared to analysts’ expectations of $33.70 billion. During the same quarter in the prior year, the firm earned $1.14 EPS. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. As a group, equities analysts expect that Microsoft Co. will post 5.7 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be paid a dividend of $0.51 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.04 annualized dividend and a yield of 0.96%. Microsoft’s dividend payout ratio is currently 42.95%.

Microsoft Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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