Spinnaker Investment Group LLC Has $3.79 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Spinnaker Investment Group LLC decreased its holdings in Microsoft Co. (NASDAQ:MSFTFree Report) by 1.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,004 shares of the software giant’s stock after selling 140 shares during the period. Microsoft comprises approximately 1.3% of Spinnaker Investment Group LLC’s investment portfolio, making the stock its 14th biggest holding. Spinnaker Investment Group LLC’s holdings in Microsoft were worth $3,790,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MSFT. DGS Capital Management LLC raised its stake in Microsoft by 19.9% in the first quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock valued at $4,422,000 after buying an additional 2,383 shares during the period. IFM Investors Pty Ltd increased its stake in shares of Microsoft by 20.8% during the first quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock worth $351,001,000 after purchasing an additional 196,338 shares during the period. Altus Wealth Group LLC increased its stake in shares of Microsoft by 1.2% during the first quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock worth $3,919,000 after purchasing an additional 152 shares during the period. Powell Investment Advisors LLC increased its stake in shares of Microsoft by 16.2% during the first quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock worth $795,000 after purchasing an additional 359 shares during the period. Finally, Onyx Bridge Wealth Group LLC increased its stake in shares of Microsoft by 8.2% during the first quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock worth $1,921,000 after purchasing an additional 512 shares during the period. Institutional investors own 69.20% of the company’s stock.

Insiders Place Their Bets

In other Microsoft news, EVP Kathleen T. Hogan sold 24,681 shares of Microsoft stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $369.00, for a total transaction of $9,107,289.00. Following the transaction, the executive vice president now directly owns 183,761 shares of the company’s stock, valued at approximately $67,807,809. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Microsoft news, EVP Kathleen T. Hogan sold 24,681 shares of Microsoft stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $369.00, for a total transaction of $9,107,289.00. Following the transaction, the executive vice president now directly owns 183,761 shares of the company’s stock, valued at approximately $67,807,809. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bradford L. Smith sold 3,303 shares of Microsoft stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $406.12, for a total value of $1,341,414.36. Following the transaction, the insider now directly owns 570,826 shares in the company, valued at $231,823,855.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,984 shares of company stock valued at $28,978,803. 0.03% of the stock is currently owned by company insiders.

Microsoft Trading Down 1.3 %

NASDAQ MSFT opened at $415.26 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. Microsoft Co. has a twelve month low of $245.61 and a twelve month high of $420.82. The company has a market cap of $3.09 trillion, a price-to-earnings ratio of 37.55, a price-to-earnings-growth ratio of 2.24 and a beta of 0.90. The business’s fifty day moving average is $386.31 and its 200 day moving average is $354.90.

Microsoft (NASDAQ:MSFTGet Free Report) last released its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.76 by $0.17. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The company had revenue of $62.02 billion for the quarter, compared to the consensus estimate of $61.14 billion. During the same quarter last year, the business posted $2.32 EPS. Microsoft’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, sell-side analysts expect that Microsoft Co. will post 11.6 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s payout ratio is presently 27.12%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MSFT. Royal Bank of Canada increased their target price on Microsoft from $415.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Citigroup increased their target price on Microsoft from $430.00 to $432.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Barclays increased their target price on Microsoft from $421.00 to $475.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Mizuho raised their price objective on Microsoft from $420.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Finally, Oppenheimer restated an “outperform” rating and set a $410.00 price objective on shares of Microsoft in a research note on Wednesday, October 25th. Four investment analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the company. According to MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $411.06.

View Our Latest Stock Analysis on MSFT

Microsoft 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.

See Also

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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