Gilbert & Cook Inc. Has $5.48 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Gilbert & Cook Inc. trimmed its position in Microsoft Co. (NASDAQ:MSFT) by 3.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,264 shares of the software giant’s stock after selling 442 shares during the quarter. Microsoft makes up approximately 0.8% of Gilbert & Cook Inc.’s portfolio, making the stock its 15th largest position. Gilbert & Cook Inc.’s holdings in Microsoft were worth $5,481,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Objective Capital Management LLC increased its position in Microsoft by 0.4% during the fourth quarter. Objective Capital Management LLC now owns 7,620 shares of the software giant’s stock worth $2,866,000 after acquiring an additional 27 shares during the period. Brown Shipley& Co Ltd raised its position in shares of Microsoft by 7.7% during the fourth quarter. Brown Shipley& Co Ltd now owns 67,325 shares of the software giant’s stock valued at $25,317,000 after buying an additional 4,812 shares during the last quarter. SWP Financial LLC acquired a new position in shares of Microsoft during the fourth quarter valued at about $295,000. Red Mountain Financial LLC bought a new stake in shares of Microsoft in the fourth quarter valued at about $1,034,000. Finally, Wahed Invest LLC grew its position in Microsoft by 6.6% during the fourth quarter. Wahed Invest LLC now owns 126,801 shares of the software giant’s stock worth $47,682,000 after buying an additional 7,844 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total value of $1,027,600.00. Following the completion of the sale, the chief marketing officer now owns 50,000 shares in the company, valued at approximately $20,552,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the completion of the transaction, the chief marketing officer now owns 50,000 shares in the company, valued at approximately $20,552,000. The trade was a 0.00 % decrease in their ownership of the stock. 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 40,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the completion of the sale, the insider now directly owns 544,847 shares of the company’s stock, valued at $219,349,953.73. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 190,629 shares of company stock valued at $77,916,485 over the last three months. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the topic of several recent research reports. Morgan Stanley reissued an “overweight” rating and set a $506.00 price objective on shares of Microsoft in a report on Tuesday, September 17th. Citigroup decreased their price target on shares of Microsoft from $520.00 to $500.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Mizuho boosted their price target on shares of Microsoft from $450.00 to $480.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. Oppenheimer downgraded shares of Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Finally, Wedbush reissued an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research note on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $493.47.

Microsoft Stock Performance

Shares of NASDAQ:MSFT opened at $418.74 on Wednesday. The stock has a market capitalization of $3.11 trillion, a P/E ratio of 36.25, a P/E/G ratio of 2.22 and a beta of 0.90. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. Microsoft Co. has a 1-year low of $324.39 and a 1-year high of $468.35. The business has a 50-day moving average price of $418.79 and a two-hundred day moving average price of $424.65.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The business had revenue of $64.73 billion during the quarter, compared to the consensus estimate of $64.38 billion. During the same period in the previous year, the firm posted $2.69 earnings per share. Microsoft’s revenue for the quarter was up 15.2% compared to the same quarter last year. Equities analysts predict that Microsoft Co. will post 13.02 earnings per share for the current year.

Microsoft declared that its board has initiated a share repurchase plan on Monday, September 16th that allows the company to repurchase $60.00 billion in shares. This repurchase authorization allows the software giant to purchase up to 1.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a $0.83 dividend. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Thursday, November 21st. Microsoft’s dividend payout ratio (DPR) is currently 28.74%.

Microsoft Company Profile

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.