Spinnaker Trust Has $50.33 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Spinnaker Trust cut its position in Microsoft Co. (NASDAQ:MSFT) by 0.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,960 shares of the software giant’s stock after selling 972 shares during the period. Microsoft accounts for approximately 3.1% of Spinnaker Trust’s investment portfolio, making the stock its 9th biggest holding. Spinnaker Trust’s holdings in Microsoft were worth $50,328,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MSFT. American Capital Advisory LLC lifted its stake in shares of Microsoft by 25.4% in the third quarter. American Capital Advisory LLC now owns 2,573 shares of the software giant’s stock valued at $1,107,000 after buying an additional 521 shares in the last quarter. CV Advisors LLC raised its holdings in shares of Microsoft by 3.1% in the 3rd quarter. CV Advisors LLC now owns 23,832 shares of the software giant’s stock worth $10,255,000 after acquiring an additional 714 shares during the last quarter. Consilium Wealth Advisory LLC lifted its position in Microsoft by 2.8% in the 3rd quarter. Consilium Wealth Advisory LLC now owns 15,251 shares of the software giant’s stock valued at $6,562,000 after acquiring an additional 422 shares in the last quarter. Gordian Advisors LLC boosted its stake in Microsoft by 481.6% during the 3rd quarter. Gordian Advisors LLC now owns 10,388 shares of the software giant’s stock valued at $4,470,000 after purchasing an additional 8,602 shares during the last quarter. Finally, Centennial Wealth Advisory LLC increased its holdings in Microsoft by 11.5% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 4,870 shares of the software giant’s stock worth $2,096,000 after purchasing an additional 501 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total value of $10,425,000.00. Following the completion of the transaction, the executive vice president now owns 117,294 shares of the company’s stock, valued at $48,911,598. The trade was a 17.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now directly owns 49,352 shares in the company, valued at $22,080,578.32. The trade was a 4.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock worth $17,383,892 over the last ninety days. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Down 1.3 %

Shares of NASDAQ MSFT opened at $422.37 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The company has a market cap of $3.14 trillion, a P/E ratio of 34.85, a P/E/G ratio of 2.37 and a beta of 0.90. Microsoft Co. has a 52 week low of $369.01 and a 52 week high of $468.35. The business has a 50-day simple moving average of $428.45 and a two-hundred day simple moving average of $427.79.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. During the same quarter in the prior year, the firm posted $2.99 EPS. Microsoft’s revenue was up 16.0% on a year-over-year basis. Research analysts anticipate that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

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

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio is 27.39%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Mizuho upped their price target on Microsoft from $480.00 to $510.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. TD Cowen lowered their target price on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, October 31st. DA Davidson lowered shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price target on the stock. in a research report on Monday, September 23rd. StockNews.com raised shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Citigroup dropped their target price on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $511.62.

About Microsoft

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.