Adalta Capital Management LLC Lowers Stock Position in Microsoft Co. (NASDAQ:MSFT)

Adalta Capital Management LLC lessened its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 53,398 shares of the software giant’s stock after selling 211 shares during the quarter. Microsoft accounts for 11.9% of Adalta Capital Management LLC’s portfolio, making the stock its biggest holding. Adalta Capital Management LLC’s holdings in Microsoft were worth $22,977,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. WFA Asset Management Corp lifted its position in Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after purchasing an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. raised its stake in shares of Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after buying an additional 38 shares during the period. Nicholas Investment Partners LP lifted its position in shares of Microsoft by 3.0% during the 2nd quarter. Nicholas Investment Partners LP now owns 39,743 shares of the software giant’s stock valued at $17,763,000 after buying an additional 1,164 shares in the last quarter. Heritage Family Offices LLP purchased a new stake in Microsoft in the 2nd quarter worth approximately $3,413,000. Finally, Fairhaven Wealth Management LLC raised its stake in Microsoft by 1.5% during the 2nd quarter. Fairhaven Wealth Management LLC now owns 19,873 shares of the software giant’s stock worth $8,882,000 after acquiring an additional 297 shares during the period. Institutional investors own 71.13% of the company’s stock.

Microsoft Trading Up 0.6 %

MSFT opened at $412.22 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The firm has a market cap of $3.06 trillion, a price-to-earnings ratio of 33.19, a PEG ratio of 2.21 and a beta of 0.90. Microsoft Co. has a 12 month low of $385.58 and a 12 month high of $468.35. The stock has a fifty day moving average price of $431.44 and a 200-day moving average price of $423.41.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period in the prior year, the company posted $2.93 EPS. As a group, equities research analysts anticipate that Microsoft Co. will post 13.07 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.81%. Microsoft’s dividend payout ratio is presently 26.73%.

Insider Transactions at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $430.87, for a total transaction of $1,077,175.00. Following the completion of the sale, the chief marketing officer now owns 53,852 shares of the company’s stock, valued at approximately $23,203,211.24. The trade was a 4.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was 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 approximately $48,911,598. The trade was a 17.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,000 shares of company stock valued at $14,333,540 in the last quarter. 0.03% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on MSFT shares. Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. Morgan Stanley lowered their price objective on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Citigroup decreased their target price on Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $509.00 price objective on shares of Microsoft in a report on Wednesday, January 29th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $510.96.

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.