Adalta Capital Management LLC Reduces Holdings in Microsoft Corporation (NASDAQ:MSFT)

Adalta Capital Management LLC lowered its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 9.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,521 shares of the software giant's stock after selling 4,877 shares during the quarter. Microsoft comprises 10.7% of Adalta Capital Management LLC's holdings, making the stock its largest holding. Adalta Capital Management LLC's holdings in Microsoft were worth $20,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Microsoft by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock valued at $288,336,224,000 after buying an additional 10,431,988 shares during the last quarter. Geode Capital Management LLC raised its stake in Microsoft by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 168,128,024 shares of the software giant's stock valued at $70,720,874,000 after buying an additional 3,103,212 shares during the last quarter. Norges Bank purchased a new stake in Microsoft in the fourth quarter valued at about $44,343,058,000. Northern Trust Corp raised its stake in Microsoft by 16.1% in the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock valued at $35,316,535,000 after buying an additional 11,600,470 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Microsoft by 9.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,961,337 shares of the software giant's stock valued at $25,273,704,000 after buying an additional 5,370,546 shares during the last quarter. Institutional investors own 71.13% of the company's stock.

Microsoft Stock Down 0.2%

Shares of MSFT opened at $478.04 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $480.69. The stock's 50 day moving average is $432.29 and its two-hundred day moving average is $419.32. The firm has a market cap of $3.55 trillion, a P/E ratio of 36.94, a PEG ratio of 2.44 and a beta of 1.03.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The company had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same period last year, the company earned $2.94 earnings per share. Microsoft's quarterly revenue was up 13.3% compared to the same quarter last year. Analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's payout ratio is currently 25.66%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MSFT. Raymond James Financial raised their price objective on Microsoft from $480.00 to $490.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. KeyCorp restated a "sector weight" rating on shares of Microsoft in a research note on Thursday, April 17th. Needham & Company LLC restated a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. BMO Capital Markets restated an "outperform" rating on shares of Microsoft in a research note on Wednesday, May 21st. Finally, Bank of America reduced their price objective on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Five analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $515.68.

Insider Buying and Selling at Microsoft

In other news, insider Bradford L. Smith sold 6,000 shares of Microsoft stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the sale, the insider now directly owns 471,036 shares of the company's stock, valued at $204,038,664.12. The trade was a 1.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $460.01, for a total value of $460,010.00. Following the completion of the sale, the executive vice president now directly owns 47,058 shares in the company, valued at $21,647,150.58. This represents a 2.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,743 shares of company stock valued at $60,224,683. Company insiders own 0.03% of the company's stock.

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.

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