MassMutual Private Wealth & Trust FSB Acquires 10,346 Shares of Microsoft Corporation (NASDAQ:MSFT)

MassMutual Private Wealth & Trust FSB boosted its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 2.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 387,654 shares of the software giant's stock after acquiring an additional 10,346 shares during the quarter. Microsoft comprises approximately 4.2% of MassMutual Private Wealth & Trust FSB's portfolio, making the stock its 2nd biggest holding. MassMutual Private Wealth & Trust FSB's holdings in Microsoft were worth $145,521,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. WFA Asset Management Corp grew its holdings in Microsoft by 27.0% in 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 during the last quarter. Ironwood Wealth Management LLC. boosted its position in shares of Microsoft by 0.3% in the 2nd 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 in the last quarter. Discipline Wealth Solutions LLC grew its stake in Microsoft by 410.4% in the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock valued at $1,144,000 after acquiring an additional 2,138 shares during the last quarter. Wealth Group Ltd. increased its holdings in Microsoft by 1.2% during the 4th quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant's stock valued at $1,000,000 after acquiring an additional 28 shares in the last quarter. Finally, RMR Wealth Builders raised its position in Microsoft by 3.6% during the fourth quarter. RMR Wealth Builders now owns 49,658 shares of the software giant's stock worth $20,931,000 after acquiring an additional 1,739 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Analyst Upgrades and Downgrades

MSFT has been the topic of several research reports. Cantor Fitzgerald increased their price target on shares of Microsoft from $502.00 to $512.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Benchmark reaffirmed a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. JPMorgan Chase & Co. increased their target price on Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Evercore ISI set a $515.00 price target on Microsoft and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $525.00 price objective on shares of Microsoft in a research report on Friday, May 23rd. Four analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $515.68.

Insider Activity

In other news, insider Bradford L. Smith sold 6,000 shares of the company's stock in a transaction dated 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 completion of the sale, the insider now owns 471,036 shares of the company's stock, valued at $204,038,664.12. This represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Takeshi Numoto sold 3,000 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the completion of the sale, the executive vice president now owns 43,930 shares of the company's stock, valued at approximately $20,339,590. This trade represents a 6.39% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 135,743 shares of company stock valued at $60,224,683. Company insiders own 0.03% of the company's stock.

Microsoft Stock Performance

Shares of MSFT stock opened at $486.00 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. The firm has a market capitalization of $3.61 trillion, a price-to-earnings ratio of 37.56, a price-to-earnings-growth ratio of 2.42 and a beta of 1.03. Microsoft Corporation has a one year low of $344.79 and a one year high of $487.75. The company has a 50 day moving average price of $439.81 and a 200 day moving average price of $420.58.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. The firm had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.94 earnings per share. Sell-side analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's payout ratio is currently 25.66%.

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.

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