Microsoft Corporation (NASDAQ:MSFT) is Cresset Asset Management LLC's 10th Largest Position

Cresset Asset Management LLC lowered its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 44.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 655,665 shares of the software giant's stock after selling 531,064 shares during the period. Microsoft comprises 1.3% of Cresset Asset Management LLC's holdings, making the stock its 10th largest position. Cresset Asset Management LLC's holdings in Microsoft were worth $276,363,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in MSFT. Adamsbrown Wealth Consultants LLC increased its position in Microsoft by 2.2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock worth $2,515,000 after buying an additional 130 shares during the last quarter. Mcdaniel Terry & Co. lifted its position in shares of Microsoft by 6.1% during the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock valued at $133,023,000 after buying an additional 18,052 shares during the last quarter. 1900 Wealth Management LLC grew its stake in shares of Microsoft by 3.0% during the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock worth $4,274,000 after acquiring an additional 294 shares during the period. Strategic Financial Services Inc. increased its holdings in Microsoft by 7.8% in the 4th quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock worth $7,345,000 after acquiring an additional 1,268 shares during the last quarter. Finally, Elevate Wealth Advisory Inc. raised its stake in Microsoft by 147.9% in the 4th quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock valued at $737,000 after acquiring an additional 1,043 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Microsoft

In other news, EVP Takeshi Numoto sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the transaction, the executive vice president now directly owns 43,930 shares of the company's stock, valued at approximately $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of the firm's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the completion of the sale, the executive vice president now directly owns 98,010 shares of the company's stock, valued at $44,906,221.80. The trade was a 14.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock valued at $60,224,683 in the last 90 days. Insiders own 0.03% of the company's stock.

Microsoft Trading Down 0.6%

Shares of NASDAQ MSFT traded down $2.81 during mid-day trading on Friday, hitting $477.44. The stock had a trading volume of 18,843,621 shares, compared to its average volume of 22,931,934. The business has a 50 day moving average price of $436.07 and a two-hundred day moving average price of $420.16. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $483.46. 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 cap of $3.55 trillion, a P/E ratio of 36.90, a price-to-earnings-growth ratio of 2.44 and a beta of 1.03.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.94 earnings per share. On average, equities analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.70%. Microsoft's dividend payout ratio is presently 25.66%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Guggenheim restated a "neutral" rating on shares of Microsoft in a research report on Thursday, May 1st. Citigroup raised their price target on shares of Microsoft from $540.00 to $605.00 and gave the company a "buy" rating in a report on Wednesday, June 11th. TD Securities upped their price target on shares of Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Royal Bank Of Canada reissued an "outperform" rating and set a $525.00 price objective on shares of Microsoft in a research note on Friday, May 23rd. Finally, The Goldman Sachs Group upped their target price on Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Five investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $515.68.

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.