AlTi Global Inc. Trims Stock Position in Microsoft Co. (NASDAQ:MSFT)

AlTi Global Inc. decreased its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 96,122 shares of the software giant's stock after selling 1,293 shares during the period. Microsoft makes up approximately 1.0% of AlTi Global Inc.'s investment portfolio, making the stock its 18th largest position. AlTi Global Inc.'s holdings in Microsoft were worth $40,695,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Alaethes Wealth LLC raised its holdings in Microsoft by 0.6% in the 4th quarter. Alaethes Wealth LLC now owns 20,354 shares of the software giant's stock valued at $8,579,000 after acquiring an additional 129 shares during the last quarter. Albar Capital Partners LLP acquired a new stake in shares of Microsoft during the 4th quarter worth approximately $2,116,000. 1248 Management LLC acquired a new stake in shares of Microsoft during the 4th quarter worth approximately $13,947,000. 4WEALTH Advisors Inc. acquired a new stake in shares of Microsoft during the 4th quarter worth approximately $1,719,000. Finally, Adapt Wealth Advisors LLC increased its holdings in shares of Microsoft by 3.3% during the 4th quarter. Adapt Wealth Advisors LLC now owns 1,139 shares of the software giant's stock worth $480,000 after buying an additional 36 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MSFT. Stifel Nicolaus raised their price target on shares of Microsoft from $475.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Guggenheim restated a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Westpark Capital restated a "hold" rating on shares of Microsoft in a report on Thursday, May 1st. Tigress Financial raised their price target on shares of Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Finally, Benchmark restated a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $515.68.

Insider Transactions at Microsoft

In other news, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the completion of the sale, the executive vice president now directly owns 43,100 shares of the company's stock, valued at approximately $19,481,631. The trade was a 23.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 75,000 shares of Microsoft stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the sale, the insider now directly owns 476,999 shares of the company's stock, valued at approximately $207,995,413.95. This trade represents a 13.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 135,743 shares of company stock valued at $60,224,683. Insiders own 0.03% of the company's stock.

Microsoft Stock Down 0.8%

MSFT stock traded down $3.91 during midday trading on Friday, hitting $474.96. The company's stock had a trading volume of 16,804,288 shares, compared to its average volume of 21,539,207. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $480.42. The firm has a market capitalization of $3.53 trillion, a P/E ratio of 38.24, a PEG ratio of 2.21 and a beta of 1.03. The firm has a 50-day simple moving average of $428.05 and a 200-day simple moving average of $418.58.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results 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 net margin of 35.43% and a return on equity of 33.36%. The company had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. During the same quarter last year, the company posted $2.94 EPS. The firm's revenue was up 13.3% compared to the same quarter last year. As a group, equities analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The company 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 dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.70%. Microsoft's dividend payout ratio (DPR) is currently 25.66%.

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.