Jordan Park Trust Co LLC Buys Shares of 1,141 Microsoft Co. (NASDAQ:MSFT)

Jordan Park Trust Co LLC bought a new stake in Microsoft Co. (NASDAQ:MSFT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,141 shares of the software giant's stock, valued at approximately $481,000. Microsoft comprises about 0.4% of Jordan Park Trust Co LLC's investment portfolio, making the stock its 8th largest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC grew its stake in shares of Microsoft by 34,643.3% during the fourth quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock worth $7,096,913,000 after purchasing an additional 16,788,816 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Microsoft by 76.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant's stock valued at $4,439,407,000 after buying an additional 4,568,539 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Microsoft by 2.0% in the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock valued at $70,790,682,000 after buying an additional 3,264,648 shares during the last quarter. Baillie Gifford & Co. raised its holdings in shares of Microsoft by 46.1% in the third quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant's stock valued at $3,032,859,000 after buying an additional 2,222,483 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Microsoft by 4.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant's stock worth $23,490,417,000 after acquiring an additional 2,125,030 shares during the period. Institutional investors and hedge funds own 71.13% of the company's stock.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Benchmark reissued a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. BMO Capital Markets increased their price target on shares of Microsoft from $470.00 to $485.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Westpark Capital reissued a "hold" rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, Wedbush raised their price target on shares of Microsoft from $475.00 to $515.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Five analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $509.16.

Microsoft Price Performance

Shares of MSFT stock traded up $0.19 during midday trading on Thursday, reaching $453.13. 21,913,513 shares of the company were exchanged, compared to its average volume of 21,510,806. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35. The company has a market cap of $3.37 trillion, a P/E ratio of 36.48, a PEG ratio of 2.21 and a beta of 0.99. The company's 50 day moving average price is $392.40 and its two-hundred day moving average price is $412.14. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $68.54 billion. During the same period in the previous year, the firm earned $2.94 EPS. Microsoft's revenue was up 13.3% on a year-over-year basis. On average, sell-side analysts expect that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.73%. Microsoft's dividend payout ratio is currently 25.66%.

Insider Transactions 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 shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the transaction, the insider now owns 471,036 shares of the company's stock, valued at $204,038,664.12. The trade was a 1.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.03% of the company's stock.

Microsoft 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.